MobiKwik IPO allotment status may be finalised today: Here's how to check status on BSE and Link Intime; Check latest GMP

The share allotment of Mobikwik IPO is likely to be finalised later today or tomorrow morning. Investors will get shares on a lottery basis and the whole process was supervised by the registrar. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.

They can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on BSE or even on the registrar's website.

How to check Mobikwik IPO allotment status on BSE

Step 1: Visit the BSE Website (https://www.bseindia.com/investors/appli_check.aspx)

Step 2: Please select the issue name, that is the company's name in the drop down.

Step 3: Enter the application number or PAN number to check the allotment status.

How to check Mobikwik IPO allotment status on Link Intime?

Step 1: Visit the Link Intime India website (https://linkintime.co.in/initial_offer/)

Step 2: Select Mobikwik IPO

Step 3: Enter the PAN details and click search to know the status

Mobikwik GMP

The company's shares are expected to get listed on the exchanges on December 18. According to market sources, Suraksha Diagnostic is trading with a GMP of Rs 165 in the unlisted market, which translates to a premium of 59% to the issue price.

Mobikwik IPO subscription

The IPO of Mobikwik received massive response from investors with an overall subscription of 119 times at close. The Rs 572 crore IPO is completely a fresh issue of up to 2.05 crore equity shares and the proceeds will be used for growth in financial and payment services, research and development in AI and machine learning, and expansion of payment device infrastructure.

Founded in 2008, MobiKwik operates a dual-sided payments platform catering to over 161 million registered users and 4.26 million merchants as of June 2024. The company offers services spanning digital payments, credit, and investment products. It holds a 23.11% market share in the PPI wallet segment by gross transaction value as of May 2024, positioning it as India's largest wallet player.

The company’s financials reflect improving efficiency, with a consolidated revenue of Rs 875 crore in FY24, marking a 62% growth over the previous year. MobiKwik posted a net profit of Rs 14 crore, reversing losses of Rs 84 crore in FY23.

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