Mobikwik Limited IPO Summary
Mark your calendars! Mobikwik Limited IPO is opening for bids this Wednesday, 11th Dec 24 and closing on Friday, 13th Dec 2024. Looking to Invest Early. Anchor Investor can apply on Monday, 9th Dec 2024. The price band per share is set between ₹265 and ₹279 per equity share of the face value of ₹2. Mobikwik IPO is a book-built issue of Rs 572.00 crores. The issue is entirely a fresh issue of 2.05 crore shares. Just a heads up, you’ll need to invest with a minimum of 53 shares for ₹14,787 and in multiples of 53 equity shares thereafter. The floor price is 83 times the face value of the equity shares and the cap price is 90 times the face value of the equity share. The allotment for the Mobikwik IPO is finalized on Monday, December 16, 2024. Mobikwik IPO will list on BSE, NSE with tentative listing date fixed as Wednesday, December 18, 2024.
Mobikwik IPO price band is set at ₹265 to ₹279 per share. The minimum lot size for an application is 53 Shares. The minimum amount of investment required by retail investors is ₹14,787. The minimum lot size investment for sNII is 14 lots (742 shares), amounting to ₹207,018, and for bNII, it is 68 lots (3,604 shares), amounting to ₹1,005,516.
Mobikwik IPO Quota Allocation
Mobikwik’s IPO offering will be distributed as follows:
- Up to 75% of the shares will be allocated to Qualified Institutional Buyers (QIBs). These are institutional investors such as banks, mutual funds, and insurance companies.
- A minimum of 15% of the shares will be reserved for Non-Institutional Investors (NII). These typically include high-net-worth individuals (HNIs) or corporate bodies investing more than ₹2 lakh.
- At least 10% of the offering will be available for retail investors. These are individual investors applying for shares with a total value of less than ₹2 lakh.
The allotment of shares for the Mobikwik IPO is expected to be finalized on Monday, 16th Dec 24. Following this, the company will initiate refunds for unsuccessful applicants on Tuesday, 17th Dec 2024. If your application is successful, the shares are expected to be credited to your demat account on the same day, 17th Dec 2024, after the refunds are processed. Mobikwik IPO listing on the BSE and NSE is tentatively scheduled for Wednesday, 18th Dec 2024.
Mobikwik IPO GMP, Grey Market Premium 2024
Mobikwik IPO GMP as of 15th Dec 2024 is 165. Stay tuned for the latest IPO GMP numbers of Mobikwik IPO.
| Mobikwik IPO GMP Date | GMP | IPO Price | Expected Listing Gain |
|---|---|---|---|
| GMP is as on 07 Dec 2024. | 120 | 279.00 | 399 (43%) |
| GMP is as on 08 Dec 2024. | 111 | 279.00 | 390 (39.78%) |
| GMP is as on 09 Dec 2024. | 130 | 279.00 | 409 (46.59%) |
| GMP is as on 10 Dec 2024. | 136 | 279.00 | 415 (48.75%) |
| GMP is as on 11 Dec 2024. | 136 | 279.00 | 415 (48.75%) |
| GMP is as on 12 Dec 2024. | 156 | 279.00 | 435 (55.91%) |
| GMP is as on 13 Dec 2024. | 165 | 279.00 | 444 (59.14%) |
| GMP is as on 14 Dec 2024. | 165 | 279.00 | 444 (59.14%) |
| GMP is as on 15 Dec 2024. | 165 | 279.00 | 444 (59.14%) |
Mobikwik Limited IPO subscription status
Mobikwik got Massive Subscription in all segment as 13 Dec 2024, 4:00 PM, the book build issue had been booked 63.92 times, the retail portion of the public offer had been booked 113.41 times, and the NII segment had been subscribed 88.19 times and the Qualified Institutional Buyer segment has been subscribed 35.34 times.
About Mobikwik Limited: A Leading Digital Wallet and Payment Service
MobiKwik is an Indian fintech company that offers a mobile-based payment system and digital wallet. It allows users to add money to their online wallet and use it for various purposes like paying utility bills, shopping online, and making payments at physical stores. The company was founded in 2009 by Bipin Preet Singh and Upasana Taku. It has a large user base of over 156 million registered users and a vast merchant network of over 4.1 million. MobiKwik’s vision is to build accessible and affordable digital financial services for a billion Indians.
The company provides a range of payment services, enabling consumers to Pay utility bills, such as mobile recharges, electricity, and credit card bills, make purchases at both online and offline merchants, including retail stores and fuel stations, Transfer money to phone numbers, UPI IDs, or bank accounts, Check bank balances, Scan QR codes and make payments using UPI or Rupay credit cards.
