Mobikwik IPO (One Mobikwik Systems Limited IPO)
Mobikwik IPO open for bidding on 11th December 2024 and ends on 13th December 2024.
One Mobikwik Systems Limited, incorporated in 2008, is a leading digital financial services platform in India. The company specializes in digital payment solutions, offering mobile wallets, UPI-based payments, and credit products to a diverse customer base. Its innovative approach has positioned it as a pioneer in the Indian fintech industry, enabling seamless and secure transactions.
The company provides tailored digital credit offerings like MobiKwik ZIP and ZIP EMI, catering to the evolving credit needs of individuals and businesses. Additionally, it distributes financial products, including mutual funds, digital gold, and insurance services, enhancing its portfolio and reach across financial verticals.
With a robust customer acquisition strategy, Mobikwik is scaling rapidly, supported by advanced AI-driven analytics and partnerships with leading financial institutions. The platform boasts a substantial user base and growing transaction volume, driving its market leadership. It has 161.03 million registered users and has enabled 4.26 million merchants to make and accept payments both online and offline.
For more details refer to Mobikwik IPO RHP and Mobikwik IPO Pulse Score
Mobikwik IPO Details
| IPO Date | 11th December 2024 to 13th December 2024 |
| Listing Date | 18th December 2024 |
| Face Value | ₹2 per share |
| Price Band | ₹265 to ₹279 per share |
| Lot Size | 53 Shares |
| Total Issue Size | [•] shares (aggregating up to ₹572.00 Cr) |
| Fresh Issue | [•] shares (aggregating up to ₹572.00 Cr) |
| Issue Type | Book Built Issue IPO |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | >75% |
| NII | <15% |
| bNII | 10% |
| sNII | 5% |
| Retail | <10% |
Mobikwik IPO Timeline
| IPO Open | 11th December 2024 |
| IPO Close | 13th December 2024 |
| Basis Of Allotment | 16th December 2024 |
| Initiation of Refunds | 17th December 2024 |
| Credit of Shares to Demat | 17th December 2024 |
| Listing Date | 18th December 2024 |
Fundamentals
Data as of 30th June 2024
| Market Cap | ₹2,295.45 Cr | P/E Ratio- Pre IPO | 113.32 |
| RoNW* | -4.17% | P/E Ratio- Post IPO | -86.75 |
| RoCE* | P/B Ratio | 9.81 | |
| Debt to Equity | 0.79 | PAT Margin |
Note: P/E Ratio -Pre IPO is calculated based on Pre-issue Shareholding and FY Earnings of March 2024. P/E Ratio- Post IPO is calculated based on post-issue shareholding and annualized FY earnings for June 2024. RoCE and RoNW are for three-month period ended June 30, 2024
Mobikwik IPO Objectives
The company proposes to utilize the Net Proceeds towards the funding of the following objects:
- Funding organic growth in our financial services business
- Funding organic growth in our payment services business
- Research and development in data, ML and AI and product and technology
- Capital expenditure for our payment devices business
- General corporate purposes
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