Mobikwik

Mobikwik zooms 35% from Monday's low on heavy volumes post stellar debut

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 share price jumps 117% in 2 days vs issue price amid strong demand

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

Mobikwik leads IPO debut with 90% surge; Vishal, Sai Life gain around 40%

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

Final Hours! Mobikwik IPO closes today: Subscription zooms 20x, GMP up 56%

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

Mobikwik IPO sees strong demand on Day 2: Subscription zooms 9x, GMP up 53%

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

Markets Today: CPI, IIP data; US CPI; Nasdaq at 20K; Vishal Mega Mart IPO

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

Mobikwik subscribed 7x on Day 1; Vishal, SaiLife get tepid responses

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

Bengaluru techie suicide, Amazon quick comm, Mobikwik, Vishal Mega Mart IPOs & more

MobiKwik's $67 mn IPO fully sold in first hour as retail investors rush in

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 opens today: GMP zooms 49%; should you park your money?

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

MobiKwik raises Rs 257 crore from anchor investors ahead of IPO launch

Fintech company One 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), Eastspring Investments, Morgan Stanley Investments, White Oak Capital, 360 One Asset & Wealth Management, HDFC Mutual Fund (MF), Axis MF, SBI MF and SBI General Insurance, according to a circular uploaded on BSE's website. According to the circular, MobiKwik has decided to allocate 92.26 lakh equity shares to 21 funds at Rs 279 apiece, which is also the upper end of the price band. This translates into the transaction size to Rs 257.4 crore. The IPO is entirely a fresh issuance of equity shares worth up to Rs 572 crore with no any offer-for-sale (OFS) portion. The issue, with a price band of Rs 265-279 per share, will be open for subscription during December 11 to 13. As per the Red Herring Prospectus (RHP), Peak XV ..

MobiKwik cuts issue size for third time, sets price band at Rs 265-279

In FY24, MobiKwik recorded its first fully profitable year, reporting a profit after tax (PAT) of Rs 14.08 crore, following a loss of Rs 83.8 crore in FY23

A litmus test for fintech IPOs as MobiKwik inches closer to listing

After Paytm's disappointing performance after listing in 2021, the markets have evolved and the fintech ecosystem has matured with greater regulatory clarity from the RBI

MobiKwik cut IPO size due to higher FY24 revenue: Co-founder Upasana Taku

A priority for the company is scaling its payments beyond current levels by acquiring new customers, launching new products, and focusing on offline merchant acquisition

MobiKwik launches fixed deposit product with up to 9.5% interest rate

MobiKwik, a digital financial services platform, on Wednesday announced the launch of an Instant Fixed Deposit (FD) product on its mobile app, in partnership with financial services firms. The product aims to simplify the savings process for its users, MobiKwik said in a statement. MobiKwik Fixed Deposits allows users to start investing with as little as Rs 1,000 and earn up to 9.5 per cent returns per annum without opening a new bank account, it said. Users can choose a tenure ranging from 7 days to 60 months depending on their convenience, it said. Premature withdrawals are allowed subject to variations in interest rates as outlined in the terms and conditions of the issuer, it said. Through its partnership with RBI-regulated Small Finance Banks and NBFCs such as Suryoday Small Finance Bank, Bajaj Finance, and others along with technology service provider Blostem, MobiKwik aims to provide security of fixed deposit bookings made on its platform, it added.

Fintech firm MobiKwik gets Sebi approval to raise Rs 700 crore through IPO

The IPO will consist entirely of a fresh issue of Rs 700 crore, with a face value of Rs 2 per equity share. It will not have an offer for sale (OFS) component

MobiKwik turns profitable in FY24 with Rs 14.08 cr profit, revenue up 58.7%

The firm had posted its first-ever consolidated profit of Rs 3 crore during the first quarter of financial year 2024 (Q1 FY24)

MobiKwik wallet numbers rise as banking players go through downturn

Among the non-bank players, MobiKwik had about 134.1 million wallets in January, which rose 2 per cent to 136.8 million in May, ranking the company second in terms of wallet numbers

How fintechs are navigating the compliance maze

MobiKwik's Pocket UPI to allow wallet payments without linking to bank

This latest feature is aimed at creating more security and flexibility during transactions by mitigating risks associated with direct bank transfers