- December 18, 2024 17:20
Listing Analysis: What MobiKwik’s bumper listing means for investors?
The shares of One Mobikwik Systems (MobiKwik) saw a bumper listing on the bourses today, listing at ₹440, which is an upside of a good 58 per cent from the issue price of ₹279. Post listing, the momentum continued through the day to close at ₹530.30, a premium of 90 per cent. This was expected, if one were to look at the staggering 126-time oversubscription that MobiKwik garnered.
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- December 18, 2024 16:15
MobiKwik Listing updates: MobiKwik makes a strong market debut with 58% premium on NSE
Shares of fintech major MobiKwik today debuted on the National Stock Exchange (NSE) at ₹440 apiece, a premium of 58 per cent over the IPO price of ₹279, and ended trading at ₹528 apiece on the NSE, according to exchange data.
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- December 18, 2024 16:04
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- December 18, 2024 15:45
MobiKwik shares: Closing figures
Shares ended the day’s trade at its upper circuit on the BSE and NSE at ₹530.70 and ₹528, respectively, higher by 20% over the listing price.
- December 18, 2024 15:09
MobiKwik Share Price Live: Shares hit fresh high at ₹528
Shares of MobiKwik rallied 20% to hit a fresh high on the NSE at ₹528.
Day’s high: ₹528
Day’s low: ₹440
Mcap (total): ₹4,101.84 crore
- December 18, 2024 14:11
MobiKwik shares live: Shares rally
Shares of MobiKwik gained 16% on the NSE to trade at ₹510.40 as at 2.10 pm.
- December 18, 2024 13:29
Stock Market Live Updates: Sensex, Nifty drop lower
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- December 18, 2024 13:17
MobiKwik share price live: Shares up 15%
Shares of MobiKwik rallied 15.59% on the NSE to trade at ₹508.60. On the BSE, the stock gained 15.03% to trade at ₹508.70 as at 1.17 pm.
- December 18, 2024 12:42
MobiKwik share price live: Shares zoom
Shares of MobiKwik zoomed 17.93% on the NSE to trade at ₹518.90. On the BSE, the stock gained 16.86% to trade at ₹516.80.
- December 18, 2024 12:10
MobiKwik share price live: Bajaj Broking listing view
MobiKwik, a prominent Indian fintech company, had a successful listing on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on December 18, 2024. The company’s shares opened at ₹442.25 on the BSE, representing a 58.5% premium over the issue price of ₹279, and at ₹440 on the NSE, showing a 57.7% premium. The IPO was oversubscribed, with bids totaling approximately $4.7 billion, about 120 times the shares offered. This strong demand reflects investor confidence in MobiKwik’s growth potential within India’s expanding online payment market. The fintech sector is expected to grow significantly, which positions MobiKwik to capitalize on this upward trend. Overall, the successful listing indicates robust market interest and optimism regarding MobiKwik’s future in the fintech industry.
- December 18, 2024 12:07
MobiKwik share price live: Shares up 18%
Shares of MobiKwik zoomed 17.87% on the NSE to ₹518.65 as at 12 noon.
Day’s high: ₹525
Day’s low: ₹440
Mcap: 4,029.20 crore
- December 18, 2024 11:28
MobiKwik stock live: MobiKwik shares soar 16% after stellar listing
Shares of MobiKwik gained 16.17% on the NSE to trade at ₹511.15 as at 11.26 pm.
Screenshot 2024-12-18 112754.png
(NSE data)
- December 18, 2024 10:48
Sai Life Sciences, Purple United Sales, Supreme Facility Management share price live: Stocks debut on NSE and NSE Emerge platform
The shares of Sai Life Sciences, Purple United Sales, Supreme Facility Management debuted on the NSE and NSE SME platform today.
The shares of Sai Life Sciences shares surged more than 8% and those of Purple United Sales Limited’s surged more than 1%. On the otherside, Supreme Facility Management Limited shares were trading on a muted tone.
