Mobikwik IPO sails through in the first hour of launch

Mobikwik, based in Gurgaon, has established a price range of Rs 265 to Rs 279 per share for its initial public offering (IPO) worth Rs 572 crore. As of 12.15 pm, retail investors booked nearly 11 times their allocation, while the total issue was subscribed 2.64 times.