Mobikwik Share Price Today: IPO Details, NSE/BSE Updates, and More
MobiKwik IPO: Key Highlights
- Listing Performance: MobiKwik shares debuted at ₹442.25 on BSE and ₹440 on NSE, a premium of 58.5% over the issue price of ₹279.
- Current Price Trend: Stock hit the 20% upper circuit at ₹528 per share on NSE by 3:35 PM, showcasing robust investor demand.
- Trading Details: As of 2:25 PM, the stock saw a traded volume of 269.20 lakh shares with a traded value of ₹1,332.26 crore.
- Price Range: On its first trading day, the stock fluctuated between ₹440 (low) and ₹525 (high).
- IPO Subscription Success: The IPO received a stellar 119.38 times subscription with high interest from retail investors, subscribing 134.67 times.
Mobikwik Share Price Makes a Stellar Stock Market Debut
Mobikwik shares had an impressive debut on December 18, opening significantly higher than the IPO issue price. On the BSE, the stock is listed at ₹442.25, marking a premium of 58.5% over its issue price of ₹279. The momentum continued as the stock surged to ₹524, reflecting an impressive 88% gain.
On the NSE, the shares debuted at ₹440, nearly 58% higher than the issue price, and later climbed to ₹525. By 10:10 AM, Mobikwik shares were trading at ₹499.60 on the BSE and ₹499.45 on the NSE.
Exceeding Grey Market Expectations
The stock's listing surpassed grey market predictions. Analysts had estimated a listing price of ₹439, based on a ₹160 GMP (Grey Market Premium) and the IPO price of ₹279. Mobikwik’s actual opening price delivered a robust 57.35% premium, exceeding these forecasts.
Record-Setting Mobikwik IPO Performance
MobiKwik IPO witnessed exceptional interest, with a subscription rate of 119.38 times. Investors placed bids for 1,41,72,86,992 shares against the 1.18 crore shares on offer. Factors contributing to the IPO's success included:
- Attractive Pricing: Competitive pricing of the IPO drew investor attention.
- Healthy Growth Trajectory: Mobikwik reported positive EBITDA and PAT for FY24, reflecting solid financial health.
- Business Expansion: Payment GMV grew at an annual rate of 45.9%, while MobiKwik ZIP GMV disbursements soared by 112.2% between FY22 and FY24.
- Brand Value: The company's reputation as a trusted fintech player strengthened investor confidence.
How to Track Mobikwik Share Price
Stay updated on Mobikwik share price movements and live trends on stock market platforms like NSE and BSE. Mobikwik's IPO success underscores its growth potential, making it a stock to watch in the fintech space.
Final Takeaway
Mobikwik's remarkable listing performance highlights the strong investor demand for fintech innovations. With its robust business model and consistent growth, the company is well-positioned to capture further market opportunities.
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