Mon Dec 16 05:29:54 UTC 2024: ## Mobikwik IPO Allotment Expected Today, Grey Market Predicts High Listing Premium

**Mumbai, India (December 14, 2024)** – Investors eagerly await the allotment of shares for the highly oversubscribed One Mobikwik Systems Limited IPO. Bidding closed on December 13th, and while the allotment was expected today, Saturday, a delay until Monday, December 16th, is possible.

The IPO was massively oversubscribed, reaching a subscription rate of 119.38 times by the third day. This strong demand was reflected across all categories: retail (134.67 times), non-institutional investors (108.95 times), and qualified institutional buyers (119.50 times).

The grey market, an unofficial indicator of market sentiment, is predicting a substantial premium for Mobikwik shares upon listing. Current estimates suggest a premium of ₹158, implying a listing price around ₹437 (₹279 + ₹158), a potential 57% gain over the IPO price range of ₹265 to ₹279.

Investors can check their allotment status online through the BSE website (bseindia.com/investors/appli_check.aspx) or the registrar, Link Intime India Private Limited (linkintime.co.in/initial_offer/public-issues.html), once the allotment is officially announced.

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