Mobikwik IPO GMP Today, Date, Price, Subscription Status 

Mobikwik IPO Overview

Mobikwik IPO is a book built issue of Rs 572.00 crores. The issue is entirely a fresh issue of 2.05 crore shares.

Mobikwik IPO opens for subscription on December 11, 2024 and closes on December 13, 2024. The allotment for the Mobikwik IPO is expected to be 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.

SBI Capital Markets Limited and Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) are the book running  lead manager of the Mobikwik IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Mobikwik IPO RHP for detailed information.

Mobikwik IPO Financial Performance

One Mobikwik Systems Limited’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.

Mobikwik IPO Key Performance Indicator

The market capitalization of Mobikwik IPO is Rs 2295.45 Cr.

KPI as of March 31, 2024.

Mobikwik IPO Objectives

The Company proposes to utilise the Net Proceeds towards the following objects:

1. Funding growth in the financial services business
2. Funding growth in the payment services business
3. Investment in data, ML, AI, product and technology
4. Capital expenditure for the payment devices business
5. General corporate purposes

Mobikwik IPO Lot Size

Investors can bid for a minimum of 53 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

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 IPO Details

IPO Date	December 11, 2024 to December 13, 2024
Listing Date	[.]
Face Value	₹2 per share
Price Band	₹265 to ₹279 per share
Lot Size	53 Shares
Total Issue Size	20,501,792 shares (aggregating up to ₹572.00 Cr)
Fresh Issue	20,501,792 shares (aggregating up to ₹572.00 Cr)
Issue Type	Book Built Issue IPO
Listing At	BSE, NSE
Share holding pre issue	57,184,521
Share holding post issue	77,686,313

Mobikwik IPO Company Overview and Services

Incorporated in March 2008, Mobikwik is a fintech company providing prepaid digital wallets and online payment services.

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.

The company has created innovative products such as MobiKwik ZIP, ZIP EMI for consumers, and Merchant Cash Advance for merchants through in-house models and strategic partnerships with lending partners. These offerings utilize digital public infrastructure (DPI) such as Aadhaar, E-Nach, Digi-Locker, and NSDL to provide seamless and digital-first experiences for consumers.

As of June 30, 2024, the company has 161.03 million registered users and has enabled 4.26 million merchants to make and accept payments both online and offline.

The product range of the company includes the following

• Online Checkout for E-commerce Merchants: Enables merchants to accept payments through all major modes, including UPI, wallets, cards, and pay-later options.
• Scan and Pay with Kwik QRs: This feature allows retail merchant partners to accept payments via UPI, wallets, cards, and pay-later options using QR codes.
• MobiKwik Vibe (Soundbox): A QR-enabled device that announces payment confirmations for merchants, enhancing the customer experience.
• MobiKwik EDC Machine: A point-of-sale terminal that allows merchants to accept all in-person payment modes, including credit cards, debit cards, and UPI.
• Merchant Cash Advance: A flagship credit product that provides accessible, affordable credit to merchants using the company’s payment solutions for their business needs.

MobiKwik ZIP is a flagship product that lets consumers buy now and pay later within 30 days, offering flexibility and easy repayment options.

As of June 30, 2024, the company has 226 permanent employees in its technology function.

As of December 2024, the company had obtained 19 registered trademarks and had applied for 11 trademark applications under the Trade Mark Act of 1999.

Competitive Strengths:

• Empowering Journeys through the Company’s legacy of providing a positive and sustainable consumer experience
• Efficient operational management of loan products distributed by them.
• The trust in their brand
• Technology and product first approach to business

Mobikwik IPO SWOT Analysis

Strengths

• Large User Base: Mobikwik has a significant user base, particularly in tier-2 and tier-3 cities, which provides a strong foundation for future growth.
• Diverse Product Offerings: The company offers a range of services, including mobile recharges, bill payments, money transfers, and financial services. This diversification can help mitigate risks associated with a single product or service.
• Strong Brand Recognition: Mobikwik has established a strong brand presence in the Indian market, particularly among the younger demographic.
• Strategic Partnerships: The company has forged strategic partnerships with various businesses, expanding its reach and customer base.

Weaknesses

• High Competition: The digital payments and fintech industry is highly competitive, with established players like Paytm, PhonePe, and Google Pay.
• Operational Challenges: Mobikwik has faced challenges related to regulatory compliance and operational efficiency in the past.
• Dependence on Third-Party Services: The company relies on third-party service providers for certain services, which can impact its overall performance and customer experience.

Opportunities

• Growing Digital Payments Market: The increasing adoption of digital payments in India presents significant growth opportunities for Mobikwik.
• Expanding into New Segments: The company can explore new segments such as insurance, lending, and wealth management to drive growth.
• International Expansion: While primarily focused on the Indian market, Mobikwik can consider expanding its operations to other emerging markets.

Threats

• Regulatory Risks: Changes in government regulations can impact the company’s business operations and profitability.
• Cybersecurity Threats: As a digital payments company, Mobikwik is vulnerable to cyberattacks and data breaches, which can damage its reputation and customer trust.
• Economic Slowdown: An economic slowdown can negatively impact consumer spending and reduce demand for digital payment services.

By leveraging its strengths, addressing its weaknesses, capitalizing on opportunities, and mitigating threats, Mobikwik can position itself for long-term growth and success in the competitive digital payments landscape.

Mobikwik IPO GMP Details

Mobikwik IPO Subscription Status 

Total Application : 14,28,023

Note:

• *: “Shares Offered” and “Total Amount” are calculated based on the upper price of the issue price range.

• **: The portion of anchor investors (or market makers) is not included in the total number of shares offered.

Mobikwik IPO  Allotment status 

The allotment status of Mobikwik IPO is expected to be available on December 16, 2024.

Mobikwik IPO allotment status is not available at this time. Mobikwik IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for One Mobikwik Systems Limited IPO allotment status.

To check Mobikwik IPO allotment status, follow the steps below:

1. Click on the below allotment status check button.
2. Select Company Name.
3. Enter your PAN Number, Application Number or DP Client ID (Anyone).
4. Click on Search.

On securing the allotment, you will receive the credit of equivalent shares in your Demat account.

If you have any concerns or queries about the allotment status, contact Link Intime India Private Ltd either by phone or email. Investors can call on +91-22-4918 6270 or send an email with all relevant details to mobikwik.ipo@linkintime.co.in.

Mobikwik IPO Contact Details

One Mobikwik Systems Limited
Unit 102, 1st Floor, Block-B,
Pegasus One, Golf Course Road,
Sector-53, Gurugram, 122 003
Phone: +91 1244903344
Email: ipo@mobikwik.com
Website: https://www.mobikwik.com/ir

Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.

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