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.
This story is from the December 19, 2024 edition of The New Indian Express Anantapur.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the December 19, 2024 edition of The New Indian Express Anantapur.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Once Upon A Time!
Here's a look into how Aurangabad can become a unique and enriching New Year holiday getaway destination...
Abu Dhabi announces an array of new destinations and festivals for 2025
From surfing and wellness festivals to the unveiling of several new museums, the UAE capital's diverse attractions make it the ideal getaway for the New Year and beyond...
Heritage Transport Museum in Gurugram Welcomes New Exhibits
For travellers eager to dive into India's cultural and industrial history, the Heritage Transport Museum in Tauru-Gurugram is a must-visit destination.
Booming Bumrah
PACER, WHO BURST ON TO THE SCENE SIX YEARS AGO, HAS GOTTEN BETTER WITH TIME TO BECOME ONE OF THE MOST INFLUENTIAL BOWLERS OF HIS ERA
Where will India captain bat?
IT'S been a question that followed India captain Rohit Sharma from the moment he landed in Perth.
Coaching & playing: Twin role with purpose for badminton nat'l's finalists
SHUTTLERS Lokeshviswanathan and Naveen P's journey is a tale of perseverance, hard work and resourcefulness. In the just-concluded national championships in Bengaluru, the doubles specialists from Tamil Nadu were one of the standout performers as they reached the title match before going down with a fight.
SA eye WTC final in 2-Test series vs Pak
SOUTH AFRICA will be eyeing a place in the World Test Championship final with an all-seam attack against Pakistan in the first Test, starting Thursday.
PL leaders Liverpool host Leicester, Arsenal prepare for life without Saka
CHRISTMAS Premier League chart-toppers Liverpool are overwhelming favourites to see off struggling Leicester on Boxing Day (Thursday).
BPCL to invest ₹6,100 cr for refinery in Andhra
To be one of the largest refineries on East Coast
NFRA penalty on Deloitte, two auditors
THE National Financial Reporting Authority (NFRA) has imposed a fine of ₹2 crore on Deloitte Haskins & Sells as well as penalties on two chartered accountants for lapses in auditing of Zee Entertainment Enterprises during the 2018-19 and 2019-20 financial years.
