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.
Esta historia es de la edición December 19, 2024 de The New Indian Express Kochi.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición December 19, 2024 de The New Indian Express Kochi.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Breathe, heal, and reconnect
HERE'S something about stepping into a forest that instantly feels like a breath of fresh air — literally and figuratively. The scent of the moist soil, the rustling of leaves, the distant call of birds — it's as if nature is wrapping you in a quiet embrace, urging you to slow down.
Dhyan Sreenivasan's Oru Vadakkan Therottam gets a first look
THE first look poster of Dhyan Sreenivasan's upcoming film Oru Vadakkan Therottam was shared on Monday.
User-set limits, age-gating for gamers
WITH an aim to safeguard the interests of over 50 crore Indian gamers, three gaming industry bodies- the All India Gaming Federation (AIGF), the Federation of Indian Fantasy Sports (FIFS), and the E-Gaming Federation (EGF), have jointly adopted a code of ethics (CoE).
India Needs To Keep Its Deficit Target Flexible
HE Fiscal Responsibility and Budget Management Act mandates that India's fiscal deficit be limited to 3 percent of GDP.
Week-long film fest @ Changampuzha Park
Film buffs in the city have much to rejoice. A week-long film festival, 'Edappally Chalachitrolsavom', will be held at Changampuzha Park from March 11 to 15.
Special Forces in Kyrgyzstan for military exercises
THE special forces of India and Kyrgyzstan began a fortnight-long Joint Military Exercise, Khanjar-XII, on Monday at Tokmok, Kyrgyzstan.
Row over 'stay indoors' plea to Muslims on Holi
POLITICAL tensions are escalating in Bihar following a senior BJP MLA's request to the minority community to stay indoors during the Holi festival to prevent any untoward incident.
PJ BRINGS UP INACTION ON COMPLAINTS AGAINST EP
Shocks all at CPM state conference, questions impropriety in party not discussing his complaint against former LDF convener E P Jayarajan
VIL Misses Deadline for ₹6,090 Cr Bank Guarantee
TELECOM service provider Vodafone Idea Limited (VIL) has failed to meet the deadline for submitting a ₹6,090 crore bank guarantee.
Tamil Nadu never said yes to NEP: Stalin
CHIEF Minister M K Stalin, in a statement on Monday, slammed Union Education Minister Dharmendra Pradhan for making objectionable remarks against the parliamentarians of Tamil Nadu during the heated exchange in Lok Sabha.
