MobiKwik is set to launch its initial public offering (IPO) from December 11 to December 13, 2024, aiming to raise approximately ₹572 crores. As a prominent fintech company, MobiKwik offers a range of digital payment solutions, including mobile wallets and buy now, pay later (BNPL) services, catering to over 161 million registered users and 4.26 million merchants. The IPO will consist of a fresh issue of shares priced between ₹265 and ₹279 each. With the increasing adoption of digital payments in India, MobiKwik is well-positioned to capitalize on this trend.
₹160
₹279
₹440
Expert Opinions
Market sentiment for the MobiKwik IPO is optimistic, reflecting the growing interest in fintech solutions amid India’s digital transformation. Company strengths include a strong brand presence with over 161 million registered users and a diverse range of services, such as digital wallets, BNPL options, and insurance products, which enhance customer engagement and retention.
However, risks and challenges involve intense competition from established players like Paytm and regulatory hurdles that could impact growth. The valuation analysis indicates a post-issue P/E ratio of 86.7x, which may seem high but reflects the company’s potential in a rapidly evolving market. From a long-term investment perspective, MobiKwik is well-positioned to benefit from the increasing adoption of digital payments and financial services in India.
Investor Considerations
Investors considering the MobiKwik IPO should evaluate several important factors. Company performance and fundamentals reflect a significant turnaround, with FY24 revenues reaching ₹875 crore and a profit of ₹14 crore, marking MobiKwik’s first profitable year after years of losses. The sector outlook for fintech remains robust, driven by increasing digital payment adoption and the expansion of services like Buy Now Pay Later (BNPL).
The IPO valuation is set between ₹265 and ₹279 per share, positioning the company at approximately ₹1,660 crore, a notable decline from its previous peak valuation of $924 million in 2021. Growth prospects are promising, with plans to diversify into financial products and enhance technological capabilities. However, risk factors include intense competition from established players and regulatory challenges that could impact operations. A long-term investment horizon is advisable as MobiKwik aims to leverage its growing user base and expand its service offerings in the evolving fintech landscape.
| Date | GMP | Trend |
|---|---|---|
| 17 Dec 2024 12.08 | ₹160 | --- |
| 16 Dec 2024 17.54 | ₹160 | --- |
| 15 Dec 2024 13.22 | ₹160 | --- |
| 14 Dec 2024 17.12 | ₹160 | Up |
| 13 Dec 2024 11.20 | ₹150 | --- |
| 12 Dec 2024 12.49 | ₹150 | Up |
| 11 Dec 2024 10.50 | ₹130 | --- |
| 10 Dec 2024 11.30 | ₹130 | Up |
| 09 Dec 2024 16.29 | ₹110 | Up |
| 06 Dec 2024 19.26 | ₹60 | Up |
| 05 Dec 2024 11.01 | ₹00 | --- |
| 04 Dec 2024 11.04 | ₹00 | --- |
| 03 Dec 2024 11.33 | ₹00 | --- |
| 02 Dec 2024 11.17 | ₹00 | --- |
| 01 Dec 2024 11.36 | ₹00 | --- |
| 30 Nov 2024 13.14 | ₹00 | --- |
| 29 Nov 2024 15.41 | ₹00 | --- |
| 28 Nov 2024 11.24 | ₹00 | --- |
| 27 Nov 2024 11.56 | ₹00 | --- |
| 26 Nov 2024 11.07 | ₹00 | --- |
| 25 Nov 2024 11.30 | ₹00 | --- |
| 23 Nov 2024 11.32 | ₹00 | --- |
| 21 Nov 2024 11.02 | ₹00 | --- |
| 15 Nov 2024 16.37 | ₹00 | --- |
FAQs
The Grey Market Premium showed exceptional accuracy in predicting Mobikwik’s listing performance. The GMP of ₹160 predicted a premium of 57.35% over the issue price, and the stock delivered a very similar gain of 57.71%. With a minimal prediction error of just 0.23%, the GMP precisely captured both the direction and magnitude of the listing gains, proving to be a highly reliable indicator in this case.
MobiKwik IPO Current GMP is ₹160.
MobiKwik IPO Expected Returns is 57.35%.
MobiKwik IPO estimated listing price is ₹439.