Thus far in the month of January 2025, the BSE IPO index has tanked 11 per cent, as against 2.6 per cent decline in the BSE Senex.
The Gurugram-based company's total income rose 42 per cent year-on-year (Y-o-Y) to Rs 293.66 crore in Q2FY25 from Rs 206.83 crore in Q2FY24
Mobikwik is slated to announce its Q2 results today. Shares of the company were listed on bourses on December 18, 2024, with a 58.51 per cent premium over the IPO allotment price of Rs 279 on BSE
Stocks to Watch, Jan 7, 2025: From Mobikwik to Nuvoco Vistas, here are few stock that will remain in focus today
One Mobikwik Systems is slated to announce its third quarter ended December 31, 2024, results on Tuesday, January 7, 2025
Till 02:43 PM; total 56.75 million equity shares worth of Rs 3,271 crore changed hands on the NSE, the exchange data shows
MobiKwik's shares made its debut on Wednesday, December 18, 2024. Notably, the share has rallied 36.80 per cent in two days
These stellar debuts came despite the benchmark indices logging continuous declines since their initial public offerings (IPOs) closed on Friday
Mobikwik IPO has garnered an overwhelming response from investors, with bids pouring in for 24,18,36,721 shares against the 1,18,71,696 shares on offer, resulting in an oversubscription of 20.37 times
The strong subscription mirrors trends in the grey market, where Mobikwik's unlisted shares commanded a solid premium on Thursday
As the markets prepare to open, the mood is upbeat. At 6:34 AM, the GIFT Nifty futures are trading 28 points higher at 24,762 levels, hinting at a positive start
Meanwhile, the IPOs of SaiLife and Vishal Megamart were subscribed 0.84 times and 0.5 times, respectively
The Supreme Court today raised concerns over the growing misuse of cruelty laws by married women to harass husbands and in-laws
Retail investors placed bids for nearly five times the shares reserved for them, while the portion for non-institutional investors was fully sold
Mobikwik IPO GMP today: Mobikwik shares were trading at Rs 415 apiece, reflecting a grey market premium (GMP) of Rs 136 or 48.75 per cent per share
Fintech company One MobiKwik Systems on Tuesday said it has garnered Rs 257 crore from anchor investors ahead of its initial public offering (IPO) . Foreign and domestic institutions who participated in the anchor round included Government Pension Fund (Norges Fund), Eastspring Investments, Morgan Stanley Investments, White Oak Capital, 360 One Asset & Wealth Management, HDFC Mutual Fund (MF), Axis MF, SBI MF and SBI General Insurance, according to a circular uploaded on BSE's website. According to the circular, MobiKwik has decided to allocate 92.26 lakh equity shares to 21 funds at Rs 279 apiece, which is also the upper end of the price band. This translates into the transaction size to Rs 257.4 crore. The IPO is entirely a fresh issuance of equity shares worth up to Rs 572 crore with no any offer-for-sale (OFS) portion. The issue, with a price band of Rs 265-279 per share, will be open for subscription during December 11 to 13. As per the Red Herring Prospectus (RHP), Peak XV ..
In FY24, MobiKwik recorded its first fully profitable year, reporting a profit after tax (PAT) of Rs 14.08 crore, following a loss of Rs 83.8 crore in FY23
After Paytm's disappointing performance after listing in 2021, the markets have evolved and the fintech ecosystem has matured with greater regulatory clarity from the RBI
A priority for the company is scaling its payments beyond current levels by acquiring new customers, launching new products, and focusing on offline merchant acquisition
MobiKwik, a digital financial services platform, on Wednesday announced the launch of an Instant Fixed Deposit (FD) product on its mobile app, in partnership with financial services firms. The product aims to simplify the savings process for its users, MobiKwik said in a statement. MobiKwik Fixed Deposits allows users to start investing with as little as Rs 1,000 and earn up to 9.5 per cent returns per annum without opening a new bank account, it said. Users can choose a tenure ranging from 7 days to 60 months depending on their convenience, it said. Premature withdrawals are allowed subject to variations in interest rates as outlined in the terms and conditions of the issuer, it said. Through its partnership with RBI-regulated Small Finance Banks and NBFCs such as Suryoday Small Finance Bank, Bajaj Finance, and others along with technology service provider Blostem, MobiKwik aims to provide security of fixed deposit bookings made on its platform, it added.