Mon Dec 16 09:49:57 UTC 2024: ## MobiKwik IPO Oversubscribed, Listing Expected at Significant Premium
**Mumbai, India** – The MobiKwik Systems Limited Initial Public Offering (IPO), which closed on December 13th, 2024, was massively oversubscribed, with a final subscription rate of 119.38 times. The retail portion saw an astounding 134.67 times oversubscription.
The allocation of shares is expected to be announced on December 16th or 17th, 2024. Investors can check their allotment status online through the BSE website (bseindia.com/investors/appli_check.aspx) or the registrar’s website, Link Intime India Private Limited (linkintime.co.in/initial_offer/public-issues.html).
The strong subscription indicates a high level of investor confidence. This is reflected in the grey market premium (GMP), currently at ₹158. This suggests a potential listing price of around ₹437 (₹279 issue price + ₹158 GMP), representing a potential gain of approximately 57% for investors. However, it is important to remember that GMP is an unofficial indicator and the actual listing price may vary. The official listing is expected within three days of the allotment announcement, in accordance with the ‘T+3’ listing rule.
First Piper 