India's MobiKwik extends gains after stellar trading debut

Vishal Mega Mart

19/12/2024 06:58

** Shares of One MobiKwik Systems  ONEM.NS  gain 8.3% to 572
rupees
    ** Stock surged 86% in trading debut on Wednesday to 518
rupees vs offer price of 279 rupees, valuing the fintech firm at
$474 mln
    ** ONEM only stock among the three listed on Wed to extend
gains on Thurs    
    ** ONEM's peers in listing, budget retailer Vishal Mega Mart
 VSSL.NS  and drugmaker Sai Life Sciences  SAIE.NS , down 2%
each
** ONEM's $67 mln IPO was subscribed 120 times last week with
bids worth $4.7 bln
     

(Reporting by Kashish Tandon in Bengaluru)
((Kashish.tandon@thomsonreuters.com))