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Mobikwik IPO

  • Status: Live
  • RHP:
  • ₹ 14,045 / 53 shares

    Minimum Investment

IPO Details

  • Open Date

    11 Dec 2024

  • Close Date

    13 Dec 2024

  • IPO Price Range

    ₹ 265 - ₹ 279

  • IPO Size

    ₹ 572.00 Cr

  • Listing Exchange

    BSE, NSE

  • Listing Date

    18 Dec 2024

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Mobikwik IPO Subscription Status

Last Updated: 12 December 2024 6:10 PM by 5Paisa

One Mobikwik Systems Limited IPO is scheduled to open on 11 December 2024 and close on 13 December 2024. One Mobikwik, a leading fintech company, offers prepaid digital wallets and online payment solutions, serving millions of customers across India.

One Mobikwik IPO offers an opportunity to invest in a rapidly growing fintech pioneer as it aims to strengthen its position in India’s digital payments ecosystem.

Mobikwik IPO Size

Types Size
Total IPO Size ₹572.00 Cr
Offer For Sale -
Fresh Issue ₹572.00 Cr

 

Mobikwik IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 53 ₹14,787
Retail (Max) 13 689 ₹192,231
S-HNI (Min) 14 742 ₹207,018
S-HNI (Max) 67 3,551 ₹990,729
B-HNI (Min) 68 3,604 ₹1,005,516

 

 

Mobikwik IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
QIB 0.89 61,50,538 54,45,485 151.93
NII (HNI) 31.72 9,75,35,529 2,721.24 1,900.56
Retail 68.62 20,50,179 14,06,77,423 3,924.90
Total 21.61 1,12,75,986 24,36,58,437 6,798.07

 

Mobikwik IPO Anchor Allocation

Anchor Bid Date 10 December, 2024
Shares Offered 9,225,807
Anchor portion Size (In ₹ Cr.) 257.40
Anchor lock-in period end date for 50% shares (30 Days) 15 January, 2025
Anchor lock-in period end date for remaining shares (90 Days) 16 March, 2025

1. Funding growth in the financial services business
2. Funding growth in the payment services business
3. Investment in data, ML, AI, product and technology
4. Capital expenditure for the payment devices business
5. General corporate purposes
 

Founded in March 2008, Mobikwik is a leading fintech company offering prepaid digital wallets and comprehensive online payment services.

MobiKwik's product portfolio includes Online Checkout for e-commerce, Kwik QR Scan and Pay, MobiKwik Vibe Soundbox, and the MobiKwik EDC Machine for in-person payments. Its flagship products, MobiKwik ZIP and Merchant Cash Advance offer flexible credit solutions for consumers and merchants. With a robust tech-driven approach, trusted brand presence, and efficient loan operations, Mobikwik continues to empower financial journeys. The company also boasts 19 registered trademarks, further showcasing its focus on innovation and intellectual property.
 

Peers

One 97 Communications Limited
Affirm Holdings Inc
 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY24 FY23 FY22
Revenue 890.32 561.12 543.22
EBITDA -37.22 -55.90 -115.4
PAT 14.08 -83.81 -128.16
Particulars (in Rs. Crores) FY24 FY23 FY22
Total Assets 854.65 714.33 836.13
Share Capital 11.4 11.4 11.4
Total Borrowings 211.7 192.2 150.9
Particulars (in Rs. Crores) FY24 FY23 FY22
Net Cash Generated From / (used in) operating activities 22.1 27.0 -320.6
Net Cash Generated From / (used in) Investing Activities 27.1 -0.7 -84.7
Net Cash Generated From / (used in) financing activities 3.5 18.00 329.4
Net Increase (Decrease) In Cash And Cash Equivalents 8.5 44.3 75.9


Strengths

1. Empowering Journeys through the Company's legacy of providing a positive and sustainable consumer experience
2. Efficient operational management of loan products distributed by them.
3. The trust in their brand
4. Technology and product-first approach to business.

Risks

1. Operations are subject to regulation, oversight, and inspection by the RBI.
2. Security breaches and attacks against the platform.
3. May not be able to maintain the levels of growth.
4. Face substantial and increasingly intense competition in the fintech industry.
 

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FAQs

Mobikwik IPO opens from 11 December to 13 December 2024.

The size of Mobikwik IPO is ₹572.00 Cr.

The price of Mobikwik IPO is fixed at ₹265 to ₹279 per share. 

To apply for Mobikwik IPO, follow the steps given below:

● Login to your 5paisa account and select the issue in the current IPO section    
● Enter the number of lots and the price at which you wish to apply for the One Mobikwik Systems Limited IPO.    
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.

The minimum lot size of Mobikwik IPO is 53 shares and the investment required is ₹14,045.

The share allotment date of Mobikwik IPO is December 16, 2024.

The Mobikwik IPO will be listed on December 18, 2024.

SBI Capital Markets Limited and Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) are the book running lead managers of the Mobikwik IPO, while Link Intime India Private Ltd is the registrar for the issue.