Digital banking platform MobiKwik listed its shares on the National Stock Exchange (NSE) on Monday, in the upper band of the company’s IPO at Rs. 279 at a 57.71% premium to Rs. In 440.
On the Bombay Stock Exchange (BSE), the company debuted at Rs 442.25 at a premium of 58.51%.
MobiKwik’s IPO bidding started on December 11, 2024 and ended on December 13, 2024. The IPO became the second-most subscribed new-age tech IPO in the country after being subscribed 119.38 times.
Retail individual investors showed the most faith, oversubscribing their shares by 134.67 times, while eligible institutional buyers oversubscribed their allotted shares by 119.5 times. Non-institutional investors also showed strong demand, oversubscribing 108.95 times.
In comparison, Unicommerce’s IPO saw the highest subscription at 168.39x, while co-working space operator Awfis ranked third with 108.56x subscription. Travel platform Ixigo also experienced substantial interest with its IPO being subscribed 98.34 times.