Mobikwik IPO oversubscribed 119 times, GMP soared almost 60%: What fuelled investor frenzy? | Stock Market News
Source: Live Mint Mobikwik IPO: A subscription rate exceeding 100 times for a mainboard issue is no small accomplishment. The IPO of One Mobikwik Systems, which opened for subscription on December 11 and closed on December 13, was oversubscribed nearly 120 times, with the stock soaring to a grey market premium (GMP) of ₹166. Three…