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

The allotment of shares for the One MobiKwik Systems Limited (MobiKwik) Initial Public Offering (IPO) is now complete, and the allotment status has been made available to the public. This comes after the closure of the MobiKwik IPO, which saw a strong subscription response from investors. With the implementation of the 'T+3' listing rule, which mandates that IPOs be listed on or before the third day after the issue closes, MobiKwik IPO investors can expect their shares to be credited into their Demat accounts on Tuesday, December 19, 2024, ahead of the company's listing.

How to Check Allotment Status?

For those who participated in the MobiKwik IPO, it is crucial to check the allotment status to know whether they have successfully received shares or not. Applicants can check the MobiKwik IPO allotment status via two platforms: the Bombay Stock Exchange (BSE) website and the official registrar, Link Intime India.

Checking via the BSE Website:

Visit the BSE website: BSE IPO Allotment Status.
Select the "Equity" option in the "Issue Type" dropdown.
Choose "One MobiKwik Systems Limited" from the "Issue Name" dropdown.
Enter either the application number or PAN number (application number is recommended).
Complete the CAPTCHA verification.
Click on the "Search" button.
The allotment status will appear on your screen, providing you with the details of your IPO allocation.

Checking via Link Intime Website:

Visit the Link Intime website: Link Intime IPO Allotment Status.
Select "One MobiKwik Systems Limited" in the "Company Name" section.
Enter the required details, such as PAN, application number, or DP/Client ID (application number is recommended).
Click on "Submit."
Your IPO allotment status will then be displayed on your screen.

In addition to checking the allotment status, applicants who did not receive shares will have their refund processed by Tuesday, in line with the 'T+3' rule, where "T" refers to the issue closing date.

Subscription Status

The MobiKwik IPO garnered strong interest, which has led to high expectations in the grey market. The IPO subscription was strong, signalling investor confidence in the company's future prospects. As a result, the grey market is currently offering MobiKwik shares at a premium of Rs 166, a gain of 59% based on the upper price band of the IPO. The grey market premium (GMP) indicates strong demand for the stock and suggests that investors are optimistic about MobiKwik's debut on the stock exchanges.

Grey Market Premium (GMP)

As of today, the MobiKwik IPO GMP stands at Rs 166, translating to an expected listing premium of 59% on the higher end of the issue price. This means that if an investor subscribed to the IPO at the upper price band, they could potentially see a 59% gain when the stock lists on the exchange.

Key Details About IPO

The MobiKwik IPO, which opened for subscription recently, attracted considerable attention from both retail and institutional investors. The company is one of the leading players in India's fintech sector, providing mobile wallets and payment solutions. MobiKwik has established itself as a competitor in the digital payments market.

As per the IPO listing rules, MobiKwik shares are expected to be listed on the stock exchanges within three days of the issue closure, aligning with the 'T+3' rule. The listing is scheduled to happen soon after the shares are credited to the Demat accounts of successful applicants, expected by December 19, 2024.