Mobikwik is into Technology Fintech sector and is looking raise funds through Fresh Issue
IPO Summary
Mobikwik IPO is a public offering of shares by Bipin Preet Singh, Upasana Rupkrishan Taku, Koshur Family Trust and Narinder Singh Family Trust. The IPO will open on December 11 and will close on December 13. The price band is ₹265 to ₹279 per share and the lot size is 53 shares. The issue size is ₹572. crore. The shares are expected to be listed on NSE, BSE on December 18 (^). Some additional information that you may find useful are: Share of revenue from Payment Services/Financial Services for 3MFY25 at 50.1%/49.9% (v/s 36.2%/63.8% in FY24 and 47.2%/52.8% in FY23): (**) - based on higher price band (^) indicative dateAlso READ: Gurugram based Fintech Company Mobikwik files DRHP with SEBI for the proposed IPO; Key Details here
Promoters of the company are Bipin Preet Singh, Upasana Rupkrishan Taku, Koshur Family Trust and Narinder Singh Family Trust Currently promoters hold 34.21% stake in the company. While post-equity promoters stake will be 25.18%
- Company aims to raise between Rs 572 to 572 crs through this IPO.
- The net proceeds of the issue will be utilized to 1) Organic growth capex of a) Rs150 cr for financial services b) Rs135 cr for payment services business 2) Rs107 cr for R&D 3) Rs70.2 cr capex for payment devises business and 4) general corporate purpose
- Anchor bidding is expected to commence one day prior to the IPO dates. Tentative anchor bidding date would be 10-Dec-24.
- Price band for the IPO has been fixed at Rs 265 to 279 per share and bid lot are in multiple of 53 shares. The implied market cap post-issue at Rs 2,087 to 2,167 crs.
- As per the tentative schedule, allotment date of this IPO is most likely on December 16 and share are expected to be listed on NSE, BSE on December 18.
- Company has direct peer competition in India'a FinTech space. In Listed space peers include One97 Communications (PAYTM), Affirm Holdings, Inc (Global peer) and PayPal Holdings, Inc (Global Peer).
- SBI Capital, DAM Capital has been appointed as Merchant Banker to the issue. KFin Technologies Ltd. has been appointed as official registrar of the issue.
- Company has not undertaken Pre-IPO placement.
Key Pointers of Mobikwik IPO:
| One Mobikwik Systems Limited IPO Snapshot | UdhyamPitch on X | |||
|---|---|---|---|
| Established | City | Sector | Sub-Sector |
| 2008 | Gurugram | Technology | Fintech |
| Issue | Issue Type | Tentative Listing Date | Listing at |
| IPO (Fresh) | Book Building | 18-Dec-24 | NSE, BSE |
| IPO Dates | Price Band (Rs/sh) | Face Value (Rs/sh) | Min Lot Qty |
| 11-Dec-24 to 13-Dec-24 | ₹ 265 to 279 per sh | ₹ 2 per sh | 53 sh and in multiples |
| Retail App (min) | Retail App (max) | Non-Retail (Rs2-10L App) | Non-Retail (>Rs10L min App) |
| 53 shares ₹ 14,787 | 689 shares up to ₹ 192,231 | 742 to 3,551 shares ₹ 207,018 to 990,729 | 3,604 shares and above ₹ 1,005,516 and above |
There are highly chances of variation in data. Users are requested to visit BSE, NSE, SEBI to gather information or read DRHP / RHP for more information.
About One Mobikwik Systems Limited
Established in _, One Mobikwik Services is a payment service provider and a financial services player into FinTech space. Its paymnet services are under MobiKwik Wallet, UPI, cards and MobiKwik ZIP, consumers make payments of utility bills, to merchants and money transfers. Merchants can collect payments from consumers using aforesaid modes online or through QR codes, Soundbox and EDC devices. Financial services are through MobiKwik ZIP (pay-later), ZIP EMI (personal loans) and Merchant Cash Advance (merchant loans), distribute credit from our lending partners to consumers and merchants. Also company distribute FDs, insurance, MFs, digital gold and enable personal finance management via Lens/ Lens.ai.
