One Mobikwik Systems, the digital banking platform, mobilised Rs 257.4 crore of the Rs 572-crore initial share sale via anchor book on December 10. This will be among three companies (Vishal Mega Mart and Sai Life Sciences) opening IPO subscriptions for the public on December 11 and closing on December 13.
The IPO involves the company's entirely fresh issue of 2.05 crore equity shares. The price band for the offer is Rs 265-279 per share.
"....has finalised allocation of 92,25,807 equity shares to anchor investors at a price of Rs 279 per share," Mobikwik said in its filing to exchanges on Tuesday.
Leading institutional investors like Morgan Stanley, Eastspring Investments, and Government Pension Fund Global invested in the company via anchor book.
SBI Mutual Fund, Quant Mutual Fund, HDFC Mutual Fund, Whiteoak Capital, Ashoka India, Axis Mutual Fund, 360 ONE Equity Opportunity Fund, Bandhan MF, and SBI General Insurance Company among others have also been allocated shares in the anchor book.
"Out of the total allocation of 92,25,807 equity shares to the anchor investors, 49,27,984 equity shares were allocated to 6 domestic mutual funds, which applied through a total of 10 schemes," Mobikwik said.
Mobikwik, the platform with a two-sided payments network consisting of consumers and merchants, offers payment and financial services.
The Bipin Preet Singh and Upasana Taku-promoted company will utilise IPO funds (excluding offer expenses) for the financial services business, payment services business, and payment devices business. It will also invest IPO money in data, ML, AI, product and technology, and use the remaining amount for general corporate purposes.
SBI Capital Markets and DAM Capital Advisors are acting as the merchant bankers for the issue.
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