Mumbai: One MobiKwik Systems Limited has garnered Rs. 257 crores from anchor investors ahead of its initial public offering that opens for public subscription on Wednesday, December 11, 2024. The company informed the bourses that it allocated 9.2 million equity shares at Rs. 279 per share on Tuesday, December 10, 2024, to anchor investors.
Foreign and Domestic Institutions who participated in the anchor included marquee names Government Pension Fund (Norges Fund), Eastspring Investments, Morgan Stanley Investments, White Oak Capital, 360 One Asset & Wealth Management, HDFC MF, Axis MF, SBI MF, SBI General Insurance, among others.
SBI Capital Markets Limited, and DAM Capital Advisors Limited are the book-running lead managers, and Link Intime India Private Limited is the registrar of the issue.
IPO Details
The IPO is entirely a fresh issue of up to Rs 572 crore with no offer for sale component.
The Company is proposing to open its initial public offering of Equity Shares (the “Offer”) on Wednesday, December 11, 2024, and closes on Friday, December 13, 2024. The price band for the Offer has been determined at Rs 265 – Rs 279 per equity share.
The IPO will fetch Rs 572 crore at the upper end of the price band.
Investors can bid for a minimum of 53 equity shares and in multiples of 53 equity shares thereafter.
The issue is being made through the book-building process, wherein not less than 75% of the issue shall be available for allocation on a proportionate basis to qualified institutional buyers, not more than 15% of the issue shall be available for allocation to non-institutional investors, and not more than 10% of the issue shall be available for allocation to retail individual bidders.