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Mobikwik IPO subscribed over 20 times
Dec 13 2024 6:03PM
The initial public offer (IPO) of One Mobikwik Systems was subscribed 124.81 times on the third and the last day of the share sale on Friday. According to data, the IPO received 1,40,73,03,594 share applications against 1,12,75,986 shares offered during the share sale. 

The portion meant for retail investors was subscribed a huge 136.38 times, while the portion reserved for QIBs saw a subscription rate of 125.82 per cent. The portion allotted to NIIs saw bidding of 114 times an hour before the closure of bidding for the IPO.