Fintech platform MobiKwik made an impressive debut on the stock exchange today, listing at Rs 444—an impressive 59% premium over its issue price of Rs 279—reflecting strong investor demand.
MobiKwik’s bidding period ran from December 11 to 13, with a price band of Rs 256-279 per share and a lot size of 53 shares, requiring a minimum investment of Rs 14,045. The company aimed to raise Rs 572 crore through a fresh issue.
According to the records, as of 13 December, the shares to be issued to qualified institutional investors were oversubscribed by 34X while the portion of non-institutional and retail investors was oversubscribed by 88X and 113X respectively.
Mobikwik also touched a bracket of Rs…
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