The issue, an entirely a fresh issue of up to Rs 572 crore, open from Dec 11 to 13, 2024.
MUMBAI, Dec 10 (The CONNECT) – Buy Now Pay Later (BNPL) fintech platform One MobiKwik Systems Limited has garnered Rs. 257 crores from anchor investors ahead of its initial public offering that opens for public subscription tomorrow.
The company informed the bourses that it allocated 9.2 million equity shares at Rs. 279 per share to anchor investors today.
Foreign and Domestic Institutions who participated in the anchor included marquee names Government Pension Fund (Norges Fund), Eastspring Investments, Morgan Stanley Investments, White Oak Capital, 360 One Asset & Wealth Management, HDFC MF, Axis MF, SBI MF and SBI General Insurance
SBI Capital Markets Limited, and DAM Capital Advisors Limited are the book-running lead managers, and Link Intime India Private Limited is the registrar of the issue.
IPO Details
The IPO, an entirely a fresh issue of up to Rs 572 crore with no offer for sale component, closes on Friday, December 13, 2024. The price band for the Offer has been determined at Rs 265 – Rs 279 per equity share.
Investors can bid for a minimum of 53 equity shares and in multiples of 53 equity shares thereafter.
The issue is being made through the book-building process, wherein not less than 75% of the issue shall be available for allocation on a proportionate basis to qualified institutional buyers, not more than 15% of the issue shall be available for allocation to non-institutional investors, and not more than 10% of the issue shall be available for allocation to retail individual bidders.
Over the years, the company said, it has amassed over 156 million Registered Users and more than 4.1 million e-commerce, physical retail, and biller partners.
