One Mobikwik Systems Makes Debut with Shares Gaining 11% on 1st Day of Trading

After an impressive debut on December 18, shares of One Mobikwik Systems gained 11% on its first day of trading on both exchanges. The stock opened at Rs 442.25, which was a 58.5% premium against the offer price of Rs 279.

One Mobikwik Systems reflects investor confidence

With this, the company made a strong start in India's growing online payment market. The successful listing of One Mobikwik Systems reflects investor confidence in the company's growth potential.

Bajaj Broking noted that the strong demand for the stock indicates optimism regarding MobiKwik’s future in the fintech industry.

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"The fintech sector is expected to grow significantly, which positions MobiKwik to capitalize on this upward trend. Overall, the successful listing indicates robust market interest and optimism regarding MobiKwik’s future in the fintech industry," the brokerage informed. [Source: MoneyControl]

With the fintech sector expected to grow significantly, MobiKwik is well-positioned to capitalize on this upward trend and expand its market share.

In a post-IPO comment, MobiKwik's MD and CEO, Bipin Preet Singh, discussed the company's target of transitioning to a more sustainable and profitable growth model. By reinvesting margins back into the business, MobiKwik aims to become a comprehensive fintech platform fuel and introduce new products and services in the coming years.

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Following its bumper debut, One Mobikwik Systems continued to perform well in the market. On December 19, the stock opened around 9% higher and was trading at Rs 588 by 9:44 am, marking a 12% increase from the previous day's closing price.

With a current market cap of Rs 3,870 crore, MobiKwik has established itself as a key player in India's digital payment landscape.

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