The Mobikwik IPO 2024 is set to open on December 11, 2024, and close on December 13, 2024, with a price band ranging from ₹265 to ₹279 per share. The company is aiming to raise ₹572 crores through this Mobikwik IPO. The Mobikwik IPO GMP (Grey Market Premium) is currently at ₹111, indicating high investor interest as the shares are trading significantly above the IPO price band. Retail investors can apply for a minimum lot of 53 shares, with the total investment amounting to ₹14,787. With Mobikwik reporting its first profitable year in FY24, the Mobikwik IPO price and its potential upside are attracting significant attention. Let’s dive into the Mobikwik IPO date, its GMP, and more in-depth details about the Mobikwik IPO.
Mobikwik IPO Date and Key Details You Should Know
The Mobikwik IPO 2024 offers an exciting opportunity for investors. Here are all the key Mobikwik IPO details that every investor should consider:
- IPO Open Date: December 11, 2024
- IPO Close Date: December 13, 2024
- Price Band: ₹265 to ₹279 per share
- Total Issue Size: ₹572 crores (Fresh Issue)
- Lot Size: Minimum of 53 shares (₹14,787 investment)
- Listing Exchanges: BSE & NSE
- Allotment Date: December 16, 2024
- Listing Date: December 18, 2024
If you’re looking to invest in the Mobikwik IPO price, these Mobikwik IPO details will help you decide when and how to apply.
Mobikwik IPO GMP: What Does It Tell Us About the IPO’s Success?
The Mobikwik IPO GMP is a crucial factor for potential investors, indicating the demand and expected listing price. Currently, the Mobikwik shares are trading at a grey market premium of ₹111, which is approximately 39.78% higher than the upper price band of ₹279. This is a strong signal that investors are optimistic about the company’s future performance, which makes the Mobikwik IPO GMP a positive indicator.
If you’re considering investing, the Mobikwik IPO GMP suggests that the Mobikwik IPO share price may rise on listing day. The higher the Mobikwik IPO GMP, the more likely it is that the shares will perform well once they are listed on BSE & NSE.
Is the Mobikwik IPO Good or Bad for Investors?
A common question investors ask is: Is the Mobikwik IPO good or bad? Let’s break it down:
- Mobikwik IPO price is affordable, and the Mobikwik share price has seen significant upside due to its positive financial outlook. Mobikwik recently recorded its first profitable year in FY24, with a profit after tax of ₹14.08 crores, marking a significant milestone for the company.
- The company plans to use funds from the Mobikwik IPO to fuel its growth, including expanding its financial services and investing in cutting-edge technology like artificial intelligence.
For those considering whether Mobikwik IPO is good or bad, the profitability and strategic plans are appealing. However, the fintech market is competitive, and regulatory risks could impact future growth. So, it’s essential to weigh the pros and cons before diving in.
Mobikwik IPO Use of Proceeds: How the Funds Will Be Utilized
The Mobikwik IPO 2024 proceeds will be allocated towards growth and innovation. Here’s how Mobikwik IPO funds will be spent:
- ₹150 crores for expanding financial services.
- ₹135 crores for enhancing payment services.
- ₹107 crores for research and development (R&D) in technology and AI.
The remaining funds will be used for capital expenditures, particularly for payment devices. This shows that the company is gearing up to strengthen its position in the market and expand its footprint. The utilization of funds makes the Mobikwik IPO price seem like a reasonable investment.
Mobikwik IPO Price: What Are Investors Paying For?
At a price band of ₹265 to ₹279 per share, the Mobikwik IPO price is quite competitive. With the Mobikwik IPO GMP being substantial, the Mobikwik share price could see significant appreciation post-listing, making it a potentially profitable investment. The company’s recent profitability adds another layer of confidence for investors seeking returns from the Mobikwik IPO 2024.
How to Apply for the Mobikwik IPO and Start Your Investment Journey
Here’s how to apply for the Mobikwik IPO and invest in the Mobikwik IPO 2024:
- Open a Demat Account: To apply for the Mobikwik IPO, you’ll first need to have a Demat account. Retail investors can easily open a Demat account with platforms like GRM Bulls.
- Check the Price Band: The Mobikwik IPO price range is ₹265 to ₹279 per share. Choose your investment amount based on this.
- Submit Your Application: Apply for a minimum of 53 shares, which will require an investment of ₹14,787 at the upper price band.
- Wait for Allotment: After the Mobikwik IPO date ends, you’ll be notified about the allotment on December 16, 2024, and the listing will occur on December 18, 2024.
Once the Mobikwik shares are listed on the stock exchanges, you can track their performance.
Mobikwik IPO: A Good Investment or Not?
Many investors are still asking, Is the Mobikwik IPO good or bad? The Mobikwik IPO price and Mobikwik IPO GMP suggest that the IPO may be a lucrative investment. With a profitable fiscal year and plans for expansion, Mobikwik shares could perform well post-listing. However, be mindful of the competition and regulatory risks in the fintech industry.
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Frequently Asked Questions (FAQ) About Mobikwik IPO
1. What is the Mobikwik IPO price band?
The Mobikwik IPO price band is set between ₹265 and ₹279 per share, offering investors an affordable entry point to invest in the company.
2. When is the Mobikwik IPO opening and closing?
The Mobikwik IPO is set to open on December 11, 2024 and close on December 13, 2024. Make sure to apply before the closing date.
3. How can I apply for the Mobikwik IPO?
You can apply for the Mobikwik IPO through your Demat account. Ensure your account is active, and apply for a minimum of 53 shares worth ₹14,787 at the upper price band.
4. What is the Grey Market Premium (GMP) of the Mobikwik IPO?
The current GMP of the Mobikwik IPO is ₹111, indicating a high level of interest among investors and strong potential for growth.
5. How do I track the Mobikwik IPO allotment status?
Once the Mobikwik IPO closes, you can check the allotment status on the official website of the registrar or through your Demat account provider.
6. What is the listing date for the Mobikwik IPO?
The listing date for the Mobikwik IPO is December 18, 2024, and the shares will be available for trading on both BSE and NSE.