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Mobikwik IPO is a book built issue of Rs 572.00 crores. The issue is entirely a fresh issue of 2.05 crore shares.
Mobikwik IPO bidding opened for subscription on December 11, 2024 and will close on December 13, 2024. The allotment for the Mobikwik IPO is expected to be finalized on Monday, December 16, 2024. Mobikwik IPO will list on BSE, NSE with tentative listing date fixed as Wednesday, December 18, 2024.
Mobikwik IPO price band is set at ₹265 to ₹279 per share. The minimum lot size for an application is 53 Shares. The minimum amount of investment required by retail investors is ₹14,787. The minimum lot size investment for sNII is 14 lots (742 shares), amounting to ₹207,018, and for bNII, it is 68 lots (3,604 shares), amounting to ₹1,005,516.
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.
Refer to Mobikwik IPO RHP for detailed information.
| IPO Date | December 11, 2024 to December 13, 2024 |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Price Band | ₹265 to ₹279 per share |
| Lot Size | 53 Shares |
| Total Issue Size | 20,501,792 shares (aggregating up to ₹572.00 Cr) |
| Fresh Issue | 20,501,792 shares (aggregating up to ₹572.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 57,184,521 |
| Share holding post issue | 77,686,313 |
Mobikwik IPO offers 2,05,01,793 shares. 61,50,538 (30%) to QIB, 30,75,269 (15%) to NII, 20,50,179 (10%) to RII and 92,25,807 (45%) to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 92,25,807 (45%) | NA |
| QIB Shares Offered | 61,50,538 (30%) | NA |
| NII (HNI) Shares Offered | 30,75,269 (15%) | |
| bNII > ₹10L | 20,50,179 (10%) | 2,763 |
| sNII < ₹10L | 10,25,089 (5%) | 1,381 |
| Retail Shares Offered | 20,50,179 (10%) | 38,682 |
| Total Shares Offered | 2,05,01,793 (100%) |
Mobikwik IPO raises Rs 257.40 crore from anchor investors. Mobikwik IPO Anchor bid date is December 10, 2024. Mobikwik IPO Anchor Investors list
| Bid Date | December 10, 2024 |
| Shares Offered | 9,225,807 |
| Anchor Portion Size (In Cr.) | 257.40 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 15, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 16, 2025 |
Mobikwik IPO opens on December 11, 2024, and closes on December 13, 2024.
| IPO Open Date | Wednesday, December 11, 2024 |
| IPO Close Date | Friday, December 13, 2024 |
| Basis of Allotment | Monday, December 16, 2024 |
| Initiation of Refunds | Tuesday, December 17, 2024 |
| Credit of Shares to Demat | Tuesday, December 17, 2024 |
| Listing Date | Wednesday, December 18, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 13, 2024 |
Investors can bid for a minimum of 53 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| 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 |
| Lot Size Calculator | |||
Bipin Preet Singh, Upasana Rupkrishan Taku, Koshur Family Trust, and Narinder Singh Family Trust are the company's promoters.
| Share Holding Pre Issue | 32.96% |
| Share Holding Post Issue | 25.18% |
Incorporated in March 2008, Mobikwik is a fintech company providing prepaid digital wallets and online payment services.
The company provides a range of payment services, enabling consumers to:
The company has created innovative products such as MobiKwik ZIP, ZIP EMI for consumers, and Merchant Cash Advance for merchants through in-house models and strategic partnerships with lending partners. These offerings utilize digital public infrastructure (DPI) such as Aadhaar, E-Nach, Digi-Locker, and NSDL to provide seamless and digital-first experiences for consumers.
As of June 30, 2024, the company has 161.03 million registered users and has enabled 4.26 million merchants to make and accept payments both online and offline.
The product range of the company includes the following
MobiKwik ZIP is a flagship product that lets consumers buy now and pay later within 30 days, offering flexibility and easy repayment options.
As of June 30, 2024, the company has 226 permanent employees in its technology function.
As of December 2024, the company had obtained 19 registered trademarks and had applied for 11 trademark applications under the Trade Mark Act of 1999.
Competitive Strengths:
One Mobikwik Systems Limited's revenue increased by 59% and profit after tax (PAT) rose by 117% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
| Assets | 908.1 | 854.65 | 714.33 | 836.13 | ||||||||||||||||||||||||||||||||||||
| Revenue | 345.83 | 890.32 | 561.12 | 543.22 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | -6.62 | 14.08 | -83.81 | -128.16 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 158.65 | 162.59 | 142.69 | 216.54 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 147.21 | 151.15 | 131.26 | 205.1 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 206.34 | 211.7 | 192.27 | 150.91 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
The market capitalization of Mobikwik IPO is Rs 2295.45 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| Debt/Equity | 0.73 |
| RoNW | 8.66% |
| P/BV | 9.81 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.46 | -3.22 |
| P/E (x) | 113.32 | -86.75 |
The Company proposes to utilise the Net Proceeds towards the following objects:
[Dilip Davda] The company is a fintech platform providing services to customers and merchants. It posted growth in its top lines and improving trends in bottom lines till FY24. It is gearing to add other services like investment, insurance to become all finance related services on digital platform, that will add to its revenue and profits going forward. It reported losses for Q1 of FY25 on account of provisioning of pre-funding cost adjustments. Based on FY24 earnings, the issue appears aggressively priced. Well-informed investors may park moderate funds for long term. Read detail review...
One Mobikwik Systems Limited
Unit 102, 1st Floor, Block-B,
Pegasus One, Golf Course Road,
Sector-53, Gurugram, 122 003
Phone: +91 1244903344
Email: ipo@mobikwik.com
Website: https://www.mobikwik.com/ir
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: mobikwik.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Mobikwik IPO is a main-board IPO of 20,501,792 equity shares of the face value of ₹2 aggregating up to ₹572.00 Crores. The issue is priced at ₹265 to ₹279 per share. The minimum order quantity is 53 Shares.
The IPO opens on December 11, 2024, and closes on December 13, 2024.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Mobikwik IPO using UPI as a payment gateway. Zerodha customers can apply in Mobikwik IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Mobikwik IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Mobikwik IPO opens on December 11, 2024 and closes on December 13, 2024.
Mobikwik IPO lot size is 53 Shares, and the minimum amount required is ₹14,787.
You can apply in Mobikwik IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Mobikwik IPO will be done on Monday, December 16, 2024, and the allotted shares will be credited to your demat account by Tuesday, December 17, 2024. Check the Mobikwik IPO allotment status.
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