Mobikwik IPO Details: All You Need to Know About One Mobikwik Systems Limited IPO
Mobikwik IPO is a book built issue of Rs 572.00 crores. The issue is entirely a fresh issue of 2.05 crore shares.
The Mobikwik IPO is a highly anticipated initial public offering by One Mobikwik Systems Limited, a leading fintech company in India. The IPO opens for subscription from December 11, 2024, to December 13, 2024, offering investors an opportunity to invest in a fast-growing digital payments and lending platform.
Mobikwik IPO Overview
- IPO Size: ₹572.00 Crores
- Fresh Issue: 2.05 Crore Shares (100% fresh issue)
- Price Band: ₹265 to ₹279 per share
- Minimum Lot Size: 53 Shares
- Minimum Investment for Retail Investors: ₹14,787
- IPO Type: Book Built Issue IPO
- Listing Exchanges: BSE and NSE
- Face Value: ₹2 per share
Mobikwik IPO Timeline
| Event | Date |
|---|---|
| IPO Open Date | December 11, 2024 |
| IPO Close Date | December 13, 2024 |
| Basis of Allotment | December 16, 2024 |
| Initiation of Refunds | December 17, 2024 |
| Credit of Shares to Demat | December 17, 2024 |
| Listing Date | December 18, 2024 |
Mobikwik IPO Lot Size
Investors can apply for the Mobikwik IPO in multiples of 53 shares. Below is the investment breakdown:
| Category | Lot Size | Shares | Investment Amount |
|---|---|---|---|
| Retail (Min) | 1 | 53 | ₹14,787 |
| Retail (Max) | 13 | 689 | ₹192,231 |
| S-HNI (Min) | 14 | 742 | ₹207,018 |
| B-HNI (Min) | 68 | 3,604 | ₹1,005,516 |
Mobikwik IPO Reservation Details
| Investor Category | Reservation Percentage |
|---|---|
| QIB | Not less than 75% of Net Issue |
| Retail | Not more than 10% of Net Issue |
| NII (HNI) | Not more than 15% of Net Issue |
Objects of the Mobikwik IPO
The net proceeds from the IPO will be utilized for:
- Funding growth in the financial services business.
- Funding growth in the payment services business.
- Investment in data, machine learning, artificial intelligence, product, and technology.
- Capital expenditure for the payment devices business.
- General corporate purposes.
About One Mobikwik Systems Limited
Incorporated in 2008, Mobikwik is a leading digital payments and fintech company offering innovative solutions like MobiKwik ZIP, a "Buy Now, Pay Later" (BNPL) service, and Merchant Cash Advance for businesses. The company has a registered user base of over 161 million and supports 4.26 million merchants in accepting payments.
Key Products and Services:
- MobiKwik ZIP: BNPL product for consumers.
- Kwik QR Code Payments: Seamless UPI and card-based transactions.
- Soundbox & EDC Machines: Enhancing merchant payment experience.
- Merchant Cash Advance: Credit solutions for businesses.
Competitive Strengths:
- Strong brand trust and market position.
- Robust technology-driven solutions.
- Efficient management of loan products.
Company Financials
The financial performance of Mobikwik has shown significant improvement:
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Cr) | 908.1 | 854.65 | 714.33 | 836.13 |
| Revenue (₹ Cr) | 345.83 | 890.32 | 561.12 | 543.22 |
| PAT (₹ Cr) | -6.62 | 14.08 | -83.81 | -128.16 |
Mobikwik IPO Promoters
The promoters of Mobikwik are:
- Bipin Preet Singh
- Upasana Rupkrishan Taku
- Koshur Family Trust
- Narinder Singh Family Trust
Why Invest in Mobikwik IPO?
- Innovative Product Portfolio: Offers unique services like BNPL, QR payments, and credit facilities.
- Strong Growth Potential: Growing user and merchant base with significant market opportunities in digital payments.
- Improved Financial Metrics: Revenue growth of 59% in FY2024.
- Robust Technology: Focus on AI, ML, and data-driven solutions to enhance services.
Key Metrics and Valuations
| KPI | Pre-IPO | Post-IPO |
|---|---|---|
| EPS (₹) | 2.46 | -3.22 |
| P/E (x) | 113.32 | -86.75 |
| Debt/Equity Ratio | 0.73 | - |
| RoNW (%) | 8.66% | - |
Investors can refer to the Mobikwik IPO Red Herring Prospectus (RHP) for detailed insights. Stay tuned for updates on allotment status and listing performance.
Disclaimer: Investing in IPOs is subject to market risks. Please consult your financial advisor before investing.
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