MobiKwik

Of the 26 recently-listed IPOs, as many as 21 stocks were trading below their respective issue price on the BSE in Thursday's intra-day trade.

Concord Enviro, DAM Capital, Godavari Bio, JNK India, One Mobikwik, Stallion India and Unicommerce saw their market value decline between 47% - 64%, from respective 52-week highs.

The aggregate shareholding of the Gurugram-based listed firm in the platform is expected to grow to 6.79 per cent after the deal

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The company reported a consolidated net loss to Rs 55.28 crore as compared to a profit of Rs 5.27 crore a year ago

Thus far in the month of January 2025, the BSE IPO index has tanked 11 per cent, as against 2.6 per cent decline in the BSE Senex.

The Gurugram-based company's total income rose 42 per cent year-on-year (Y-o-Y) to Rs 293.66 crore in Q2FY25 from Rs 206.83 crore in Q2FY24

Mobikwik is slated to announce its Q2 results today. Shares of the company were listed on bourses on December 18, 2024, with a 58.51 per cent premium over the IPO allotment price of Rs 279 on BSE

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One Mobikwik Systems is slated to announce its third quarter ended December 31, 2024, results on Tuesday, January 7, 2025

Till 02:43 PM; total 56.75 million equity shares worth of Rs 3,271 crore changed hands on the NSE, the exchange data shows

MobiKwik's shares made its debut on Wednesday, December 18, 2024. Notably, the share has rallied 36.80 per cent in two days

These stellar debuts came despite the benchmark indices logging continuous declines since their initial public offerings (IPOs) closed on Friday

Mobikwik IPO has garnered an overwhelming response from investors, with bids pouring in for 24,18,36,721 shares against the 1,18,71,696 shares on offer, resulting in an oversubscription of 20.37 times

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

As the markets prepare to open, the mood is upbeat. At 6:34 AM, the GIFT Nifty futures are trading 28 points higher at 24,762 levels, hinting at a positive start

Meanwhile, the IPOs of SaiLife and Vishal Megamart were subscribed 0.84 times and 0.5 times, respectively

Retail investors placed bids for nearly five times the shares reserved for them, while the portion for non-institutional investors was fully sold

Mobikwik IPO GMP today: Mobikwik shares were trading at Rs 415 apiece, reflecting a grey market premium (GMP) of Rs 136 or 48.75 per cent per share