MobiKwik Systems is poised to raise ₹572 crore through its IPO, which will consist entirely of a fresh issue of shares without an offer-for-sale (OFS) component. The price band of the issue has been fixed at ₹265 to ₹279 per equity share with a face value of ₹2. The IPO lot size is 53 equity shares and multiples of 53 equity shares thereafter.
The issues will close for bidding on December 13, 2024. The allotment for the Mobikwik IPO is expected to be finalized on Monday, December 16, 2024. After the IPO, shares of Mobikwik will be listed on BSE, NSE, with a tentative listing date fixed as Wednesday, December 18, 2024.
One Mobikwik IPO has reserved not less than 75 per cent of the shares in the public issue for qualified institutional buyers (QIB), not more than 15 per cent for non-institutional Institutional Investors (NII), and not more than 10 per cent of the offer is reserved for retail investors.
