The strong subscription mirrors trends in the grey market, where Mobikwik's unlisted shares commanded a solid premium on Thursday

MobiKwik's IPO was fully subscribed within an hour of launch, indicating a successful market debut. (Bajaj) MobiKwik IPO: MobiKwik's initial public offering (IPO) launched on December 11, 2024, and has already been fully subscribed within the first hour.

The initial public offering (IPO) of fintech company One MobiKwik Systems got subscribed 7.3 times, receiving an overwhelming response from retail investors, on the first day of sale on Wednesday. This is the second attempt by the Gurugram-based firm for the public issue following its first attempt in July 2021.

Mobikwik IPO price band has been fixed at ₹265 to ₹279 per share and the IPO lot size is 53 shares. The fintech company aims to raise ₹572 crore from the issue which is entirely a fresh issue of 2.05 crore equity shares.

MobiKwik's IPO was fully subscribed within hours, with a subscription rate of 2.61 times by 11:11 AM on the first day. Retail investors subscribed 10.88 times, while non-institutional investors subscribed 2.

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MobiKwik IPO was subscribed 7.32 times on the first day of subscription, with the portion reserved for retail investors booked the highest among the three groups of investors.

The initial public offering (IPO) of the digital payments platform One MobiKwik Systems will begin accepting public subscriptions on December 11, aiming to raise Rs 572 crore from the primary market.

MobiKwik Systems on Tuesday said it has garnered Rs 257 crore from anchor investors ahead of its initial public offering (IPO) . Foreign and domestic institutions who participated in the anchor round included Government Pension Fund (Norges Fund),