Mobikwik IPO is a book built issue of Rs 700.00 crores. The issue is entirely a fresh issue of 2.51 crore shares.
Mobikwik IPO opens for subscription on December 11, 2024 and closes 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.
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.
Mobikwik IPO Details
| 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 | |
| Total Issue Size | 25,089,605 shares (aggregating up to ₹700.00 Cr) |
| Fresh Issue | 25,089,605 shares (aggregating up to ₹700.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 57,184,521 |
| Share holding post issue | 82,274,126 |
Mobikwik IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not Less than 75% of the Net Issue |
| Retail Shares Offered | Not more than 10% of the Net Isssue |
| NII (HNI) Shares Offered | Not more than 15% of the Net Isssue |
Mobikwik IPO Timeline (Tentative Schedule)
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 |
Mobikwik IPO Promoter Holding
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 |
About One Mobikwik Systems Limited
Incorporated in 2009, Mobikwik is a technology-driven Fintech company and is among one of the largest mobile wallets (MobiKwik Wallet) and Buy Now Pay Later (BNPL) players in India.
The company offers various payment services, allowing consumers to Pay utility bills (e.g., mobile recharges, electricity, credit card bills), Make payments at online and offline merchants (retail, fuel pumps), Transfer money to phone numbers, UPI IDs, or bank accounts, Check bank balances, scan QR codes, and pay using UPI or Rupay credit.
As of September 30, 2023, the company operates a two-sided payments network, comprising 146.94 million registered users and 3.81 million merchants, enabling both online and offline payments. As they expand their platform with new offerings in digital credit, investments, and insurance, the consumer base continues to grow, further enhancing their services.
Through in-house models and strategic partnerships with lending partners, the company has developed innovative products such as MobiKwik ZIP, ZIP EMI for consumers, and Merchant Cash Advance for merchants. These offerings leverage digital public infrastructure (DPI) like Aadhaar, E-Nach, Digi-locker, and NSDL to create seamless, digital-first consumer experiences.
As of September 30, 2023, They had 1233 employees, including 604 permanent employees and 629 contract employees.
Their range of products includes:
- Online Checkout for E-commerce Merchants: Enables merchants to accept payments through all major modes, including UPI, wallets, cards, and pay-later options.
- Scan and Pay with Kwik QRs: Allows retail merchant partners to accept payments via UPI, wallets, cards, and pay-later options using QR codes.
- MobiKwik Vibe (Soundbox): A QR-enabled device that announces payment confirmations for merchants, enhancing the customer experience.
- MobiKwik EDC Machine: A point-of-sale terminal that allows merchants to accept all in-person payment modes, including credit cards, debit cards, and UPI.
- Merchant Cash Advance: A flagship credit product that provides accessible, affordable credit to merchants using the company’s payment solutions for their business needs.
Their payments services products for the consumers (via UPI, MobiKwik Wallet, cards, and pay-later):
- Recharge and Bill payments: Consumers can search for the relevant utility services and pay their bills, such as mobile recharges, electricity bills, Fastags, credit card bills, etc.
- Payments at online e-commerce merchants.
- Payments at offline Merchants like organized retail and fuel pumps.
- Transfer money to any other phone number, contact, UPI ID, or bank account. Consumers can also check their bank balance, scan QRs to pay others, or pay via bank or Rupay credit through UPI.
MobiKwik ZIP is a flagship product that lets consumers buy now, and pay later within 30 days, offering flexibility and easy repayment options.
Their Financial Services products for the consumers:
- The Digital credit products include MobiKwik ZIP, ZIP EMI,
- Investment products include Lens, Xtra, mutual funds, and digital gold.
Their Strengths are:
- Empowering Journeys through the Company’s legacy of providing positive and sustainable consumer experience
- Efficient operational management of loan products distributed by them.
- The trust in their brand
- Technology and product first approach to business
Company FinancialsKey Performance Indicator
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 |
Check Mobikwik IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.46 | -3.22 |
| P/E (x) | 113.32 | -86.75 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 2024 that is available in RHP.
Objects of the Issue (Mobikwik IPO Objectives)
The Company proposes to utilise the Net Proceeds towards the following objects:
- Funding growth in the financial services business
- Funding growth in the payment services business
- Investment in data, ML, AI, product and technology
- Capital expenditure for the payment devices business
- General corporate purposes
Mobikwik IPO Prospectus
One Mobikwik Systems Limited Contact Details
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
Mobikwik IPO Registrar
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