One Mobikwik Systems lists with 59% premium on the BSE
One Mobikwik Systems has debuted at Rs 442.25 on the BSE, up by 163.25 points or 58.51% from its issue price of Rs 279.00.
The scrip is currently trading at Rs 495.40, up by 216.4 points or 77.56% from its issue price.
It has touched a high and low of Rs 524.00 and Rs 439.20 respectively. So far 1.45 lakh shares were traded on the counter.
The offering, which was open for subscription between December 11, 2024 and December 13, 2024 was subscribed 119.38 times. The issue price was fixed at Rs 279.00 per share i.e. at upper end of price band of Rs 265-279 apiece.
One Mobikwik Systems is a platform business at its core, that has a two-sided payments network, consisting of consumers and merchants. The company’s aim is to leverage technology as the primary factor to facilitate financial inclusion for the underserved population in India.
