Mobikwik IPO Details
The key details of Mobikwik’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹572 Cr |
| Price Range | ₹265 - ₹279 |
| Retail Quota | 10% |
| QIB Quota | 75% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE and BSE |
| Minimum Quantity | 53 |
| Investment (cut-off price) | ₹14,787 |
| Pre IPO Promotor Holding | 32.96% |
| Post IPO Promotor Holding | Update soon |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Mobikwik IPO Timelines
The IPO process for Mobikwik includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
11/12/2024
Start Date13/12/2024
End Date17/12/2024
Refund Initiation17/12/2024
Credit of Shares to Demat Ac18/12/2024
Listing DateMobikwik IPO Lot Size
The Mobikwik IPO has a fixed lot size of 53 shares, at an upper price band of ₹279 per share, requiring ₹14,787 per lot for retail investors. Retail investors can apply for a maximum of 689 shares worth ₹192,231. For Small HNI (S-HNI), the minimum application starts at 742 shares (₹207,018) up to 3,551 shares (₹990,729), while Big HNI (B-HNI) requires a minimum of 3,604 shares amounting to ₹1,005,516.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 53 | ₹14,787 |
| Retail Maximum | 13 | 689 | ₹192,231 |
| S-HNI Minimum | 14 | 742 | ₹207,018 |
| S-HNI Maximum | 67 | 3551 | ₹990,729 |
| B-HNI Minimum | 68 | 3604 | ₹1,005,516 |
Mobikwik IPO Subscription Status
The subscription status for Mobikwik IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 125.82x | 114.71x | 141.79x | -- | 125.69x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹440 | ₹528 | ₹528 | ₹440 |
Mobikwik IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2021 | ₹288.57 | ₹404.07 | -₹111.30 |
| FY 2022 | ₹526.57 | ₹658.63 | -₹128.16 |
| FY 2023 | ₹539.47 | ₹617.04 | -₹83.81 |
| FY 2024 (6 M) | ₹381.09 | ₹366.83 | ₹9.48 |
About Company
MobiKwik is a prominent Indian financial technology company specializing in digital payments and Buy Now Pay Later (BNPL) services. Founded in 2009, it has gained popularity for facilitating seamless mobile payments and addressing the credit needs of a growing online consumer base. The platform allows users to load money into a mobile wallet, make payments, and access various financial products, including personal loans, investments, and insurance. MobiKwik’s offerings include peer-to-peer payments via UPI, its subsidiary payment gateway Zaakpay, and MobiKwik Zip, a flagship BNPL solution that simplifies digital transactions.
The company operates through two main segments: Payments and Financial Services. Its Payments Business encompasses services like bill payments, recharges, and transactions at both online and offline merchants. Meanwhile, the Financial Services Business offers credit products such as MobiKwik ZIP for interest-free pay-later options and ZIP EMI for personal loans. Additionally, MobiKwik provides investment products like Lens for financial management and Xtra for alternative investments. With a strong user base of over 156 million registered users, MobiKwik is committed to democratizing access to financial services across India.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2008 | Banking | Bipin Preet Singh |
Know Before Investing
Mobikwik IPO Strengths
- MobiKwik extends innovative products to its customer base. For example, MobiKwik offers instant small-ticket loans, EMI payment options, and insurance policy covers besides regular online bill payment and recharge.
- Increase in inflationary levels, and a slow down in economic growth can increase volatility in the financial market. In turn, it could stagnate the company’s growth.
- Intense competition in fintech space exposes MobiKwik to the constant fear of losing market shares to its peers. With newer offerings and better customer experience, MobiKwik’s competitors could eat into the company’s existing customer base.
- Change in domestic laws regarding taxation or legal compliance could impact MobiKwik’s plans negatively.
Mobikwik IPO Risks
- Lack of regulations against online fraud increases the threats of security breaches and cyberattacks. This poses a potential threat to the company’s reputation.
- Irregularities in compliance with RBI, system failure and inability to cross-sell insurtech could emerge as big challenges.
- This could hamper its ability to access growth capital and keep its cash flow stream continuous.
Swot Analysis for Mobikwik IPO
Strengths
Strong Brand Recognition, Diverse Financial Services, Large User Base, Innovative Technology
Weaknesses
Recent Security Breaches, Profitability Challenges, High Competition
Opportunities
Growing Digital Payment Market, Expansion Potential, Technological Advancements
Threats
Regulatory Changes, Economic Volatility, Cybersecurity Risks
Company Details
ONE MOBIKWIKSYSTEMS PRIVATE LIMITED
5th Floor, HUDA City Centre,
Metro Station, Sector 29, Gurugram,
Gurgaon, Haryana, 122 001
Tel.: +91 (124) 640 9190
E-mail: cs@mobikwik.com
Website: https://www.mobikwik.com/ir
IPO Registar Details
Link Intime India Private Limited
Tel: +91 22 4918 6200
E-mail: mobikwik.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
FAQs
The key objectives of Mobikwik IPO are:
- To prepay/repay the company’s outstanding borrowings, either full or partially.
- Meeting organic or inorganic growth initiatives.
- To address corporate objectives.
DAM Capital Advisors Ltd. is the book-running lead managers for the Mobikwik IPO.