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IPO Alert: Mobikwik Systems' Management on the IPO, Company Business, Debt and Growth Plans Ahead

IPO Alert: Mobikwik Systems' Management on the IPO, Company Business, Debt and Growth Plans Ahead

Sakshi Batra
Sakshi Batra
  • New Delhi ,
  • Dec 11, 2024,
  • Updated Dec 11, 2024, 4:29 PM IST

 

The Mobikwik IPO hits the markets on December 11, 2024, with a total issue size of ₹572 crores. This entirely fresh issue will offer 2.05 crore shares to investors. The price band for the IPO is ₹265 to ₹279 per share, with a minimum lot size of 53 shares. Retail investors need to invest a minimum of ₹14,787, while the minimum investment for sNIIs and bNIIs is higher, with respective lot sizes of 742 shares and 3,604 shares. The IPO will close on December 13, 2024, and the allotment will be finalized by December 16, 2024. The listing on BSE and NSE is expected to take place on December 18, 2024. Incorporated in 2009, Gurugram-based Mobikwik is a fintech company providing prepaid digital wallets and online payment services. The company provides a range of payment services, enabling consumers to pay utility bills, to make payments for online and offline purchases, transfer of money and scan QR codes and make payments using UPI or Rupay credit cards. MobiKwik allocated 92.26 lakh shares to 21 funds at Rs 279 apiece to raise a total of Rs 257.4 crore from anchor book. Wondering if the Mobikwik IPO is worth subscribing to? What are the company’s growth plans once it hits the stock exchanges? To help you make an informed decision, Business Today TV’s Sakshi Batra talks to Upasana Taku (Executive Director, Chairperson & CFO) and Bipin Preet Singh (MD & CEO) of Mobikwik Systems in an exclusive interview. Don’t miss this opportunity to hear their insights before you decide to invest! Watch now for all the details.

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