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Mobikwik IPO Subscribed Fully In Less Than 90 Mins Of Opening
The Morning Standard
|December 12, 2024
The initial public offer (IPO) of fintech firm One Mobikwik Systems saw strong participation from investors as the issue was fully subscribed in less than 90 minutes of opening on Wednesday.
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At the end of the first day's bidding hours, the issue got subscribed 7.31 times.
The ₹8,000 crore IPO of supermarket chain Vishal Mega Mart saw 51% subscription at the end of the first day of bidding. The company already raised ₹2,400 crore from anchor investors ahead of the IPO opening. The two IPOs will close for subscription on Friday, December 13.
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