Mobikwik Shares Soar 116.8% in 2 Days, Delivering Multibagger Returns!

Mobikwik shares have delivered remarkable gains since their listing, rising 116.8% from the issue price of ₹279 within just 2 days. On Thursday, December 19, the stock surged another 14%, reaching a new high of ₹605. This comes after a massive 90% jump on its listing day when it closed at ₹530.30 on the BSE.

IPO Highlights

The ₹572 crore Mobikwik IPO witnessed overwhelming demand, being oversubscribed 125.69 times.

• Retail Investor Portion: Subscribed 141.78 times.
• Qualified Institutional Buyers (QIBs): Booked 125.82 times.
• Non-Institutional Investors (NIIs): Subscribed 114.7 times.

About Mobikwik

Mobikwik, a leading fintech company, offers digital wallet and payment services. Its solutions include utility bill payments, mobile recharges, shopping payments, fund transfers, and UPI-based transactions via QR codes.

Strong Financial Performance

For the year ending March 31, 2024, Mobikwik recorded:

• A 59% year-on-year revenue growth.
• A 117% rise in profit after tax.

On December 19, 2024, One Mobikwik share price opened at ₹536.00, hitting a high of ₹605.00 and a low of ₹523.30 before trading at ₹587.45, up 10.78%.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.