Mobikwik IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Wed, 11 Dec 2024
Close Date
Fri, 13 Dec 2024
Price Band
₹ 265 – 279
Lot Size
53
Issue Size
₹ 572.00 Cr
Minimum Investment
₹ 14,787 (53 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Mobikwik IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹572.00 Crore, comprising a fresh issue of 2.05 Crore equity shares aggregating to ₹572.00 Crore.
The Mobikwik IPO remained open for subscription from December 11, 2024, to December 13, 2024. The basis of allotment was finalized on December 16, 2024, and the company's shares were listed on the NSE and BSE on December 18, 2024.
The company had fixed the price band at ₹265 to ₹279 per share, with a lot size of 53 shares. Retail investors were required to make a minimum investment of ₹14,787 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited served as the registrar to the issue. SBI Capital Markets Limited, and Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, One Mobikwik Systems Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Mobikwik IPO Timeline (Tentative)
- IPO Open Date
- Wed, 11 Dec 24
- IPO Close Date
- Fri, 13 Dec 24
- Basis of Allotment
- Mon, 16 Dec 24
- Initiation of Refunds
- Tue, 17 Dec 24
- Credit of Shares to Demat
- Tue, 17 Dec 24
- Listing Date
- Wed, 18 Dec 24 — NSE & BSE
Open Date
11 December 2024
Close Date
13 December 2024
Basis Of Allotment
16 December 2024
Listing Date
18 December 2024
IPO Subscription
Check Live Subscription →The Mobikwik IPO has received bids for 1,41,72,65,686 shares against 1,18,71,696 shares offered, resulting in an overall subscription of 119.38x. the NII category is subscribed 108.95x, Retail Investors 134.67x, and QIBs 119.5x. Within the NII category, BNII is subscribed 104.2x, while SNII is subscribed 118.45x.
QIB
119.5x
NII
108.95x
BNII
104.2x
SNII
118.45x
RII
134.67x
Total
119.38x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 20,50,179 shares, representing 10% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 61,50,538 shares (30%), while Non-Institutional Investors (NIIs) receive 30,75,269 shares (15%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 9,225,807 | 45% |
| Qualified Institutions | 6,150,538 | 30% |
| Non-Institutional | 3,075,269 | 15% |
| BNII | 2,050,179 | 10% |
| SNII | 1,025,089 | 5% |
| Retail Investors | 2,050,179 | 10% |
| Total | 20,501,793 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
One Mobikwik Systems Limited KPI Information
| Particular | KPI as of March 31, 2024. |
|---|---|
| Debt / Equity | 0.73 |
| RoNW % | 8.66 |
| PbW | 9.81 |
Peers Comparison
No Peer Comparision Available
About One Mobikwik Systems Limited
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.
Mobikwik IPO 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%
Mobikwik IPO Objective
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
One Mobikwik Systems Limited Address / Contact Details
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
Mobikwik IPO Lot Size
The Mobikwik IPO has a lot size of 53 shares. Retail investors require a minimum investment of ₹14,787 by applying for 1 lot (53 shares). The maximum application allowed for the retail category is 13 lots (689 shares), requiring an investment of ₹1,92,231.
| 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 |
Issue Reservation
- Anchor Investors — 45%
- QIB — 30%
- NII — 15%
- RII — 10%
Book Running Lead Managers
- SBI Capital Markets Limited
- Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Mobikwik IPO?
Mobikwik IPO is a Book-building IPO with a total issue size of ₹572 crore. The Mobikwik IPO price band is ₹265 to 279 per share. The Mobikwik IPO subscription opens on Wed, Dec 11, 2024, and closes on Fri, Dec 13, 2024. The Mobikwik IPO will be listed on the BSE,NSE. MUFG Intime India Private Limited is the registrar for the Mobikwik IPO.
When will the Mobikwik IPO open for subscription?
The Mobikwik IPO opens on Wed, Dec 11, 2024 and closes on Fri, Dec 13, 2024
What is Mobikwik IPO Price Band?
Mobikwik IPO Price Band is ₹265 to 279 per share.
What is Mobikwik IPO Lot Size?
Mobikwik IPO lot size is 53 shares, Retail investors need a minimum investment of ₹14787 based on the upper price band
What is the minimum investment for Mobikwik IPO?
The minimum investment for Mobikwik IPO is ₹14787, based on one lot of 53 shares at the upper price band of ₹279 per share.
How to apply for Mobikwik IPO?
Investors can apply for the Mobikwik IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Dec 13, 2024. The application amount remains blocked until the Mobikwik IPO allotment is finalized.
What is Mobikwik IPO Issue Size?
Mobikwik IPO issue size is ₹572 crores.
What is the Mobikwik IPO Allotment Date?
Mobikwik IPO allotment date is Mon, Dec 16, 2024.
Who is the Mobikwik IPO Registrar?
The registrar for Mobikwik IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Mobikwik IPO allotment status, refund processing, and other IPO-related information.
What is the Mobikwik IPO GMP?
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 57.35% over the issue price.
Who is the Mobikwik IPO Lead Manager?
The book-running lead managers (BRLMs) for the Mobikwik IPO are SBI Capital Markets Limited, and Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd). The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Mobikwik IPO Red Herring Prospectus (RHP).