{"id":3222,"date":"2024-12-18T17:20:19","date_gmt":"2024-12-18T11:50:19","guid":{"rendered":"https:\/\/www.eqwires.com\/tutorials\/?p=3222"},"modified":"2024-12-18T17:20:21","modified_gmt":"2024-12-18T11:50:21","slug":"mobikwik-shares-end-first-trading-session-90-above-issue-price","status":"publish","type":"post","link":"https:\/\/www.eqwires.com\/tutorials\/mobikwik-shares-end-first-trading-session-90-above-issue-price\/","title":{"rendered":"MobiKwik Shares End First Trading Session 90% Above Issue Price"},"content":{"rendered":"\n

Shares of fintech major\u00a0MobiKwik<\/strong> closed their first trading session at INR 530.30, up 90.07% from the IPO price of INR 279.<\/p>\n\n\n\n

The company\u00a0made a stellar debut on Dalal Street today (December 18), with the stock listing at INR 442.25 on the BSE, a 58.5% premium against the IPO price<\/p>\n\n\n\n

On the NSE, MobiKwik shares listed at INR 440 apiece, a 57.7% premium against the issue price.<\/p>\n\n\n\n

With this, the company\u2019s market cap ended the day at $485.17 Mn (INR 4,119.71 Cr). This marks a significant 90.26% uptick from its valuation at listing price of $255 Mn. However, it is pertinent to observe that MobiKwik\u00a0cut its valuation\u00a0significantly from the $1.5 Bn- $1.7 Bn it commanded in its last private fundraise back in 2021.\u00a0<\/p>\n\n\n\n

MobiKwik has raised INR 572 Cr via its public listing to fuel its future growth. As per its red herring prospectus (RHP), the fintech company will utilise the fresh proceeds to expand its financial services and payments services business, build its AI & ML tech stack and expand its footprint in the payments soundbox market. <\/p>\n\n\n\n

The company\u2019s IPO consisted solely of a fresh issue of 1.18 Cr shares. Its investors like Peak XV Partners, Bajaj Finance, among others, did not offloading any stake in the company<\/p>\n\n\n\n

Ahead of its IPO, brokerages were\u00a0largely positive\u00a0towards the fintech\u2019s IPO. Bajaj Broking, Nirmal Bang, Geojit Securities, KR Choksey, among others recommended investors to subscribe to the issue.\u00a0<\/p>\n\n\n\n

\u201cThe reduced size of the IPO and specific allocation of funds demonstrate strategic intent\u2026 With caution, the IPO could make MobiKwik a trailblazer in determining the path of digital finance,\u201d Kotak Securities said in its IPO note.<\/p>\n\n\n\n

Given the bullish outlook towards the IPO, the company\u2019s public offer gained an\u00a0overwhelming response\u00a0from investors. Its IPO closed with an oversubscription of 119.38X, becoming one of the most heavily bid public issues of new-age tech companies. Investors cumulatively bid for 141.72 Cr shares of MobiKwik.\u00a0<\/p>\n\n\n\n

MobiKwik posted\u00a0a net loss of INR 6.6 Cr\u00a0in the June quarter of the financial year 2024-25 (Q1 FY25) against a profit of INR 3 Cr in the year-ago period. Operating revenue stood at INR 342.2 Cr during the quarter under review.<\/p>\n\n\n\n

