Mobikwik IPO Price: Shares of One Mobikwik Systems Ltd, the parent company of payment solutions provider Mobikwik, jumped another 6% after a block deal in the stock on Thursday, December 26. 18.6 lakh shares of Mobikwik or 2.4% of the total equity changed hands in a block deal in the stock on Thursday. The average price of the shares was Rs 635 per share, taking the total transaction price to Rs 118 crore. The stock jumped up to 6.5% after the block deal. The buyer and the seller in the transaction are not officially known. Shares of One Mobikwik Systems are trading up 5% at Rs 638.35. The stock made an intraday high of Rs 648.3.

Mobikwik shares made their stock market debut last Wednesday, December 18, during which the stock rose 90% from its issue price. In the last six trading sessions, Mobikwik shares have declined only once, on December 20.

With Thursday's surge, the stock has gained 130% from its IPO price of Rs 279. MobiKwik's IPO had received a stellar response from investors, as fresh shares worth Rs 572 crore were subscribed more than 100 times the number of shares offered for division to all shareholders.