Mon Dec 09 08:29:09 UTC 2024: ## Mobikwik IPO Opens Wednesday, Seeking ₹572 Crore

**MUMBAI** – Fintech company One Mobikwik Systems will launch its initial public offering (IPO) this Wednesday, December 11th, competing with two other IPOs opening on the same day. The IPO, priced between ₹265 and ₹279 per share, aims to raise ₹572 crore through a fresh issue of 2.05 crore equity shares. The offer closes on Friday, December 13th, with allotment expected by December 16th and listing on the BSE and NSE anticipated for December 18th. The minimum lot size is 53 shares.

Proceeds will be used to fund growth in financial and payment services, invest in data and technology (including AI and ML), and support capital expenditure for payment devices. SBI Capital Markets and Dam Capital Advisors are the lead managers, with Link Intime India as the registrar.

While the grey market premium (GMP) currently sits at ₹112 per share, suggesting a potential trading price of ₹391, investors are cautioned to consider this an indicator only and conduct thorough due diligence before investing. The company’s performance and market conditions should be carefully evaluated.

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