Tue Dec 10 06:28:22 UTC 2024: ## MobiKwik IPO Opens December 11th, Generates Significant Buzz

**MUMBAI, INDIA** – The much-anticipated initial public offering (IPO) of fintech company MobiKwik is set to open on December 11th, with the bidding period closing on December 13th. The IPO price band is fixed between ₹265 and ₹279 per share, with a lot size of 53 shares (requiring a minimum investment of ₹14,787). Retail investors can bid for a maximum of 13 lots (689 shares) for a total investment of ₹192,231.

The ₹572 crore IPO involves the issuance of 20,501,792 fresh equity shares. Allotment is scheduled for December 16th, with refunds to unsuccessful applicants by December 17th. Successful applicants will see shares credited to their demat accounts on the same day, and the listing is expected on December 18th.

Even before its official launch, the MobiKwik IPO is creating a stir in the grey market, currently trading at a premium of ₹120 (GMP), representing a 43% increase over the upper price band. This suggests a potential listing price around ₹399. However, it’s crucial to remember that GMP is merely an indicator and not a guaranteed price.

**Disclaimer:** Investment in the stock market involves significant risks. Consult a financial expert before investing in any IPO.

Read More