Mobikwik IPO: Check IPO Date, Live Subscription and Key Details
MobiKwik is one of the leading the digital payments space by changing the behavior of the consumers toward mobile wallets and Buy Now Pay Later services. In the direction of ease and financial inclusion, MobiKwik attempts to scale down the pain that is connected with every day mobile payments and enables easy access to BNPL options.
Price Range
₹265.0 - ₹279.0
Issue Size
₹572 Cr
Lot Size
53 shares
IPO Type
Mainboard
GMP
₹160(+57.35%)
Est. Listing Price
₹439
Estimate Profit
₹8,480
Retail Portion
-
Key Metrics
Check Live GMPGMPFace Value
₹2
EPS
-3.22
P/E Ratio
-86.75
RoNW
8.66%
ROE
-%
Debt to Equity
0.73
Advertisement
Timeline
IPO Opens
11 Dec
IPO Closes
13 Dec
Allotment
16 Dec
Listing
18 Dec
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 11 December 2024 | Subscription starts |
| IPO Close Date | 13 December 2024 | Subscription ends |
| Allotment Date | 16 December 2024 | Allotment |
| Listing Date | 18 December 2024 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹14,787 |
Retail (Max)Just less than ₹2,00,000 | 13 | ₹1,92,231 |
SHNI (Min)Just above ₹2,00,000 | 14 | ₹2,07,018 |
SHNI (Max)Below ₹10,00,000 | 67 | ₹9,90,729 |
BHNIAbove ₹10,00,000 | 68 | ₹10,05,516 |
IPO Objectives
- Funding growth in the financial services business
- Funding growth in the payment services business
- Investment in data, ML, AI, product and technology
- Capital expenditure for the payment devices business
- General corporate purposes
Strengths
- Strong Brand Recognition: Mobikwik is a trusted name in India's digital payment landscape.
- nnovative Products: Features like MobiKwik ZIP, MobiKwik BNPL and Merchant Cash Advance offer flexibility to consumers and merchants.
- Large User Base: With 161 million users and 4.26 million merchants, Mobikwik has a vast network
- Technology-Driven: The company uses digital public infrastructure (Aadhaar, Digi-Locker, NSDL) to enhance transaction speed and security.
- Impressive Revenue Growth: Mobikwik saw a 59% revenue increase from FY2023 to FY2024.
Weaknesses
- Mobikwik has posted losses in recent years, and its path to profitability remains uncertain.
- Intense competition from Paytm, PhonePe, and Google Pay puts pressure on Mobikwik's market share.
- egulatory and compliance challenges could impact Mobikwik’s operations.
- Reliance on external funding could hinder growth if capital raising becomes difficult.
Advertisement
Financial Performance
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 908.1 | 854.65 | 714.33 | 836.13 |
| Revenue (₹ Cr.) | 345.83 | 890.32 | 561.12 | 543.22 |
| PAT (₹ Cr.) | -6.62 | 14.08 | -83.81 | -128.16 |
| Net Worth (₹ Cr.) | 216.54 | 142.69 | 162.59 | 158.65 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| One 97 Communications Limited | 4.19 | -89.64 | -13.87% | 13,298 |
Subscription Details
No daily bids available.
No subscription statistics available.
Advertisement
Company Details
- One Mobikwik Systems Limited
- Unit 102, 1st Floor, Block-B, Pegasus One, Golf Course Road, Sector-53, Gurugram, 122 003
- +91 1244903344
- ipo@mobikwik.com
- https://www.mobikwik.com/ir
Registrar Details
- Link Intime India Private Ltd
- +91-22-4918 6270
- mobikwik.ipo@linkintime.co.in
- https://linkintime.co.in/initial_offer/public-issues.html
Loading comments...