IPO allotment status aware the investors about the quantity of shares granted to them in an initial public offering (IPO). The procedure of allocation is managed by the IPO registrar. IPO allotment date is the day on which the allocation status is posted on the IPO registrar's website; this is an important part of the IPO process.
A very known financial technology company that specializes in online payment systems and digital wallets, is the IPO of Mobiwik. shares were open for purchase between 11th December 2024, and 13th December 2024 and the distribution of shares happened today,16 December 2024.
MobiKwik IPO Details
The price of their shares when they go public, Mobikwik IPO offers valued ₹572.00 crore and consists exclusively of a new issue of 2.05 crore equity shares. The ipo offered per share range between ₹265 to ₹279, Which was open for subscription from 11th December 2024, and 13th December 2024. Distribute shares to investors is expected to be finalized today. on 18th December 2024 is the estimated date of the shares' listing on the NSE and BSE.
Checking the Allotment Status
Steps to Verify Allotment Status on BSE:
- login to BSE Website
- choose 'Equity' in the Issue Type field.
- Select 'xyz Limited' from the drop-down selection for the issue name.
- Put in your PAN or application number.
- Verify ,I am not a robot' and click on 'Search'.
Check Allotment Status on NSE:
- Choose the IPO bid verification page on the NSE website .
- Choose "MobiKwik IPO" from the dropdown menu, After login.
- Fill in the details, such as application number and PAN card number.
- choose Get Data.
Check on Link Intime India:
- Visit the (https://linkintime.co.in/Initial_Offer/public-issues.html)
- Choose "MobiKwik IPO" from the list of available IPOs.
- One of the four modes- application number, DP/Client ID, PAN, or account number/IFSC- You have to choose one
- Click "Submit" to see the status of your allocation.
Allocation quota for One Mobikwik Systems Ltd
The allocation quotas for each category are shown in the following table, which also includes information on the percentage of total share capital raised as well as the number of shares raised. The targets for retail and HNI investors-
|
Category of Investors |
Allocation of shares under IPO |
|
Reservation for Employees |
0 (0%) |
|
Anchor Allocation |
92,25,806 (45%) |
|
QIB Shares Offered |
61,50,538 (30%) |
|
NII (HNI) Shares Offered |
30,75,269 (15%) |
|
Retail Shares Offered |
20,50,179 (10%) |
|
Total Shares Offered |
2,05,01,792 |
Source of Data : NSE, BSE
Levels of One Mobikwik Systems Ltd. subscriptions
The degree of subscription for each category and the total subscription for One Mobikwik Systems Ltd. are shown in the table below.
|
Category |
Subscription Status |
|
Qualified Institutional Buyers (QIB) |
0.89x |
|
S (HNI) ₹2 lakhs to ₹10 lakhs |
[-] |
|
B (HNI) Above ₹10 lakhs |
[-] |
|
Non Institutional Investors (NII) |
46.7x |
|
Retail Individuals |
73.19x |
|
Employees |
[-] |
|
Overall Subscription |
23.32x |
Source of Data : NSE, BSE
Use of IPO Proceeds
The company will use the net proceeds to achieve a number of goals,
- This includes growing the business for payment and financial services.
- A portion of the money will go toward improving data capabilities, developing artificial intelligence and machine learning technologies, and promoting technological advancements and product development.
- The money raised will also be used for general company requirements and capital developments in the payment devices sector.
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