The One Mobikwik Systems IPO is scheduled to open from December 11, 2024, to December 13, 2024, offering investors a chance to invest in one of India’s leading digital payment platforms. With a strong presence in the fintech sector, Mobikwik provides a range of financial products and services, from digital payments to loans and insurance. In this post, we’ll walk through the key details of the Mobikwik IPO, including its financials, business model, and why it might be worth considering for your investment portfolio.
About One Mobikwik Systems
MobiKwik is a popular Indian fintech company that operates a two-sided platform connecting consumers and merchants via digital payments. The MobiKwik app provides a wide range of services, including online payment options, digital credit, investments, and insurance products. The company’s offerings extend to online checkout solutions for e-commerce businesses, a QR code payment system (Kwik QR), MobiKwik Vibe (a soundbox for merchants), and Merchant Cash Advance products.
Additionally, MobiKwik has partnered with lending institutions to provide MobiKwik ZIP and ZIP EMI solutions for consumers, further strengthening its product portfolio. With an aim to revolutionize the digital payment landscape in India, MobiKwik continues to build innovative solutions for both consumers and businesses alike.
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One Mobikwik Systems IPO Details
- IPO Opening Date: December 11, 2024
- IPO Closing Date: December 13, 2024
- Price Band: ₹265 – ₹279 per share
- Lot Size: 53 shares
- Issue Size: ₹572.00 Cr
- Face Value: ₹2 per share
- Listing Date: December 18, 2024
- Listing At: BSE, NSE
- Issue Type: Book Built Issue IPO
The Mobikwik IPO consists of 20,501,792 shares on offer, aggregating up to ₹572.00 Cr. This is a Fresh Issue of shares, providing the company with the opportunity to raise capital for business expansion, enhancing technology, and general corporate purposes.
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Company’s Financial Overview
Mobikwik’s financial performance has shown improvement over the years, with a notable turnaround in FY 2024. Here’s a quick glance at the key financials:
Revenue (in Rs. Cr)
- 2022: ₹527
- 2023: ₹539
- 2024: ₹875
Profit (in Rs. Cr)
- 2022: ₹-128
- 2023: ₹-83.81
- 2024: ₹14.08
Total Assets (in Rs. Cr)
- 2022: ₹836
- 2023: ₹714
- 2024: ₹855
The company has shown positive growth in revenue and has achieved profitability in FY 2024, which makes it an interesting pick for investors looking at fintech startups.
Promoter and Shareholding Details
Mobikwik’s promoters include Bipin Preet Singh, Upasana Rupkrishan Taku, and several family trusts. The shareholding structure before and after the IPO will change, with the pre-IPO shareholding at 32.96%, which will reduce to 25.18% post-IPO.
IPO Lot Size and Application Details
The Mobikwik IPO allows investors to apply for a minimum of 53 shares, with a total investment of ₹14,787 at the lower price band. Below is the detailed breakdown for various investor categories:
| Investor Category | 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 |
Key Performance Indicators (KPIs)
The market capitalization of Mobikwik post-IPO is projected to be ₹2,295.45 Cr. Here are some critical KPIs that investors should keep in mind:
- Debt/Equity Ratio: 0.73
- RoNW (Return on Net Worth): 8.66%
- P/BV (Price to Book Value): 9.81
These KPIs indicate that Mobikwik is managing its finances reasonably well with a moderate debt-equity ratio and a positive return on net worth.
Who Should Invest in Mobikwik IPO?
The Mobikwik IPO presents an interesting opportunity for those looking to invest in a growing fintech company with a robust customer base and innovative product offerings. Here are some reasons why the IPO might be worth considering:
- Sector Growth: The digital payments and fintech sectors in India are expanding rapidly, with increasing adoption of digital wallets, UPI, and other online financial products.
- Improving Profitability: Mobikwik has successfully turned its losses into profits in FY 2024, which is a positive sign for investors.
- Innovative Products: With offerings like ZIP EMI, QR Code Payments, and Merchant Cash Advance, Mobikwik has positioned itself as a key player in India’s fintech ecosystem.
However, since the company has a history of losses in previous years, risk-averse investors should carefully evaluate the potential for continued profitability before making an investment.
Mobikwik IPO Registrar
For any queries regarding the Mobikwik IPO, investors can contact the Registrar, Link Intime India Private Ltd:
- Phone: +91-22-4918 6270
- Email: mobikwik.ipo@linkintime.co.in
- Website: Link Intime IPO Status
Conclusion
The One Mobikwik Systems IPO offers investors a chance to be part of one of India’s leading fintech platforms. With a strong product portfolio, improving financials, and the growing digital payments sector, Mobikwik has the potential for long-term growth. However, investors should assess their risk appetite, considering the company’s past performance and the overall market conditions.
As always, conducting thorough research and consulting with a financial advisor is essential before investing in any IPO.
FAQs on Mobikwik IPO
What is the price range for the Mobikwik IPO?
The price range for the Mobikwik IPO is ₹265 to ₹279 per share.
How many shares do I need to apply for the minimum lot size?
The minimum lot size is 53 shares.
When is the IPO opening and closing?
The IPO opens on December 11, 2024 and closes on December 13, 2024.
When will the shares be listed?
The shares will be listed on December 18, 2024.
What is the market capitalization of Mobikwik after the IPO?
The market capitalization of Mobikwik post-IPO is estimated at ₹2,295.45 Cr.
How can I apply for the Mobikwik IPO?
You can apply for the IPO through ASBA via your bank or trading account.
Who are the promoters of Mobikwik?
The promoters include Bipin Preet Singh, Upasana Rupkrishan Taku, and others.
How much is the minimum investment required for retail investors?
The minimum investment for retail investors is ₹14,787 for 53 shares.
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