Mobikwik’s IPO: LinkIntime to Unlock
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The ₹572-crore initial public offering (IPO) of One MobiKwik Systems Ltd., the parent company of the fintech platform MobiKwik, is nearing completion with allotments expected to be finalized on Monday, December 16. The three-day IPO received an overwhelming response from investors, with strong demand across all categories.
A Record-Breaking IPO (Linkintime)
The MobiKwik IPO witnessed record-breaking interest, receiving bids for 141.72 crore shares against the 1.18 crore shares offered. This resulted in an oversubscription of 108.95 times, making it one of the most subscribed IPOs in recent memory. The retail category alone saw a subscription of 134.67 times, while qualified institutional buyers (QIBs) participated enthusiastically, with their subscription reaching 119.50 times.
This massive demand highlights the strong investor confidence in MobiKwik’s growth prospects and its position in the highly competitive fintech market. The sheer oversubscription of the issue has raised expectations among investors, many of whom are hoping for a successful listing when the shares of One MobiKwik Systems Ltd. hit the markets.
Investors Await Allotment (Linkintime)
With the bidding process now concluded, investors are eagerly waiting for the allotment of shares, which is expected to be finalized today. The allotment will determine which investors will receive shares in the company. As the allotment process is underway, investors can check their status using the online platforms provided by the official websites of NSE, BSE, and the registrar for the IPO, Link Intime Services Pvt Ltd.
It’s a crucial moment for those who participated in the IPO, as the outcome of the allotment could be a significant step towards their future returns on investment. Investors should carefully follow the process to ensure they can track the status of their applications.
How to Check Allotment Status (Linkintime)
Investors can easily check their allotment status by following a few simple steps:
1. Via the BSE Website: (Linkintime)
- Visit the BSE IPO allotment page: BSE IPO Allotment.
- Choose ‘Equity’ as the issue type.
- Select ‘One Mobikwik Systems Ltd’ from the list of IPOs.
- Enter your application number or PAN.
- Click ‘Search’ to view the allotment status.
2. Via the Link Intime Website: (Linkintime)
- Visit the Link Intime IPO status page: Link Intime IPO Status.
- Select MobiKwik IPO from the list of available IPOs.
- Enter your application number, DP/Client ID, or PAN.
- Click ‘Submit’ to view your allotment status.
These online platforms allow investors to check their allotment status quickly and efficiently, eliminating the need for manual follow-ups.
Refunds and Share Credits (Linkintime)
Once the share allotment is finalized, successful bidders will have their shares credited to their demat accounts on December 17. This process will take place seamlessly as part of the post-IPO procedure. Non-allottees, on the other hand, will have their application amounts refunded.
The shares of One MobiKwik Systems Ltd. are scheduled to be listed on the NSE and BSE on December 18, marking the start of a new chapter for the fintech company as a publicly traded entity. Investors who were fortunate enough to receive allotments will be closely watching the stock’s performance on the listing day, hoping for a strong debut.
A Brief History of Mobikwik (Linkintime)
Founded in March 2008, Mobikwik has grown to become one of India’s leading fintech companies. The platform initially started as a digital wallet service, offering prepaid wallets for users to make online payments, recharge, and shop. Over the years, Mobikwik has expanded its services to include bill payments, insurance, and credit offerings, cementing its position in India’s growing digital payments sector.
As of now, Mobikwik boasts an extensive network of users and merchants, making it a significant player in India’s rapidly evolving fintech ecosystem. The company’s success can be attributed to its ability to adapt to the changing digital landscape, offering innovative services tailored to the needs of Indian consumers.
Conclusion (Linkintime)
The MobiKwik IPO has generated immense interest among investors, reflecting the growing demand for fintech companies in India. The record-breaking subscription numbers indicate strong confidence in the company’s business model and growth prospects. As the shares are allotted and credited to investors’ accounts, the next big event is the listing of MobiKwik on the NSE and BSE.
For investors who participated in the IPO, checking the allotment status is a crucial next step. With Link Intime playing a key role in this process, investors can easily track their application status online through the BSE or Link Intime websites.
As MobiKwik enters the stock market, it marks a new phase in its journey, and for investors, this is an exciting opportunity to be a part of a prominent player in the Indian fintech industry. The coming days will be crucial as the company prepares for its stock market debut, and all eyes will be on the performance of MobiKwik shares post-listing.
For now, it’s an exciting time for both MobiKwik and its investors, as the company transitions from a private entity to a publicly listed one, opening up new avenues for growth and expansion.
Source (Linkintime)
Dailyread (Linkintime)