Mobikwik Limited’s Product Applications
Mobikwik are a fintech company – one of the largest mobile wallets (MobiKwik Wallet) and Buy Now Pay Later (BNPL) players in India based on mobile wallet GMV and BNPL GMV, respectively, in Fiscal 2021 (Source: RedSeer Report). Mobikwik are focused on addressing the unmet credit needs of the fast-growing online transactors by combining the convenience of everyday mobile payments with the benefits of Buy Now Pay Later (BNPL). Mobikwik are a technology-first company leveraging big data analytics and deep data science (including machine learning) to continuously delight users and merchants on our platform.
Mobikwik Limited Profit Growth
Based on its restated consolidated financial statements, Mobikwik’s revenue increased by 59% and profit after tax (PAT) rose by 117% between the financial year ending with March 31, 2024 and March 31, 2023.63
| 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 Rs. Crore.
Mobikwik Limited’s Pros & Cons
1. Pros
- The company’s ecosystem connects end-users, retail merchants, lending institutions, and other partners, generating attractive networks effects benefiting all parties.
- The company offers a wide range of financial services, including wallet payments, UPI, BNPL, loans, insurance, and investment products. This diversification can drive growth and reduce reliance on any single service.
- The Indian digital payments market is still in its early stages, and Mobikwik is well-positioned to capitalize on this growth with its strong brand and diverse product offerings.
- Mobikwik has formed partnerships with various banks, fintech companies, and e-commerce platforms, which can help it expand its reach and customer base.
- It has a large engaged user base with a low customer acquisition cost.
- Mobikwik is a well-known brand in the Indian digital payments space, with a large user base and merchant network.
- Technology and product-first approach to business.
2. Cons
- The digital payments market in India is highly competitive, with major players like Paytm, PhonePe, and Google Pay dominating the market. This competition can put pressure on Mobikwik’s market share and margins.
- As a fintech company, Mobikwik is subject to various regulatory and compliance challenges. Any changes in the regulatory landscape could impact the company’s operations.
- Mobikwik has posted losses in recent years, and its ability to achieve sustainable profitability remains uncertain.
- The digital payments industry is vulnerable to cyberattacks, and any security breach could damage Mobikwik’s reputation and lead to financial losses.
- Inability to attract new users or merchants, and retain and grow its relationships with existing users or merchants.
- Security breaches and attacks against its platform.
- Substantial and increasingly intense competition.
- Failure to maintain relationships with lending partners for the BNPL segment.
- Collection efforts in the BNPL offerings may be ineffective or deemed improper.
- Dependency on internet search engines, mobile operating systems, and application marketplaces to drive traffic and make the platform available to users and merchants.
- Dependency on third parties to provide reliable and satisfactory products and services.
- Inability to successfully protect its intellectual property rights from being infringed by others.
- Failure to deal effectively with fraudulent transactions, illegal activities, and negative user experiences.
- Inability to keep pace with rapid technological developments to provide new and innovative products and services.
Overall, Mobikwik’s IPO presents an opportunity for investors to participate in the growth of the Indian digital payments market. However, it is important to weigh the risks and consider the company’s financial performance and competitive landscape before making an investment decision.
Frequently Asked Questions
Q. What is the Bidding Start date of Mobikwik Limited IPO?
A. Mobikwik IPO’s Bidding Start date is Wednesday, December 11th 2024.
Q. What is the Bidding End date of Mobikwik Limited IPO?
A. Mobikwik IPO’s Bidding End date is Friday, December 13th 2024.
Q. What is the price band of Mobikwik Limited IPO?
A. Mobikwik IPO’s Price band is set to 265 to 279 per equity shares.
Q. What is the Lot Size of Mobikwik Limited IPO?
A. Mobikwik IPO’s Lot Size is 53 Shares and multiple of 53 shares thereafter.
Q. What is the Share allotment date of Mobikwik Limited IPO?
A. Mobikwik IPO’s Shares allotment date is Monday, December 16th 2024.
Q. What is the Share credit date in Demat of Mobikwik Limited IPO?
A. Mobikwik IPO’s Shares credit date in Demat is Monday, December 16th 2024.
Q. What is the Listing date of Mobikwik Limited IPO?
A. Mobikwik IPO’s Listing date is Wednesday, December 18th 2024.
Disclaimer
The information provided in this article about the Mobikwik Limited IPO is for informational purposes only and does not constitute financial advice. Finance Gurukul does not recommend investing in any specific securities or investment strategies. It is important to conduct your own research and due diligence, and to consult with a qualified financial advisor before making any investment decisions.
Investing in the stock market involves inherent risks, and investors may lose some or all of their invested capital. Past performance is not necessarily indicative of future results.
