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One Mobikwik Systems IPO is a book build issue of ₹572.00 crores. The issue is entirely a fresh issue of 2.05 crore shares of ₹572.00 crore.
One Mobikwik Systems IPO bidding started from Dec 11, 2024 and ended on Dec 13, 2024. The allotment for One Mobikwik Systems IPO was finalized on Dec 16, 2024. The shares got listed on BSE, NSE on Dec 18, 2024.
One Mobikwik Systems IPO price band is set at ₹279.00 per share . The lot size for an application is 53. The minimum amount of investment required by an retail is ₹14,045 (53 shares). The lot size investment for sNII is 14 lots (742 shares), amounting to ₹2,07,018, and for bNII, it is 68 lots (3,604 shares), amounting to ₹10,05,516.
SBI Capital Markets Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to One Mobikwik Systems IPO RHP for detailed Information.
| IPO Date | December 11, 2024 to December 13, 2024 |
| Listing Date | December 18, 2024 |
| Face Value | ₹2 per share |
| Issue Price Band | ₹265 to ₹279 per share |
| Issue Price Final | ₹279 per share |
| Lot Size | 53 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 2,05,01,792 shares (aggregating up to ₹572.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 5,71,84,521 shares |
| Share Holding Post Issue | 7,76,86,313 shares |
Mobikwik IPO offers total 2,05,01,792 shares. Out of which 1,53,76,345 (75.00%) allocated to QIB, 61,50,538 (30.00%) allocated to QIB, 30,75,268 (15.00%) allocated to NII, 20,50,179 (10.00%) allocated to RII and 92,25,807 (45.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 1,53,76,345 (75.00%) | NA |
| − Anchor Investor Shares Offered | 92,25,807 (45.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 61,50,538 (30.00%) | NA |
| NII (HNI) Shares Offered | 30,75,268 (15.00%) | NA |
| − bNII > ₹10L | 20,50,179 (10.00%) | 2,763 |
| − sNII < ₹10L | 10,25,089 (5.00%) | 1,381 |
| Retail Shares Offered | 20,50,179 (10.00%) | 38,682 |
| Total Shares Offered | 2,05,01,792 (100.00%) |
One Mobikwik Systems IPO raises ₹257.40 crore from anchor investors. One Mobikwik Systems IPO Anchor bid date is December 10, 2024. One Mobikwik Systems IPO Anchor Investors list
| Bid Date | December 10, 2024 |
| Shares Offered | 92,25,807 |
| Anchor Portion Size (In Cr.) | 257.40 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 14, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 15, 2025 |
One Mobikwik Systems IPO opens on December 11, 2024, and closes on December 13, 2024.
| IPO Open Date | Wed, Dec 11, 2024 |
| IPO Close Date | Fri, Dec 13, 2024 |
| Tentative Allotment | Mon, Dec 16, 2024 |
| Initiation of Refunds | Tue, Dec 17, 2024 |
| Credit of Shares to Demat | Tue, Dec 17, 2024 |
| Tentative Listing Date | Wed, Dec 18, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Dec 13, 2024 |
Investors can bid for a minimum of 53 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 53 | ₹14,787 |
| Retail (Max) | 13 | 689 | ₹1,92,231 |
| S-HNI (Min) | 14 | 742 | ₹2,07,018 |
| S-HNI (Max) | 67 | 3,551 | ₹9,90,729 |
| B-HNI (Min) | 68 | 3,604 | ₹10,05,516 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:
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
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:
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.
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 908.1 | 854.65 | 714.33 | 836.13 |
| Total Income | 345.83 | 890.32 | 561.12 | 543.22 |
| Profit After Tax | -6.62 | 14.08 | -83.81 | -128.16 |
| Net Worth | 158.65 | 162.59 | 142.69 | 216.54 |
| Reserves and Surplus | 147.21 | 151.15 | 131.26 | 205.1 |
| Total Borrowing | 206.34 | 211.7 | 192.27 | 150.91 |
| Amount in ₹ Crore | ||||
The market capitalization of One Mobikwik Systems IPO is ₹2295.45 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| Debt/Equity | 0.73 |
| RoNW | 8.66% |
| Price to Book Value | 9.81 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 2.46 | -3.22 |
| P/E (x) | 113.32 | -86.75 |
The Company proposes to utilise the Net Proceeds towards the following objects:
[Dilip Davda] The company is a fintech platform providing services to customers and merchants. It posted growth in its top lines and improving trends in bottom lines till FY24. It is gearing to add other services like investment, insurance to become all finance related services on digital platform, that will add to its revenue and profits going forward. It reported losses for Q1 of FY25 on account of provisioning of pre-funding cost adjustments. Based on FY24 earnings, the issue appears aggressively priced. Well-informed investors may park moderate funds for long term. Read detail review...
| Listing Date | December 18, 2024 |
| BSE Script Code | 544305 |
| NSE Symbol | MOBIKWIK |
| ISIN | INE0HLU01028 |
| Final Issue Price | ₹279 per share |
| NSE Listing Group | EQ (Rolling) |
| BSE Listing Group | B |
One Mobikwik Systems Ltd.
Unit 102, 1st Floor, Block-B,
Pegasus One, Golf Course Road,
Sector-53
Gurgaon, Haryana, 122003
Phone: +91 1244903344
Email: ipo@mobikwik.com
Website: https://www.mobikwik.com/ir
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: mobikwik.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
One Mobikwik Systems IPO is a main-board IPO of 2,05,01,792 equity shares of the face value of ₹2 aggregating up to ₹572.00 Crores. The issue is priced at ₹279 per share. The minimum order quantity is 53.
The IPO opens on December 11, 2024, and closes on December 13, 2024.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in One Mobikwik Systems IPO using UPI as a payment gateway. Zerodha customers can apply in One Mobikwik Systems IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in One Mobikwik Systems IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The One Mobikwik Systems IPO opens on December 11, 2024 and closes on December 13, 2024.
One Mobikwik Systems IPO lot size is 53, and the minimum amount required for application is ₹14,787.
You can apply in One Mobikwik Systems IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for One Mobikwik Systems IPO will be done on Monday, December 16, 2024, and the allotted shares will be credited to your demat account by Tuesday, December 17, 2024. Check the One Mobikwik Systems IPO allotment status.
The One Mobikwik Systems IPO listing date is on Wednesday, December 18, 2024.
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