Mobikwik IPO Allotment: Check Status and key detail


The eagerly anticipated initial public offering (IPO) of Mobikwik, one of India’s leading digital payment service providers, has reached its crucial stage of allotment. Investors who applied for shares in the IPO are now keen to check their allotment status and understand the next steps. The Mobikwik IPO, which generated significant interest in the market, aimed to raise funds for business expansion and scaling its technology infrastructure.

IPO Overview

Mobikwik’s IPO received mixed reviews during its subscription period. While retail investors showed substantial interest, institutional participation remained moderate. The offering price range was set attractively to appeal to both small investors and financial institutions. The proceeds from the IPO are expected to be utilized for customer acquisition, enhancing Mobikwik’s Buy Now Pay Later (BNPL) segment, and repaying debts.

The final allotment, which determines how many shares an investor is allotted, is based on the subscription demand and the category of the investor.

Checking Mobikwik IPO Allotment Status

The allotment status for Mobikwik IPO can be checked through the registrar’s official portal, Link Intime India Pvt Ltd, a trusted name in IPO management in India. Below are the steps to check your allotment:

1. Visit the Official Link Intime Portal
Navigate to the allotment status page: Link Intime Allotment Status.


2. Enter Required Details
Select “Mobikwik” from the dropdown menu and input your details. You can use one of the following:

PAN Number

Application Number

DP ID and Client ID (for demat accounts)


3. View Allotment Status
After entering the details and solving the CAPTCHA, your allotment status will display on the screen.

Alternatively, investors can also check their allotment status on the BSE IPO Portal by entering similar details.

What If You Are Not Allotted Shares?

In cases where an investor is not allotted any shares, the amount paid during the application will be refunded to their bank account. Refunds are typically processed within 2-3 business days from the allotment date. If there are delays, investors can contact the registrar or their bank for assistance.

Mobikwik IPO Listing Date and Grey Market Premium

Mobikwik’s IPO shares are set to be listed on the stock exchanges shortly after the allotment. The expected listing date is within a week of the final allotment, though the exact date will be announced by the company.

In the grey market, Mobikwik’s shares have been trading at a Grey Market Premium (GMP), which offers a sneak peek into market sentiment ahead of the official listing. Investors should note that GMP trends are volatile and not always indicative of post-listing performance.

Market Sentiment and Key Highlights

Mobikwik’s IPO has drawn attention as it operates in one of the fastest-growing sectors: digital payments. With a strong customer base and an increasing focus on BNPL services, the company has positioned itself as a challenger to larger players like Paytm. However, analysts have expressed concerns over its high valuations and profitability, which may impact its listing performance.

Key points include:

Mobikwik reported significant growth in its user base and transaction volumes.

The IPO is seen as a test of investor confidence in fintech startups after mixed results in the sector.

Registrar and Contact Details

Investors can reach out to Link Intime for any queries regarding the allotment or refunds.

Helpdesk Email: [email protected]

Phone:
(0) 810 811 4949


Conclusion:

The Mobikwik IPO allotment status marks a critical milestone for investors and the company. While some investors are keen on securing allotment, others remain watchful of the listing performance. As with any IPO, potential investors are advised to evaluate their risk appetite and remain updated on Mobikwik’s financial and market performance.

For real-time updates and allotment status, visit the Link Intime IPO portal or consult with your broker for personalized support.

You can check another analysis of Emerald Tyres.

Vishwa Shandilya

Vishwa Shandilya is a dynamic and free-spirited author, news writer, and analyst renowned for her engaging writing style and sharp insights. With a knack for storytelling and a passion for uncovering the truth, Vishwa covers a wide range of topics, including current affairs, global events, and social issues

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