One MobiKwik shares debut strongly with 57.7% premium on NSE and 58.5% premium on BSEOne MobiKwik shares debut strongly with 57.7% premium on NSE and 58.5% premium on BSE

One MobiKwik Systems shares made a strong debut on December 18, listing at ₹440 on the NSE, reflecting a 57.7% premium over the IPO price of ₹279. On the BSE, the stock opened at ₹442.25, showing a 58.5% premium.

Also Read: IT stock hits 10% upper circuit after company’s promoter to sell 6.5% stake via OFS

One Mobikwik Systems IPO was subscribed 119.38 times, with a price band of ₹265-279. The retail portion was subscribed 134.67 times, QIBs’ part 119.50 times, and non-institutional investors’ category 108.95 times. The company raised ₹257 crore from anchor investors.

One Mobikwik Systems Limited, founded by Bipin Preet Singh and Upasana Taku, promotes financial inclusion with scalable technology solutions. It focuses on digital credit, investments, and insurance, enhancing platform value by utilizing payment data for personalized financial services.

Also Read: Cement stock falls 12% after it announces merger with Adani groyp company; How many shares will you receive?

The objective of the MobiKwik IPO is to raise funds for enhancing the company’s capital base, expanding its digital credit, as well as improving its technological infrastructure to drive financial inclusion and strengthen its position in India’s digital payments market.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.