There was a big listing of fintech company, there was a jump in the issue price of the stock.

New Delhi: The IPO of fintech company One Mobikwik Systems has got a strong listing on the stock exchange. The share with the issue price of Rs 279 was listed at Rs 442 with a jump of about 59%. But the rise in the shares of Mobikwik Systems did not stop here, even after this, after purchasing the shares, the shares of Mobikwik Systems have increased by 88 percent to Rs 525. At present the stock is trading at Rs 500 with a rise of 81%.

MobiKwik Systems IPO

MobiKwik Systems' IPO was listed on BSE at Rs 442.25 with a jump of 60%, while on NSE it was listed at Rs 440 with a jump of 59%. With this spectacular listing, the market cap of the company has reached Rs 2927 crore. After the spectacular subscription of MobiKwik Systems IPO, a bumper listing was expected. The IPO of MobiKwik Systems was subscribed 126 times in which the retail category was subscribed 142 times and the institutional investors (QIB) category was subscribed 126 times. The company has raised Rs 572 crore from the market through IPO. MobiKwik Systems had fixed the price band of Rs 265-279 per share for its face value share of Rs 2. What does MobiKwik do?

What does One MobiKwik do?

MobiKwik was formed in 2008 and operates as a credit offering platform that can be used as a digital wallet. With the help of Mobikwik, you can make many types of online payments by adding money to your wallet or linking your bank account with it. This platform gives you facilities like sending and receiving money, mobile recharge, electricity and internet-DTH bill payments and online shopping. Also read…