<p>New Delhi: Shares of fintech firm One Mobikwik Systems Ltd on Wednesday listed with a huge premium of over 58 per cent against the issue price of Rs 279.</p>.<p>The stock began the trade at Rs 442.25, reflecting a jump of 58.51 per cent from the issue price on the BSE. Later, it zoomed 87.81 per cent to Rs 524.</p>.MobiKwik IPO fully subscribed within an hour of opening.<p>At the NSE, shares of the firm listed at Rs 440, surging 57.70 per cent.</p>.<p>The company's market valuation stood at Rs 3,435.68 crore.</p>.<p>The initial public offer of One MobiKwik Systems Ltd received a staggering 119.38 times subscription on Friday, amid an overwhelming participation from investors.</p>.<p>The Rs 572-crore initial share sale had a price band of Rs 265-279 per share.</p>.<p>The public issue had a fresh issuance of equity shares worth up to Rs 572 crore with no Offer-for-Sale (OFS) component.</p>.<p>This was the second attempt by the Gurugram-based firm for the public issue following its first attempt in July 2021.</p>.<p>Founded by Bipin Preet Singh and Upasana Taku, MobiKwik -- the company's flagship application -- provides consumers access to various payment options and financial products in digital credit, investments and insurance. </p>
<p>New Delhi: Shares of fintech firm One Mobikwik Systems Ltd on Wednesday listed with a huge premium of over 58 per cent against the issue price of Rs 279.</p>.<p>The stock began the trade at Rs 442.25, reflecting a jump of 58.51 per cent from the issue price on the BSE. Later, it zoomed 87.81 per cent to Rs 524.</p>.MobiKwik IPO fully subscribed within an hour of opening.<p>At the NSE, shares of the firm listed at Rs 440, surging 57.70 per cent.</p>.<p>The company's market valuation stood at Rs 3,435.68 crore.</p>.<p>The initial public offer of One MobiKwik Systems Ltd received a staggering 119.38 times subscription on Friday, amid an overwhelming participation from investors.</p>.<p>The Rs 572-crore initial share sale had a price band of Rs 265-279 per share.</p>.<p>The public issue had a fresh issuance of equity shares worth up to Rs 572 crore with no Offer-for-Sale (OFS) component.</p>.<p>This was the second attempt by the Gurugram-based firm for the public issue following its first attempt in July 2021.</p>.<p>Founded by Bipin Preet Singh and Upasana Taku, MobiKwik -- the company's flagship application -- provides consumers access to various payment options and financial products in digital credit, investments and insurance. </p>