MobiKwik IPO allotment: How to check status online on Link Intime India, BSE, NSE

MobiKwik IPO allotment status will likely be finalised on Monday, December 16, following a successful subscription. Users can check allotment status online on the websites of registrar Link Intime India, the NSE and the BSE. The shares of One MobiKwik Systems will be listed on the stock exchanges on Wednesday, December 18.

The ₹572 crore initial share sale received bids for 1,41,72,65,686 equity shares against 1,18,71,696 shares on offer, leading to a total subscription of 119.38 times.

The demand was led by retail investors, who subscribed 134.67 times the portion reserved for them. The part set aside for qualified institutional buyers (QIBs) was booked 119.50 times, while non-institutional investors (NIIs) subscribed their quota 108.95 times.

Before the IPO, the company had raised ₹257 crore from anchor investors.

The company's offer, with a price range of ₹265-₹279 per share, was a fresh issue worth ₹572 crore. There was no offer-for-sale component.

MobiKwik IPO allotment: How to check status online on Link Intime India

• Click on the link provided here - https://linkintime.co.in/Initial_Offer/public-issues.html
• From the list of available issues, select MobiKwik IPO
• Fill in your application number, DP/Client ID or PAN
• Click on 'submit' to view your allotment status

MobiKwik IPO allotment: Steps to check status online on NSE

• Go to the IPO status page of the NSE, CLICK HERE.
• Log in. New users need to sign up.
• Select MobiKwik IPO from the drop-down menu.
• Enter details like application number and PAN card details
• Click on 'submit'

MobiKwik IPO listing date

The listing of shares of One MobiKwik Systems (MobiKwik) will occur on Wednesday, December 18, on the NSE and the BSE (formerly Bombay Stock Exchange).

The company intends to use IPO proceeds to fund the growth of its payment services and financial services businesses and invest in data, artificial intelligence, machine learning, product development and technology. It will also be used for capital expenditure of fintech's devices business and corporate general purposes.

Founded in 2008 by Bipin Preet Singh and Upasana Taku, MobiKwik is a key financial technology company offering prepaid digital wallets and online payment services. It allows users to make purchases, pay utility bills, transfer money to phone numbers, bank accounts, and UPIs, and make QR-based payments.

Bipin Singh, Upasana Taku, Narinder Singh Family Trust, and Koshur Family Trust are the company's promoters. They currently hold a 32.96% stake, which will be reduced to 25.18% post-issue.