Last Updated:
MobiKwik IPO Listing: Its shares were listed at Rs 442.25 apiece on the BSE, against the IPO issue price of Rs 279 per share.
The MobiKwik IPO, which opened for bidding between December 11 and December 13, received an overwhelming 125.69 times subscription.
MobiKwik IPO Listing: One MobiKwik Systems Ltd on Wednesday made a stellar stock market debut with a listing gain of 58.51 per cent. Its shares were listed at Rs 442.25 apiece on the BSE, against the IPO issue price of Rs 279 per share. On the NSE, MobiKwik’s shares were listed at Rs 440, a premium of 57.7 per cent over the issue price.
Shivani Nyati, head of wealth at Swastika Investmart Ltd, said, “MobiKwik, the digital payment platform, delivered an impressive 57.71% listing gain, opening at ₹440 against an issue price of ₹279. The IPO had garnered a remarkable subscription of 125.69 times, indicating massive investor interest despite its high valuation and competitive fintech landscape. The company’s recent shift to profitability,
couple
d with the growing adoption of digital payments, boosted market confidence.”
However, sustaining this momentum would depend on its ability to maintain profitability and carve out a niche in the competitive fintech sector, she added.
“Investors are recommended to book profits given the high listing gains, while those wanting to hold should set a stop loss at around ₹400,” Nyati said.
The MobiKwik IPO, which was open for bidding from December 11 to December 13, achieved an overall subscription of 125.69 times, underscoring its popularity among market participants.
