Updated – December 11, 2024 at 08:42 AM.

One Mobikwik Systems IPO opens today, Mobikwik Systems IPO GMP Live Updates: The ₹572-crore initial public offering (IPO) of One MobiKwik Systems opens today and closes on December 13. Priced between ₹265-279 per share, investors can bid for a minimum of 53 shares. The IPO has allocated 75% to qualified institutional buyers, 15% to non-institutional investors, and 10% to retail investors. On Tuesday, the company raised ₹257 crore from anchor investors, including names like Morgan Stanley Investments, HDFC MF, and SBI MF. Proceeds will fund organic growth in financial services (₹150 crore), payment services (₹135 crore), R&D in AI/ML and technology (₹107 crore), and capital expenditure for payment devices (₹70.28 crore). With over 161 million registered users and 4.26 million merchants, MobiKwik’s comprehensive platform contributed to a profit of ₹14.08 crore in FY24. The IPO is managed by SBI Capital Markets and DAM Capital Advisors, with Link Intime India Private Limited as the registrar.