One MobiKwik Systems IPO: Share Allotment Likely Today, GMP Hints Strong Listing; How To Check Status?

The IPO allotment of One MobiKwik Systems Ltd is set to be finalized today, bringing some news among investors who placed bids for the public issue that saw overwhelming demand. The digital payments company's IPO closed on a high note, with the issue being subscribed an impressive 119.38 times. The response was primarily driven by participation from retail and non-institutional investors, making it one of the most talked-about IPOs in recent times.

Subscription Status

Priced in the range of Rs 265-279 per share, the Rs 572 crore IPO received bids for over 141 crore shares against the 1.18 crore shares on offer. This created a total demand worth approximately Rs 39,542 crore. The massive oversubscription signals high expectations for the digital payments player.

Checking IPO Allotment Status

Investors who subscribed to the IPO can check their allotment status online through multiple platforms. The registrar of the issue, Link Intime India Pvt Ltd, and stock exchanges, NSE and BSE, provide options for verifying allotment details. Here's a step-by-step guide to check the status:

On Link Intime Website

Visit the registrar's portal at https://linkintime.co.in/initial_offer/.
Select "One MobiKwik Systems Ltd" from the dropdown menu.
Enter your PAN, application number, or DP client ID.
Click "Submit" to view the allotment status.

On NSE Website

Go to the IPO allotment page at NSE IPO Allotment.
Register and log in with your details.
Select the issue name "One MobiKwik Systems Ltd."
Enter your application number and submit it to check the status.

On BSE Website

Open the BSE portal and click on "Investors."
Navigate to "Status of Issue Application" under the "Investor Services" dropdown.
Select "Equity" in the issue type and enter your PAN, application number, and issue name.
Click "Search" to view the allotment details.

Grey Market Premium (GMP)

In the grey market, MobiKwik shares are creating a buzz with a hefty premium. Market observers report a GMP of Rs 150, translating to a listing price of Rs 429, approximately 55% higher than the upper price band of Rs 279.

MobiKwik shares are scheduled to debut on the BSE and NSE on December 18, 2024. If the grey market premium holds, investors could see gains of up to 53.76% on the listing day.