Mobikwik IPO
Open MainLineCurrent GMP
₹160 (+57.35%)
Price Band
₹ 265 – 279
Lot Size
53
Issue Size
₹572 Cr
Minimum Investment
₹14787 (53 Shares)
Listing Date
18 December 2024
Subscription
119.38x
About the Company
One Mobikwik Systems Limited, founded by Bipin Preet Singh and Upasana Taku, aims to drive financial inclusion in India through technology. The company operates a platform-based business with a two-sided payments network connecting consumers and merchants. As of June 30, 2024, it has 161.03 million registered users and 4.26 million merchants. Mobikwik’s platform has expanded beyond payments to include digital credit, investments, and insurance products, enhancing both consumer offerings and profitability.
The company has shown impressive growth, with Payment GMV growing at 45.88% annually and MobiKwik ZIP GMV increasing by 112.16% from FY 2022 to FY 2024. Mobikwik's focus on frugal, digital-first innovation has resulted in one of the lowest employee cost-to-revenue ratios in the digital financial services industry.
Mobikwik offers a range of products:
- Payments services: These include bill payments, e-commerce transactions, offline payments, money transfers, and the Pocket UPI for payments without linking a bank account.
- Digital Credit products: Including MobiKwik ZIP (pay-later), ZIP EMI (personal loans), and co-branded credit cards backed by fixed deposits.
- Investment products: Products like Lens (AI-powered financial management), peer-to-peer lending, fixed deposits, and mutual funds.
The company leverages digital public infrastructure (DPI) to create seamless consumer journeys, reaching nearly 99% of India's pin codes. Mobikwik's innovative products use data analytics and machine learning to offer personalized financial solutions based on consumer behavior, needs, and aspirations. Over the years, Mobikwik has earned multiple awards, including the 'Economic Times Most Promising Brands' and the 'Innovative DevOps Excellence' award in 2023.
With a focus on expanding financial inclusion and providing diversified financial products, Mobikwik is evolving into a multi-product financial services platform.
Promoters
- Bipin Preet Singh
- Upasana Rupkrishan Taku
- Koshur Family Trust
- Narinder Singh Family Trust
Promoters Holding
Holding Pre Issue
32.96%
Holding Post Issue
25.18%
Objects of the Issue
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
Address / Contact Info
One Mobikwik Systems Limited
Unit 102, 1st Floor, Block-B,
Pegasus One, Golf Course Road,
Sector-53, Gurugram,
Haryana-122003
Phone: +91 1244903344
Email: ipo@mobikwik.com
Website: https://www.mobikwik.com/ir
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Wednesday, 11 December 2024
IPO Close Date
Friday, 13 December 2024
Basis of Allotment
Monday, 16 December 2024
Initiation of Refunds
Tuesday, 17 December 2024
Credit of Shares to Demat
Tuesday, 17 December 2024
Listing Date
Wednesday, 18 December 2024 — NSE & BSE
Important Dates
Open Date
11 December 2024
Close Date
13 December 2024
Basis Of Allotment
16 December 2024
Listing Date
18 December 2024
Financial Performance (₹ in Crores)
| Particular | 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 | 216.54 | 142.69 | 162.59 | 158.65 |
| Reserve & Surplus | 147.21 | 151.15 | 131.26 | 205.1 |
| Total Borrowings | 206.34 | 211.7 | 192.27 | 150.91 |
EPS Pre
2.46%
EPS Post
-3.22%
P/E Pre
113.32
P/E (Post Issue)
-86.75x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 0 |
| ROCE % | 0 |
| Debt / Equity | 0.73 |
| RoNW % | 8.66 |
| PbW | 9.81 |
| Pat Margin % | 0 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 9225807 | 45 | 0 |
| Qualified Institutions | 6150538 | 30 | 0 |
| Non-Institutional | 3075269 | 15 | 0 |
| BNII | 2050179 | 10 | 0 |
| SNII | 1025089 | 5 | 0 |
| Retail Investors | 2050179 | 10 | 0 |
| Total | 20501793 | 100 | 0 |
Subscription Status ( Fri, 13 Dec 24 01:02 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 6475471 | 773842188 | 119.5x |
| Non-Institutional | 3237735 | 352749556 | 108.95x |
| BNII | 2158490 | 224912973 | 104.2x |
| SNII | 1079245 | 127836583 | 118.45x |
| Retail Investors | 2158490 | 290673942 | 134.67x |
| Total | 11871696 | 1417265686 | 119.38x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 53 | 14,787.00 |
| Retail (Max) | 13 | 689 | 192,231.00 |
| S-HNI (Min) | 14 | 742 | 207,018.00 |
| S-HNI (Max) | 67 | 3,551 | 990,729.00 |
| B-HNI (Min) | 68 | 3,604 | 1,005,516.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
- SBI Capital Markets Limited
- Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Mobikwik IPO is a Book-building IPO worth ₹572 crores. The price band is ₹265 to 279 per share. The IPO opens on Wed, Dec 11, 2024 and closes on Fri, Dec 13, 2024. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.
The Mobikwik IPO opens on Wed, Dec 11, 2024 and closes on Fri, Dec 13, 2024
Mobikwik IPO Price Band is ₹265 to 279.
Mobikwik IPO lot size is 53, and the minimum amount required for application is ₹14787.
The minimum investment for Mobikwik IPO is approximately ₹14787 based on the upper price band.
To apply for the Mobikwik IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Dec 13, 2024. After submission, funds are blocked until the basis of allotment of Mobikwik IPO is finalised.
Mobikwik IPO issue size is ₹572 crores.
Mobikwik IPO allotment date is Sat, Jun 27, 2026.
The registrar for Mobikwik IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to Mobikwik IPO through their official website or helpline.
The Mobikwik IPO GMP (Grey Market Premium) is ₹160 as of Wed, Dec 18, 2024. Based on the upper price band of ₹279 per share, the estimated Mobikwik IPO listing price is ₹439, indicating a potential listing gain of approximately 31% over the issue price.