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Share Price Update: Today marked a green day for the company Mobikwik, as its parent company, One Mobikwik Systems, saw a boost in their stock price. The share rallied by 19%, closing at ₹344.50, which marks a 20% rise from the previous day.
This two-day rally has led the company to register an overall gain of 43%. According to reports, this spike is mainly due to the expiry of the IPO lock-in period, which previously prevented some investors from selling their shares. Despite this rebound, the stock remains well below its highest-ever value and continues to face some selling pressure.
Lets Dig In The History Of Mobikwik IPO-
Procing Of The Issue-
The Mobikwik IPO is a book-built issue worth ₹572 crores. This worth has generated significant attention in the IPO market. This issue consists entirely of 2.05 crore fresh shares, offering investors a significant chance to be part of the company’s growth.
IPO Bidding Dates-
IPO Price Bands-
The IPO price band was set at ₹279 per share, with the minimum lot size for retail investors being 53 shares. Retail investors needed to invest a minimum of ₹14,045 to participate in the IPO. To avoid the risk of oversubscription, it was recommended that investors bid at the cutoff price, which amounted to ₹14,787.
For Small and Medium Investors (sNII)– Minimum investment was for 14 lots (742 shares), totaling ₹2,07,018.
For the Big-NII (bNII)- Minimum lot size was 68 lots (3,604 shares), requiring an investment of ₹10,05,516.
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