Share of revenue from Payment Services/Financial Services for 3MFY25 at 50.1%/49.9% (v/s 36.2%/63.8% in FY24 and 47.2%/52.8% in FY23)
About Industry
India’s consumer internet industry will maintain a high growth trajectory, eventually reaching USD 600 billion or moreby Fiscal 2028. The overall Indian e-commerce market is expected to become USD 190-200 billion by Fiscal 2028. Onconsumer payments, Redseer estimates that wallet transaction value will reach approximately 70-75 billion in FY28P.On digital credit, the total value of disbursed loans increased by about 41% compared to FY21, increasing from USD5.8 billion in Fiscal 2021 to USD 11.6 billion in Fiscal 2023. In Fiscal 2028, about 4% of the total retail lending isexpected through digital channels.
| One Mobikwik Systems Limited IPO Dates | UdhyamPitch on X | |
|---|---|
| Anchor Open | 10-Dec-24 |
| IPO Open | 11-Dec-24 |
| IPO Close | 13-Dec-24 |
| Allotment | 16-Dec-24 |
| Credit of Shares | 17-Dec-24 |
| Refund | 17-Dec-24 |
| Listing | 18-Dec-24 |
| Anchor Investor Lockin (50% of Anchor book investment) | |
| Anchor Investor Lockin (Balance 50% of Anchor book investment) | |
Kindly note UPI Mandate deadline is 5:00 pm IST on closing date. To avoid last minute issue, request you to approve UPI mandate before 4:00 pm IST on last day. In case, UPI mandate has not been approved during the prescribed time period, applications are liable to get rejected.
There are highly chances of variation in dates. Users are requested to visit BSE, NSE, SEBI to gather information or read DRHP / RHP for more information.
| One Mobikwik Systems Limited IPO - Management Details: | |
|---|---|
| Bipin Preet Singh, Managing Director & CEO | |
| Chandan Joshi, Co-Founder and CEO - Consumer Payments | |
| Upasana Rupkrishan Taku, ED, Chairperson and Chief Financial Officer | |
| Ankita Sharma, Company Secretary and Compliance Officer | |
Visit DRHP / RHP for more details on Board of Directors and Management details.
| One Mobikwik Systems Limited IPO - Details of Offer/Issue Breakup | UdhyamPitch on X | |||||
|---|---|---|---|---|---|
| Category | Quota (%) | No of Shares-Lower | No of Shares-Upper | Value (Rs Cr)-Lower | Value (Rs Cr)-Upper |
| QIB (Incl Anchor) | 75 | NA | 15,376,344 | NA | 429. |
| Non-Retail (NII) | 15 | NA | 3,075,269 | NA | 85.8 |
| Non-Retail (NII): >Rs10L | NA | 2,050,179 | NA | 57.2 | |
| Non-Retail (NII): Rs2L-Rs10L | NA | 1,025,090 | NA | 28.6 | |
| Retail | 10 | NA | 2,050,179 | NA | 57.2 |
| Employee | NA | . | . | ||
| Shareholder | NA | . | . | ||
| NA=Not Available or Not Calculated | Upper= Upper Price Band | Lower=Lower Price Band | |||||
There are highly chances of variation in data. Users are requested to visit BSE, NSE, SEBI to gather information or read DRHP / RHP for more information.
| One Mobikwik Systems Limited - IPO Registrar & Transfer Agent (RTA): |
|---|
| KFin Technologies Ltd. Selenium, Tower B, Plot No 31 and 32, Financial District, Nanakramguda, Serilingampally HYDERABAD TELANGANA 500032 |
Check IPO Allotment status of MobikwikIPO:
| One Mobikwik Systems Limited - Anchor Lockin Dates and Details | |
|---|---|
| Anchor Investor Lockin (50% of Investment for 30 days) release of | |
| Anchor Investor Lockin (Balance Investment for 90 days) release of | |
Above information is automatically calculated based on estimations. Chances of errors/changes could be possible due to holidays and/or other conditions. Users are requested to Visit BSE, NSE, SEBI for more information or contact the Company/Merchant Banker/RTA for more information.
| One Mobikwik Systems Limited - Documents | |
|---|---|
Disclaimer:
Above article only publishes details on the companies and about forthcoming / upcoming IPO' and are solely intended for educational purpose. We don't solicit or invite any interest of user to invest in any of the investment products. Please review DRHP/RHP/Prospectus for more details about the company, fundamentals and other details. Please visit respective sources to verify and know more details about the IPO. SME IPOs can be more volatile due to smaller market capitalization and liquidity. Prices may fluctuate significantly in response to market conditions. We advise users and/or investors to take opinion from certified and SEBI registered experts before taking any investment decisions.
| Source: SEBI, BSE, NSE |
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