Mobikwik IPO fully subscribed: Retail investors drive demand on Day 1

Mobikwik IPO subscription status: Payment services provider, One Mobikwik Systems, witnessed strong participation from investors for its initial public offering (IPO) as the issue was fully subscribed in less than 90 minutes of opening on Wednesday, December 11, 2024.

Mobikwik IPO received bids for 1,86,90,026 shares against 1,18,71,696 shares on offer, resulting in an oversubscription of 1.57 times, as of 11:21 AM on Wednesday. Retail Individual Investors (RIIs) showed the highest demand, subscribing to their reserved category by 6.65 times. This was followed by Non-Institutional Investors (NIIs), who subscribed 1.34 times, showed the NSE data.