One MobiKwik Systems IPO fully subscribed
The public issue is entirely a fresh issuance of equity shares worth up to Rs 572 crore with no offer-for-sale (OFS) component.
MobiKwik, the company's flagship application, provides consumers access to various payment options and financial products in digital credit, investments, and insurance. (File Photo) The initial public offering (IPO) of fintech company One MobiKwik Systems got fully subscribed within an hour of opening of the issue on Wednesday.
The initial share sale received bids for 2,16,17,852 shares, as against 1,18,71,696 on offer, translating into 1.82 times subscription, as per data available with NSE till 11:40 hours.
Retail Individual Investors (RIIs) subscribed 7.69 times, while the Non-Institutional Investors (NIIs) portion received 1.55 times subscription.
One MobiKwik Systems on Tuesday said it garnered Rs 257 crore from anchor investors.
The Rs 572-crore IPO is available for public subscription during December 11 to 13.
The company has fixed the price band of Rs 265-279 per share.
The public issue is entirely a fresh issuance of equity shares worth up to Rs 572 crore with no offer-for-sale (OFS) component.
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