12/12/2024, 2:53:04 pm

Mobikwik IPO GMP rises over 17% in 6 days; issue subscribed over 11 times

The grey market premium of Mobikwik IPO surged by 17.57 percentage points in less than a week. The company’s shares were trading at a premium of Rs 149 to the issue price, or 53.41%, in the grey market. On December 06, the stock of Mobikwik was selling at a premium of a bit less than 36% in the grey market. The current GMP indicates that the company’s stock might list at Rs 428 on the bourses.