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- December 18, 2024 10:43
Sai Life Sciences, Purple United Sales Supreme Facility Management share price today
Shares of Sai Life Sciences, Purple United Sales Supreme Facility Management debuted today.
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- December 18, 2024 10:28
MobiKwik share price live: Expert view | Shivani Nyati, Head of Wealth at Swastika Investmart Ltd.
“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, coupled 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. Investors are recommended to book profits given the high listing gains, while those wanting to hold should set a stop loss at around ₹400,” says Shivani Nyati, Head of Wealth at Swastika Investmart Ltd.
- December 18, 2024 10:26
Vishal Mega Mart listing live: Strong debut at 33-41% premium on NSE, BSE
Shares of Vishal Mega Mart debuted on the BSE at ₹110, a premium of 41% over the IPO price of ₹78. On the NSE, the stock listed at ₹104, a premium of 33.3%.
The IPO was subscribed over 27 times on the last day of the issue with bids coming in for over 2,064 crore shares as against the 75.7 crore shares on offer, thanks mainly to institutional investors. The IPO the came out with a price band of ₹74-78 and the company fixed the IPO price at the upper end. The quota for qualified institutional buyers was subscribed nearly 81 times while non-institutional investors’ over 16 times. Demand from retail investors was relatively muted being subscribed only 2.3 times. The company also raised ₹2,400 crore from anchor investors.
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- December 18, 2024 10:09
MobiKwik share price live: One MobiKwik Systems stock debuts at 58% premium on NSE, BSE
Shares of One MobiKwik Systems are listed on the NSE at ₹440, a premium of 57.7 per cent over the IPO price of ₹279. On the BSE, the stock listed at ₹442.25, at a premium of 58.5 per cent.
One MobiKwik Systems IPO received 119.38 times subscription. The portion for Retail Individual Investors (RIIs) fetched 134.67 times subscription while Qualified Institutional Buyers (QIBs) part received 119.50 times subscription. The category for non-institutional investors got subscribed 108.95 times. The company secured ₹257 crore from anchor investors.
- December 18, 2024 10:04
Shares of One MobiKwik System are listed on the NSE and BSE at ₹440 and ₹442.25, respectively.
- December 18, 2024 09:58
MobiKwik IPO details
One MobiKwik Systems IPO received 119.38 times subscription. The portion for Retail Individual Investors (RIIs) fetched 134.67 times subscription while Qualified Institutional Buyers (QIBs) part received 119.50 times subscription. The category for non-institutional investors got subscribed 108.95 times. The company secured ₹257 crore from anchor investors.
- December 18, 2024 09:56
IPO LISTING UPDATE
VISHAL MEGAMART PRE OPEN SETTLEMENT @104 WITH 33% PREMIU V/S IPO PRICE 78
SAILIFE PRE OPEN SETTLEMENT @ 650 WITH 18% PREMIUM V/S IPO PRICE 549
MOBIKWIK PRE OPEN SETTLEMENT @ 440 WITH 57% PREMIUM V/S IPO PRICE 279
- December 18, 2024 09:55
MobiKwik live: MobiKwik surges 58% at pre-open – Reuters
MobiKwik stock jumped 58% at pre-open in their market debut on Wednesday as investors bet on the fintech firm’s prospects in the fast-growing online payments sector.
- December 18, 2024 09:42
MobiKwik live: All eyes on One MobiKwik Systems listing
Of the three listings today, One MobiKwik Systems will be the most watched as the IPO saw an overwhelming response from all categories of investors with a subscription of nearly 120 times. The offer that came out with a price band of ₹265-279 a share received bids for 141.73 crore shares against 1.187 crore shares. The company has fixed the IPO price at ₹279, at the upper end of the price band. Market buzz is that the stock is likely to be listed around ₹400-410.
The entire IPO is a fresh issue, which means all the funds raised will go to the company. The retail investors were more aggressive as the quota allotted for them saw a subscription of 134.67 times. The HNI (non-institution) portion was subscribed 108.95 times and QIB’s by 119.50 times.
Report by KS Badri Narayanan of businessline | Read here