The preliminary public providing (IPO) of fintech firm One Mobikwik Techniques will open for public subscription this week. Mobikwik IPO is a mainboard IPO which can compete with two different choices opening on the identical day – Vishal Mega Mart IPO and Sai Life Sciences IPO.
The bidding for Mobikwik IPO commences on Wednesday, December 11, and concludes on Friday, December 13. The IPO allotment is anticipated to be finalised on December 16 and the IPO itemizing date is probably going December 18. Mobikwik shares might be listed on each the inventory exchanges – BSE and NSE.
Mobikwik IPO worth band has been fastened at ₹265 to ₹279 per share and the IPO lot measurement is 53 shares. On the upper-end of the worth band, the fintech firm goals to boost ₹572 crore from the difficulty which is completely a recent difficulty of two.05 crore fairness shares.
The corporate proposes to utilise the web difficulty proceeds in the direction of funding progress within the monetary providers and fee providers companies, funding in information, ML, AI, product and expertise, capital expenditure for the fee gadgets enterprise and basic company functions.
SBI Capital Markets and Dam Capital Advisors Ltd are the ebook working lead managers of the Mobikwik IPO, whereas Hyperlink Intime India is the IPO registrar.
Because the Mobikwik IPO opens quickly, buyers have a look at the traits within the gray marketplace for Mobikwik shares. Right here’s what Mobikwik IPO gray market premium (GMP) indicators forward of difficulty opening on Wednesday:
Mobikwik IPO GMP
The development for Mobikwik shares within the unlisted market stays bullish. In line with inventory market observers, Mobikwik IPO gray market premium (GMP) has remained within the optimistic zone.
Mobikwik IPO GMP right this moment is ₹112 per share, inventory market specialists mentioned. This means that within the gray market, Mobikwik shares are buying and selling larger by ₹112 than their difficulty worth of ₹279 per share.
Mobikwik IPO GMP signifies that One Mobikwik Techniques shares are buying and selling at ₹391 apiece within the gray market, a premium of 40% to the IPO worth of ₹279 apiece.
Traders ought to observe that the gray market premium is simply an indicative worth available in the market and shouldn’t be solely thought-about to make funding selections.
Disclaimer: The views and suggestions made above are these of particular person analysts or broking firms, and never of Mint. We advise buyers to test with licensed specialists earlier than making any funding selections.
