The stock hit the upper circuit and closed at ₹528, a 20% increase from the listing price. Following the gain, the market cap of MobiKwik nearly doubled to ₹4,101 crore when compared to the valuation pegged at the upper end of the issue price.
The gain made by MobiKwik is on expected lines given the public issue was oversubscribed, with bids totalling approximately $4.7 billion, about 120 times the shares offered. Its unlisted shares were also commanding a premium in the grey market.
هذه القصة مأخوذة من طبعة December 19, 2024 من The New Indian Express Bengaluru.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة December 19, 2024 من The New Indian Express Bengaluru.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Ashwin's big spin: Bye to int'l cricket
NTRIGUE and suspense, the moments leading up to the revelation seemed like an episode right out of the pages of mystery books.
Health dept flags 26 meds as misbranded
THE health department has flagged 26 medicines -- eight as spurious or fake and 18 as misbranded -- which are consumed for acidity, pain relief, cholesterol, iron deficiency, and nasal congestion.
Modi raps Cong over demand for Shah's axe
Attacks Kharge claim on Ambedkar's insult
NANA PATEKAR, RANDEEP HOODA JOIN VISHAL BHARDWAJ'S NEXT
Vishal Bhardwaj's yet-to-be-titled film with Shahid Kapoor and Triptii Dimri now has a release date.
I prefer simple stories and fantasy dramas to historical roles'
Kichcha Sudeep is all set to make a return to the silver screen after more than two years with his high-octane action-thriller Max, releasing this Christmas.
UI eyes for 4,000 shows worldwide
PENDRA's return to the director's chair after a nine-year hiatus has sparked immense excitement among fans across India and worldwide.
WINE, VINES & A PERFECT GETAWAY
A long-awaited one-day vineyard getaway from Bengaluru is finally possible now; and it's as delightful as it is unexpected and affordable...
Boy who evolved as a match-winner
BACK then, few would have imagined a young boy from West Mambalam, Chennai, who enjoyed playing tennis ball cricket with his father Ravichandran, would one day go on to play for his state and then take 537 wickets for India in Tests.
Halep gets wildcard for Oz Open qualifier
SIMONA HALEP was handed a wildcard for Australian Open qualifying on Wednesday as the two-time Grand Slam champion attempts to ramp up her return to tennis following a doping ban.
PKL: Tamil Thalaivas rout Warriorz 60-29
MOEIN SHAFAGHI and Himanshu dished out superb performances as Tamil Thalaivas thrashed Bengal Warriorz 60-29 in their Pro Kabaddi League match here on Wednesday.
