MobiKwik IPO Fully Subscribed

New Delhi: The initial public offering (IPO) of fintech company One MobiKwik Systems got fully subscribed within an hour of opening of the issue on Wednesday. The initial share sale received bids for 2,16,17,852 shares, as against 1,18,71,696 on offer, translating into 1.82 times subscription, as per data available with NSE till 11:40 hours.

Retail Individual Investors (RIIs) subscribed 7.69 times, while the Non-Institutional Investors (NIIs) portion received 1.55 times subscription. One MobiKwik Systems on Tuesday said it garnered Rs 257 crore from anchor investors. The Rs 572-crore IPO is available for public subscription during December 11 to 13.