Mobikwik Systems IPO is set to open on December 11, 2024, and will close on December 13, 2024. The Mobikwik Systems IPO is a Book Built Issue, aiming to raise approximately ₹572 crores. This includes a fresh issue of ₹572 crores and an offer for sale of up to [.]. The face value of each share is ₹2.
Mobikwik Systems IPO Price band is set between ₹265 to ₹279 per share. The quota allocation is 10% for Retail investors, 75% for Qualified Institutional Buyers (QIB), and 15% for Non-Institutional Investors (HNI). Mobikwik Systems IPO is scheduled to list on BSE & NSE on December 18, 2024, with the allotment announcement on December 16, 2024.
The company reported revenue of ₹539.47 crores in 2024, compared to ₹526.57 crores in 2023. It posted a Profit of ₹83.81 crores in 2024, compared to a Profit of ₹128.16 crores in 2023. Based on the financials, IPO investors are advised to apply for the IPO for gains in the long term.
- Mobikwik Systems IPO Details
- Mobikwik Systems IPO Market Lot
- Mobikwik Systems IPO Dates
- About Mobikwik Systems
- Promoters of Mobikwik Systems
- Mobikwik Systems Financial Report
- Key Performance Indicator
- Peer Group Comparison
- Objective of the Issue
- Mobikwik Systems IPO GMP (Grey Market Premium)
- Mobikwik Subscription Status
- Mobikwik Systems Allotment Status
- IPO Registrar
- IPO Lead Managers
- Mobikwik Systems Contact
- FAQs
- When will the Mobikwik IPO open for subscription?
Mobikwik Systems IPO Details
| Overview Points | Description |
|---|---|
| Company Name | Mobikwik Systems Limited |
| Industry | Financial Technology |
| IPO Issue Type | Book Built Issue |
| Open Date | December 11, 2024 |
| Close Date | December 13, 2024 |
| Total Issue Size | Approx ₹572 Crores |
| Fresh Issue | Approx ₹572 Crores |
| Face Value | ₹2 Per Equity Share |
| Price Band | ₹265 to ₹279 Per Share |
| Listing on | BSE & NSE |
| Lot Size | 53 Shares Per Lot |
| Offer for Sale | Approx [.] Equity Shares |
| Shares Offered to Retail | 10% |
| Shares Offered to QIB | 75% |
| Shares Offered to HNI | 15% |
Mobikwik Systems IPO Market Lot
Mobikwik Systems IPO has a minimum lot size of 53 shares, with an amount of ₹14,787.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 53 | ₹14,787 |
| Retail Maximum | 13 | 689 | ₹1,92,231 |
| S-HNI Minimum | 14 | 742 | ₹2,07,018 |
| B-HNI Minimum | 68 | 3,604 | ₹10,05,516 |
Mobikwik Systems IPO Dates
Mobikwik Systems IPO opens on December 11, 2024, and closes on December 13, 2024. The allotment will be announced on December 16, 2024, and the IPO will be listed on December 18, 2024.
| Event | Date |
|---|---|
| IPO Open Date | December 11, 2024 |
| IPO Close Date | December 13, 2024 |
| Basis of Allotment | December 16, 2024 |
| Refunds | December 17, 2024 |
| Credit to Demat Account | December 17, 2024 |
| IPO Listing Date | December 18, 2024 |
About Mobikwik Systems
Founded in 2009 by Bipin Preet Singh and Upasana Taku, MobiKwik has emerged as a trailblazer in India’s digital finance landscape, offering a comprehensive digital banking platform. Catering to both consumers and merchants, MobiKwik delivers a wide array of financial services, including secure payments, instant digital credit, and diverse investment opportunities.
Simplifying money management, the platform ensures faster, smarter, and more accessible transactions. Driven by a commitment to innovation, MobiKwik focuses on enhancing its value to customers by expanding offerings in digital credit, investments, and insurance. With an ever-growing portfolio, the company aims to deliver tailored financial solutions while boosting profitability. Notably, MobiKwik reported a profit of ₹94.78 million in the six months ending September 30, 2023.
