Shares of recently listed One MobiKwik Systems surged over seven percent in the morning session on December 26, as a block deal worth Rs 118 crore took place on the exchanges.
Around 18.6 lakh shares or 2.4 percent of equity in the firm were exchanged in a block deal window, at an average price of Rs 635 per share. Compared to the previous session's closing price of Rs 608.9 per share on the NSE, this represents a premium of around 4.2 percent.
Moneycontrol could not immediately ascertain the buyers and sellers in the deal.
At 10.12 am, shares of One MobiKwik Systems were quoting Rs 652 apiece, up 7.08 percent from the last session's closing price.
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MobiKwik stock listed with a premium of nearly 60 percent on December 18 after a bumper response to its issue. The public issue by the Gurugram-based firm was entirely a fresh issuance of equity shares worth up to Rs 572 crore with no offer-for-sale (OFS) component.
One MobiKwik Systems Ltd stock listed at Rs 440 per share on the NSE, a significant premium of 57.71 percent against the issue price of Rs 279. Shares of the firm have jumped over 50 percent from its listing price over the past six sessions.
One Mobikwik Systems Limited is a platform business at its core, that has a two-sided payments network, consisting of consumers and merchants. The company’s aim is to leverage technology as the primary factor to facilitate financial inclusion for the underserved population in India.
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