Digital banking platform MobiKwik listed its shares on the National Stock Exchange (NSE) on Monday at Rs 440, at a 57.71% premium over the upper band of the company’s IPO price of Rs 279 apiece.
On the Bombay Stock Exchange (BSE), the company debuted at a premium of 58.51%% at Rs 442.25 apiece.
MobiKwik’s IPO bidding started on December 11, 2024 and ended on December 13, 2024. The IPO became the second-most subscribed new-age tech IPO in the country, after being subscribed 119.38 times.
Retail individual investors showed the most confidence, oversubscribing their portion 134.67 times, while qualified institutional buyers oversubscribed their allocated shares 119.5 times. Non-institutional investors also exhibited strong demand, oversubscribing 108.95 times.
In comparison, Unicommerce’s IPO saw the highest subscription at 168.39x, while co-working space operator Awfis is in the third spot, garnering 108.56x subscriptions. Travel platform Ixigo also experienced substantial interest with its IPO subscribed 98.34 times.
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