Mobikwik IPO – Mobikwik is the one of India’s leading fintech companies, specializes in digital wallets, online payments, and credit solutions. Established in March 2008, the company has grown to serve over 161 million users and 4.26 million merchants as of June 30, 2024. Its innovative product offerings, including MobiKwik ZIP (buy now, pay later), merchant cash advances, and QR-enabled payment solutions, have positioned it as a key player in the digital payment ecosystem.
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On January 5, 2024, Mobikwik filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), initiating its IPO process. Later, on December 6, 2024, the company reached a significant milestone by submitting its Red Herring Prospectus (RHP).
Mobikwik IPO Details
| Parameter | Details |
| IPO Date | December 11, 2024, to December 13, 2024 |
| Listing Date | December 18, 2024 (Tentative) |
| Face Value | ₹2 per share |
| Price Band | ₹265 to ₹279 per share |
| Lot Size | 53 Shares |
| Total Issue Size | 20,501,792 shares (₹572.00 Crores) |
| Fresh Issue | 20,501,792 shares (₹572.00 Crores) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Pre-Issue Shareholding | 57,184,521 |
| Post-Issue Shareholding | 77,686,313 |
Mobikwik IPO Timeline
| Event | Date |
| IPO Open Date | December 11, 2024 (Wednesday) |
| IPO Close Date | December 13, 2024 (Friday) |
| Basis of Allotment | December 16, 2024 (Monday) |
| Initiation of Refunds | December 17, 2024 (Tuesday) |
| Credit of Shares to Demat | December 17, 2024 (Tuesday) |
| Listing Date | December 18, 2024 (Wednesday) |
| UPI Mandate Cut-off | 5:00 PM on December 13, 2024 |
Mobikwik IPO Reservation
| Investor Category | Shares Offered |
| QIB | Not less than 75% of the net issue |
| Retail | Not more than 10% of the net issue |
| NII (HNI) | Not more than 15% of the net issue |
Mobikwik IPO Lot Size and Investment
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 53 | ₹14,787 |
| Retail (Max) | 13 | 689 | ₹192,231 |
| S-HNI (Min) | 14 | 742 | ₹207,018 |
| S-HNI (Max) | 67 | 3,551 | ₹990,729 |
| B-HNI (Min) | 68 | 3,604 | ₹1,005,516 |
Mobikwik Financial Overview (₹ in Crores)
| 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 | 143 | 162.59 | 158.65 |
| Borrowings | 206.34 | 212 | 192.27 | 150.91 |
How to Apply for the IPO
Investors can apply through various trading platforms like Zerodha or directly via UPI-enabled payment apps. Ensure you confirm your UPI mandate before the cut-off time at 5 PM on December 13, 2024.
Competitive Strengths
- Innovative product offerings like ZIP and ZIP EMI.
- A strong brand trusted by millions of users.
- Technology-driven approach for seamless services.
- Proven track record of efficient operations.
Objectives of the IPO
The funds raised from the IPO will be utilized for:
- Growing the financial services and payments business.
- Investing in technology, data, AI, and machine learning.
- Expanding the payment devices business.
- General corporate purposes.
Where Will It Be Listed?
The Mobikwik IPO shares will be listed on BSE and NSE.
Lead Managers and Registrar
- Lead Managers:
- SBI Capital Markets Limited
- Dam Capital Advisors Ltd (formerly IDFC Securities Ltd)
- Registrar: Link Intime India Private Ltd
Mobikwik Contact Information
| Category | Details |
| Company | One Mobikwik Systems Limited |
| Address | Unit 102, Block-B, Pegasus One, Golf Course Road, Sector-53, Gurugram, 122 003 |
| Phone | +91 1244903344 |
| [email protected] | |
| Website | https://www.mobikwik.com/ir |
| Registrar | Link Intime India Private Ltd |
| Registrar Email | [email protected] |
| Registrar Phone | +91-22-4918 6270 |
| Registrar Website | https://linkintime.co.in/initial_offer/public-issues.html |
This simplified guide provides all the essential details about the Mobikwik IPO to help you make an informed decision! For detailed information, refer to the Mobikwik IPO Red Herring Prospectus (RHP).
FAQs
Q.1. What is Mobikwik IPO?
Ans: Mobikwik IPO is a book-built IPO comprising 2.05 crore shares, priced between ₹265-₹279 per share.
Q.2. How to apply?
Ans: Applications can be made via ASBA or UPI through your broker or bank.
Q.3. What is the lot size?
Ans: Minimum lot size is 53 shares.
Q.4. When is the allotment date?
Ans: The allotment is expected to be finalized on December 16, 2024.
Q.5. Where Will It Be Listed?
Ans: The Mobikwik IPO shares will be listed on BSE and NSE.
Q.6. Lead Managers and Registrar
Ans: Lead Managers: SBI Capital Markets Limited, Dam Capital Advisors Ltd (formerly IDFC Securities Ltd) And Registrar: Link Intime India Private Ltd
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