Promoters of Mobikwik Systems
- MR. Bipin Preet Singh
- MRS. Upasana Rupkrishan Taku
- Koshur Family Trust
- Narinder Singh Family Trust
Mobikwik Systems Financial Report
| Period Ended | 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 |
| Reserves and Surplus | 147.21 | 151.15 | 131.26 | 205.1 |
| Total Borrowing | 206.34 | 211.7 | 192.27 | 150.91 |
| Amount in ₹ Crores | ||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | -% |
| ROCE | -% |
| EBITDA Margin | -% |
| PAT Margin | -% |
| Debt to equity ratio | – |
| Earning Per Share (EPS) | –₹14.66 (Basic) |
| Price/Earning P/E Ratio | N/A |
| Return on Net Worth (RoNW) | -59.09% |
| Net Asset Value (NAV) | ₹24.80 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| One 97 Communications Ltd | (27.50) | (23.11) | (13.67) | 205.00 | 84,00.00 Cr. |
| Affirm Holdings, Inc^ | (267.20) | (15.74) | (38.25) | 682.96 | 12,703.88 Cr. |
| PayPal Holdings, Inc.* | 168.00 | 28.11 | 11.52 | 1427.75 | 220,144.00 Cr. |
Objective of the Issue
- The funds will be utilized to drive growth in their financial and payment services businesses, invest in data, machine learning, AI, and technology advancements, support capital expenditure for their payment devices business, and address general corporate purposes.
Mobikwik Systems IPO GMP (Grey Market Premium)
To check real-time Grey Market Premium (GMP on IPO) of Mobikwik Systems, please visit the IPO GMP page.
Mobikwik Subscription Status
This IPO subscription kicks off on December 11, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Mobikwik Systems Allotment Status
To check the Mobikwik Systems IPO allotment status, visit the IPO registrar website Link Intime or go to the IPO Allotment page.
IPO Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: mobikwik.ipo@linkintime.co.in
Website: www.linkintime.co.in
IPO Lead Managers
DAM CAPITAL ADVISORS LIMITED
One BKC, Tower C, 15th Floor, Unit No.1511,
Bandra Kurla Complex, Bandra (East), Mumbai 400051
Phone: +912242022500
Email: mobikwik.ipo@damcapital.in
Website: www.damcapital.in
Mobikwik Systems Contact
ONE MOBIKWIK SYSTEMS LIMITED
Unit 102, 1st Floor, Block-B, Pegasus One,
Golf Course Road, Sector-53, Gurugram, Haryana-122003
Phone: +91 (124) 490 3344
Email: ipo@mobikwik.com
Website: www.mobikwik.com/ir
FAQs
What is the Mobikwik IPO?
Mobikwik IPO is a main-board offering through which the company aims to raise ₹572 crore. The price band for the issue is set at ₹265 to ₹279 per equity share, and the IPO will be listed on both BSE and NSE.
When will the Mobikwik IPO open for subscription?
The IPO will open for subscription on December 11, 2024, for Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Investors. The subscription period will close on December 13, 2024.
What is the Mobikwik IPO investors’ allocation?
The allocation for investors is divided into 75% for QIBs, 15% for NIIs, and 10% for Retail Investors.
How can you apply for the Mobikwik IPO?
You can apply for the Mobikwik IPO through ASBA (Applications Supported by Blocked Amount) online via your bank account. Alternatively, you can use the UPI facility through your stock broker or submit an offline application through your stock broker.
What is the Mobikwik IPO issue size?
The total issue size for the Mobikwik IPO is ₹572 crore.
Note: Mobikwik IPO price band and date have been officially announced. Mobikwik Systems IPO Grey Market Premium (GMP) will be added to the IPO GMP page as soon as it becomes available.
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