Mon Dec 16 06:10:20 UTC 2024: ## MobiKwik IPO Oversubscribed, Allotment Expected Today

**Mumbai, December 16, 2024** – The initial public offering (IPO) of One MobiKwik Systems Limited has been massively oversubscribed, closing at 125.69 times its issue size. The allotment of shares is expected to be finalized today, with investors eagerly awaiting confirmation. Retail investors showed particularly strong interest, with the retail portion oversubscribed by 141.78 times. The Non-Institutional Investors (NII) and Qualified Institutional Buyers (QIB) portions were oversubscribed by 114.7 times and 125.82 times, respectively.

The strong investor response is further reflected in the grey market premium (GMP), which indicates the stock may list at a price significantly higher than its IPO price of ₹279. The current GMP is around ₹160, representing a 57% premium, suggesting a potential listing price of ₹439.

Investors can check their allotment status on the BSE website ([bseindia.com/investors/appli_check.aspx](bseindia.com/investors/appli_check.aspx)) or the registrar’s website ([linkintime.co.in/initial_offer](linkintime.co.in/initial_offer)). The company’s shares are scheduled to list on the BSE and NSE on December 18th, 2024.

While the high oversubscription and GMP indicate strong market interest, analysts caution that past performance is not indicative of future results. MobiKwik’s future success will depend on several factors, including maintaining growth levels across its financial services business and mitigating potential risks associated with platform security.

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