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 IPO 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.
Denne historien er fra December 19, 2024-utgaven av The New Indian Express Tirunelveli.
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Denne historien er fra December 19, 2024-utgaven av The New Indian Express Tirunelveli.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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