MobiKwik's [ONEM.NS] 5.72 billion-rupee ($67.4 million) IPO was snapped up in under an hour on Wednesday as retail investors flooded in, betting on the Indian fintech firm's long-term prospects in a booming online payments market and short-term gains once the stock lists.

The IPO of One MobiKwik Systems Limited was quickly oversubscribed within an hour of bidding, primarily driven by retail and Non-Institutional Investors, as per available data.

MobiKwik, the Indian fintech giant, has opened its Initial Public Offering (IPO) with an overwhelming response from investors.

The initial public offering (IPO) of fintech company One MobiKwik Systems got subscribed 7.3 times, receiving an overwhelming response from retail investors, on the first day of sale on Wednesday (December 11, 2024).

ONE-MOBIKWIK-SYSTEMS-IPO:MobiKwik’s $67 million India IPO fully sold in first hour as retail investors rush in

The retail portion of the MobiKwik IPO is booked 6.14 times while the Non-Institutional Investors’ (NIIs) category is subscribed 1.2 times so far. The Qualified Institutional Buyers applied for only 2,

The public issue of Mobikwik was fully subscribed within an hour of opening. This and more in todays ETtech Top 5.

MobiKwik's IPO was fully subscribed within an hour of launch, indicating a successful market debut. (Bajaj) MobiKwik IPO: MobiKwik's initial public offering (IPO) launched on December 11, 2024, and has already been fully subscribed within the first hour.

The IPO is entirely a fresh issue of up to Rs 572 crore and will close on December 13, Friday. Singh further added that promoters are not selling any shares in this IPO.

The ₹572-crore initial public offering (IPO) of One MobiKwik Systems was fully subscribed within an hour of the issue's opening on Wednesday. According to data available (until 11:40am) with the National Stock Exchange,