Tue Dec 10 05:07:53 UTC 2024: ## MobiKwik IPO to Open on December 11th, Expected to List on December 18th

**Mumbai, December 7, 2024** – The Indian stock market is buzzing with activity, following eight new listings last week and with further excitement expected next week. A significant upcoming event is the Initial Public Offering (IPO) of MobiKwik, a prominent UPI company. The IPO will open for subscription on December 11th and close on December 13th, 2024.

The IPO price band is set between ₹265 and ₹279 per share, with the company aiming to raise ₹572 crore through a fresh issue (no offer for sale). Investors will receive 53 shares per lot. While allotment is tentatively scheduled for December 14th, it may be delayed until December 16th-18th due to potential technical reasons. The registrar is Link Intime India Private Limited, and the IPO is managed by SBI Capital Markets and DAM Capital Advisors. Listing on the NSE and BSE is anticipated on December 18th.

Currently trading at a grey market premium (GMP) of ₹80, indicating a potential listing price significantly above the upper band. MobiKwik’s market capitalization was ₹2295.45 crore in FY2023-24, with a 59% year-on-year revenue increase and a remarkable 117% post-tax profit. Investors considering participation are advised to thoroughly review the IPO prospectus before investing.

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