Fri Dec 13 06:04:24 UTC 2024: **MobiKwik IPO Oversubscribed by 20 Times on Day 2**
MUMBAI, INDIA – The initial public offering (IPO) of financial technology company One MobiKwik Systems received an overwhelming response on its second day, attracting subscriptions 20.37 times its size. Retail investors showed particularly strong interest, with the portion allocated to them oversubscribed by 64.52 times. The non-institutional investor category was subscribed 30 times, while qualified institutional buyers (QIBs) subscribed 84 percent.
The company had already raised ₹257 crore from anchor investors on Tuesday. The ₹572 crore IPO, priced at ₹265-₹279 per share, closes on December 13th and is a fresh issue of equity shares with no offer for sale. Other news includes new year offers from Airtel, price hikes for commercial vehicles from Ashok Leyland, an email bomb threat to the RBI under investigation, the opening of the IGI IPO, and fluctuating gold and silver prices.
First Piper 