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Shares of fintech major\u00a0MobiKwik closed their first trading session at INR 530.30, up 90.07% from the IPO price of INR 279. The company\u00a0made a stellar debut on Dalal Street today (December 18), with the stock listing at INR 442.25 on the BSE, a 58.5% premium against the IPO price On the NSE, MobiKwik shares listed at INR 440 apiece, a 57.7% premium against the issue price. With this, the company\u2019s market cap ended the day … Continue reading “MobiKwik Shares End First Trading Session 90% Above Issue Price”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":3223,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[201,172,136,138,134,164,217,368,139,140,324,106,272,266,98,72,97,184,73,268,135,137,133,330,104,141,299,161,160,159,74,75,210,158,166,311,228,227,103,254,102,224,257,298,300,101,105,301,165,327,329,76,77,78,79,247,365,308,361,363,215,216,174,80,81,99,218,82,340,339,320,183,168,167,170,251,83,84,85,86,87,108,88,202,155,154,273,89,100,90,91,92,93,94,95,236,255,385,232,231,250,96,3,260,252,248,249,322,107,192,220,360,275,223,156,157,341,246,238,207,177,176,175],"tags":[4,5,267,6,200,7,12,116,19,149,147,173,145,14,118,11,150,153,265,120,9,271,190,191,13,188,18,318,8,185,316,10,17,269,148,151,146,15,331,319,16,122,144,162,23,41,25,24,27,21,194,50,312,229,226,124,33,253,126,225,119,20,258,28,297,49,127,315,121,230,295,125,115,22,113,29,328,333,317,332,334,314,52,123,131,348,366,357,309,310,359,362,354,349,351,364,213,26,182,111,130,31,62,34,30,42,219,57,112,186,169,56,171,64,132,206,59,53,264,128,43,336,242,237,51,110,32,187,35,55,44,270,288,196,47,37,195,45,39,36,40,203,38,143,152,129,142,46,48,63,67,60,61,65,234,71,235,54,256,117,386,233,68,193,241,335,205,261,263,209,262,337,244,66,204,70,109,259,221,291,274,222,163,69,58,342,239,208,114,178,181,179,180,290],"class_list":["post-3222","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accurate-stock-tips-provider-in-india","category-best-advisory-service-provider-for-beginners","category-best-bank-nifty-future-calls","category-best-bank-nifty-options-tips-provider","category-best-bank-nifty-trading-tips-provider","category-best-equity-advisory-services-in-india","category-best-ethical-investment-advisor-in-india","category-best-financial-advisor-websites-in-india","category-best-index-future-services","category-best-index-options-services","category-best-intraday-advisor-in-india","category-best-intraday-call-provider","category-best-intraday-jackpot-calls","category-best-intraday-research-company","category-best-intraday-tips-for-tomorrow","category-best-intraday-tips-provider-in-india","category-best-intraday-tips-site","category-best-intraday-tips-website-in-india","category-best-investment-advisor-in-india","category-best-jackpot-tips-provider","category-best-nifty-future-calls","category-best-nifty-options-tips-provider","category-best-nifty-trading-tips-provider","category-best-option-trading-telegram-channel","category-best-options-tips-provider-in-india","category-best-options-trading-tips-provider-in-india","category-best-paid-stock-recommendation-sites-india","category-best-performing-pms-in-india","category-best-pms-in-india","category-best-portfolio-management-services-in-india","category-best-sebi-registered-advisory-company","category-best-sebi-registered-investment","category-best-sebi-registered-investment-advisor","category-best-sebi-registered-research-analyst","category-best-sebi-registered-stock-tips-provider","category-best-sebi-registered-telegram-channel","category-best-share-market-advisor-in-india","category-best-share-market-advisory-company-in-india","category-best-share-market-consultants-in-india","category-best-share-market-tips","category-best-share-market-tips-provider-in-india","category-best-share-tips-provider-in-india","category-best-stock-advisor","category-best-stock-advisor-websites-in-india","category-best-stock-advisory-service-in-india","category-best-stock-market-advisory-services-in-india","category-best-stock-market-tips-provider-service","category-best-stock-recommendation-service-in-india","category-best-stock-tips-provider-in-india","category-best-stock-tips-provider-in-telegram","category-best-telegram-channel-for-stock-market-tips-in-india","category-business","category-commodity-market","category-currency","category-equity-market","category-equity-research-analyst","category-eqwires-best-investment-advisor-in-india","category-eqwires-best-sebi-registered-investment-advisor-in-india","category-eqwires-best-stock-advisor-websites-in-india","category-eqwires-most-successful-stock-advisors-in-india","category-ethical-sebi-registered-investment-advisor","category-ethical-sebi-registered-research-analyst","category-fact-about-operator-based-calls","category-fii-based-calls","category-foreign-markets","category-free-intraday-stock-tips-for-tomorrow","category-genuine-intraday-tips-provider","category-genuine-stocks-tips-provider","category-googles-highest-ranking-sebi-registered-research-analyst","category-googles-highest-ranking-sebi-registered-stock-advisory-company","category-high-accuracy-intraday-tips","category-how-can-i-make-profit-in-intraday-trading","category-how-to-earn-profit-from-intraday-trading","category-how-to-invest-in-stock-market","category-how-to-make-profit-in-intraday-trading-in-share-market","category-intraday-tips","category-intraday-trading-t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