The initial public offer of fintech firm One MobiKwik Systems Ltd received a staggering 119.38 times subscription as the three-day share sale ended on Friday, amid an overwhelming participation from investors.

One MobiKwik Systems'' IPO received a whopping 119.38 times subscription, with strong participation from retail, institutional, and non-institutional investors.

MobiKwik’s IPO continued to see robust demand from investors, with the issue getting oversubscribed 35.59 times on the final day of bidding.

MobiKwik IPO was subscribed 20.41 times on the second day of subscription, with the portion reserved for retail investors booked the highest among the three groups of investors.

One Mobikwik Systems' IPO received a bid for 1,14,84,94,047 shares or 96.74 times against the total issue size i.e. 1,18,71,696 shares so far on the third-day bidding process until 3:39: pm, according to the data from exchanges. The fintech company's IPO window opened on December 11, 2024, and will be closed today (December 13).

MobiKwik's [ONEM.NS] 5.72 billion-rupee ($67.4 million) IPO was snapped up in under an hour on Wednesday as retail investors flooded in, betting on the Indian fintech firm's long-term prospects in a booming online payments market and short-term gains once the stock lists.

PM on the third day of bidding, the MobiKwik IPO had received bids for 50 crore shares shares, surpassing the 1.18 crore shares on offer, according to NSE data.

Here’s how IPOs of Mobikwik Systems, Vishal Mega Mart, Sai Life Sciences have fared: The ₹572-crore IPO of One MobiKwik Systems received an overwhelming response from investors, especially from retailers,