Mobikwik IPO Allotment and Listing Status: Everything You Need to Know

Mobikwik IPO Allotment Status Date is Monday, December 16, 2024. The basis of allotment will be finalized on this date, followed by the initiation of refunds and credit of shares to Demat accounts on December 18, 2024. Understand more about Mobikwik IPO Allotment and Listing Status in this article.

Mobikwik Allotment Status

Mobikwik IPO allotment status date is Monday, December 16, 2024, when investors can check their allotment. The next process includes initiating refunds and crediting shares to investors’ Demat accounts as part of the finalization steps.

How to Check Mobikwik IPO Allotment Status?

Once the subscription period ends, the allotment process begins. Here’s a step-by-step guide to check your Mobikwik IPO allotment status:

Via Registrar’s Website

1. Visit the registrar’s website (e.g., Link Intime).
2. Click on “IPO Allotment Status.”
3. Select “Mobikwik IPO” from the dropdown menu.
4. Enter your PAN, application number, or DP ID/Client ID.
5. Click “Submit” to view your allotment status.

Via BSE Website

1. Go to the BSE India website.
2. Under the “Investors” section, click on “IPO Allotment Status.”
3. Select “Equity” and choose “Mobikwik IPO.”
4. Enter your application details and click “Search.”

If allotted, the shares will be credited to your demat account. Unsuccessful bidders will receive refunds to their bank accounts.

What Happens After Allotment?

After the allotment process, here are the next steps for investors:

1. Refunds: For unsuccessful applicants, refunds are initiated within a few working days.
2. Share Crediting: Successful applicants will have shares credited to their demat accounts.
3. Listing Date: The shares will be listed on stock exchanges, typically within a week of allotment.

The listing day is crucial as it determines the initial trading price based on demand and supply dynamics.

Mobikwik IPO Listing Date 

Mobikwik IPO listing date is set for Wednesday, December 18, 2024. Listing marks the debut of the company’s shares on the stock exchange, allowing public trading. After listing, investors can buy or sell shares based on market demand.

Read More: Mamata Machinery IPO GMP and Allotment Status: Everything You Need to Know

Key Details of the Mobikwik IPO

The Mobikwik IPO provided investors an opportunity to participate in its public offering, with key details regarding the bidding dates, investment amounts, price range, and issue size outlined as follows:

• The bidding period for the Mobikwik IPO is from 11th December 2024 to 13th December 2024.
• The minimum investment required is ₹14,787 for 1 lot, which consists of 53 shares.
• The price range for the shares is ₹265 to ₹279.
• The maximum investment allowed is ₹1,92,231 for 13 lots, totaling 689 shares.
• The total issue size of the Mobikwik IPO is ₹572.00 crore.

Understanding GMP and Its Importance

Grey Market Premium, or GMP, refers to the unofficial premium at which IPO shares are traded before their listing on the stock exchange. It provides an early glimpse into the market sentiment for the IPO.

Why is GMP Important?

1. Investor Sentiment: A higher GMP indicates strong demand and positive market sentiment.
2. Listing Gains: It helps investors gauge potential listing-day gains.
3. Market Trends: GMP reflects broader trends in the stock market and sector.

The Grey Market Premium (GMP) for the Mobikwik IPO is currently ₹165, indicating strong demand in the unofficial market. This suggests a possible listing gain of 59%, providing an early insight into positive market sentiment for the IPO. Investors may anticipate robust performance on the stock’s listing day based on this premium.

Factors Driving Mobikwik’s Popularity

Mobikwik’s IPO has garnered attention due to several factors:

• Strong Brand Presence: As a pioneer in the digital payment ecosystem, Mobikwik has a loyal customer base.
• Sector Growth: The fintech industry in India is growing rapidly, offering immense opportunities for companies like Mobikwik.
• Financial Performance: Despite facing challenges, Mobikwik’s revenue growth and plans for profitability have impressed investors.
• Innovative Services: The company’s focus on Buy Now, Pay Later (BNPL) services and digital credit expansion adds to its appeal.

Risks and Challenges for Investors

While the IPO looks promising, it’s essential to consider potential risks:

1. Competition: Mobikwik faces stiff competition from Paytm, PhonePe, and other fintech players.
2. Profitability Concerns: The company’s profitability timeline remains uncertain.
3. Market Volatility: Stock market fluctuations can impact listing-day performance.

Investors should weigh these factors carefully before making decisions.

Conclusion – Mobikwik IPO

Mobikwik’s IPO is an exciting opportunity for investors looking to tap into India’s fintech growth story. By understanding GMP trends and the allotment process, investors can make more informed choices. While the IPO has strong potential, it’s essential to evaluate risks and align investments with your financial goals.

Stay updated on Mobikwik’s IPO developments to maximize your investment journey. Happy investing!

Other IPO Allotment & Listing Status Details

Vishal Mega Mart IPO Allotment Date

The Vishal Mega Mart IPO will have the basis of allotment finalized on Monday, December 16, 2024. Refunds will be initiated and shares credited to Demat accounts on Tuesday, December 17, 2024, marking the next steps in the IPO process.

Vishal Mega Mart IPO Listing Date

The Vishal Mega Mart IPO listing date is set for December 18, 2024. On this day, the company’s shares will debut on the stock exchange, allowing investors to buy or sell shares based on market performance.

Read More : IPO Allotment Process: 4 Simple Steps, Allotment Tips, and Examples

Sai Life Sciences IPO Allotment Date

The basis of allotment for Sai Life Sciences IPO will be finalized on December 16, 2024. Refunds will be initiated, and shares will be credited to Demat accounts on Tuesday, December 17, 2024, marking the next steps in the process.

Sai Life Sciences IPO Listing Date

Sai Life Sciences IPO’s listing date will be on 18 December 2024. On this day, the shares will be listed on the stock exchange, allowing investors to trade them based on market demand and performance.

Purple United Sales IPO Allotment Date

The basis of allotment for Purple United Sales IPO will be finalized on December 16, 2024. Refunds will be initiated, and shares will be credited to Demat accounts on Tuesday, December 17, 2024, completing the process for investors.

Purple United Sales IPO Listing Date

The Purple United Sales IPO listing date has been decided for Wednesday, December 18, 2024. On this day, the company’s shares will be listed on the stock exchange, allowing investors to trade based on market conditions.

Supreme Facility Management IPO Allotment Date

The Supreme Facility Management IPO listing date has been decided for December 18, 2024. On this day, the shares will be listed on the stock exchange, providing investors with the opportunity to buy or sell based on market demand.

Supreme Facility Management IPO Listing Date

The basis of allotment for Supreme Facility Management IPO will be finalized on Monday, December 16, 2024. Refunds will be initiated, and shares will be credited to Demat accounts on Tuesday, December 17, 2024, completing the process for investors.

Disclaimer

The information provided on Funds and Savings is for informational and educational purposes only and should not be considered as financial or investment advice.