Mobikwik share price soars 90% on debut day. Should you stay invested or book listing gains?

Mobikwik share price witnessed a strong stock market debut on Wednesday, December 18, defying weak market sentiment and surpassing grey market expectations for its listing price. With an impressive subscription rate of over 119 times, the Mobikwik IPO garnered significant attention from investors.

Mobikwik share price opened at ₹442.25 on the BSE, up 58.5 per cent compared to the issue price of ₹279. The stock, however, surged to the level of ₹530.70 during the session, rising over 90 per cent from its issue price. Finally, the stock closed at ₹530.30, up 90.07 per cent against its issue price.