MobiKwik IPO Fully Subscribed Within Minutes Of Opening.

At 11:28 AM, the public issue was oversubscribed 1.76 times with investors placing bids for 1.98 Cr shares against 1.12 Cr shares on offer.

The issue received an overwhelming response from retail investors, who bid for 1.52 Cr shares against 20.50 Lakh shares reserved for them; this translated into an oversubscription of 7.43X.

Ahead of the launch of its IPO, MobiKwik mobilised INR 257.40 Cr via anchor book on December 10.

Credit:inc42.com