Bookbuilding IPO | ₹572 Cr | Listed at BSE, NSE | Wed, Dec 11, 2024 - Fri, Dec 13, 2024
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 per share. The lot size for an application is 53. The minimum amount of investment required by an retail is ₹14,787 (53 shares) (based on upper price). 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 Open
Wed, Dec 11, 2024
IPO Close
Fri, Dec 13, 2024
Issue Price
₹279 per share
Market Cap (Pre-IPO)
₹2,295.45 Cr
| IPO Date | 11 to 13 Dec, 2024 |
| Listed on | Wed, Dec 18, 2024 |
| Face Value | ₹2 per share |
| Price Band | ₹265 to ₹279 |
| Issue Price | ₹279 per share |
| Lot Size | 53 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,05,01,792 shares (agg. up to ₹572 Cr) |
| Fresh Issue | 2,05,01,792 shares (agg. up to ₹572 Cr) |
| Share Holding Pre Issue | 5,71,84,521 shares |
| Share Holding Post Issue | 7,76,86,313 shares |
| BSE Script Code / NSE Symbol | 544305 / MOBIKWIK |
| ISIN | INE0HLU01028 |
One Mobikwik Systems 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 (Ex- Anchor), 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 | Max 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%) |
Investors can bid for a minimum of 53 shares and in multiples thereof.
| 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 |
One Mobikwik Systems IPO raises ₹257.40 crore from anchor investors. One Mobikwik Systems IPO Anchor bid date is December 10, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Dec 10, 2024 |
| Shares Offered | 92,25,807 |
| Anchor Portion (₹ Cr.) | 257.40 |
| Anchor lock-in period end date for 50% shares (30 Days) | Tue, Jan 14, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sat, Mar 15, 2025 |
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:
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 908.10 | 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 | 205.10 |
| Total Borrowing | 206.34 | 211.70 | 192.27 | 150.91 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding organic growth in the financial services business | 150.00 |
| 2 | Funding organic growth in the payment services business | 135.00 |
| 3 | Research and developmentin data, ML and AI and product and technolog | 107.00 |
| 4 | Capital expenditure for the payment devices business | 70.29 |
| 5 | General corporate purposes | 68.24 |
| KPI | Mar 31, 2024 |
|---|---|
| Debt/Equity | 0.73 |
| RoNW | 8.66% |
| Price to Book Value | 9.81 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.46 | -ve |
| P/E (x) | 113.32 | -ve |
| Promoter Holding | 32.87% | 25.18% |
| Market Cap | ₹2,295.45 Cr. |
The Mobikwik IPO is subscribed 125.69 times on December 13, 2024 6:19:11 PM (Day 3). The public issue subscribed 141.78 times in the retail category, 125.82 times in the QIB category, and 114.7 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 125.82 | 61,50,538 | 77,38,42,188 |
| NII | 114.7 | 30,75,269 | 35,27,48,443 |
| bNII (bids above ₹10L) | 109.7 | 20,50,179 | 22,49,12,973 |
| sNII (bids below ₹10L) | 124.71 | 10,25,089 | 12,78,35,470 |
| Retail | 141.78 | 20,50,179 | 29,06,74,313 |
| Total | 125.69 | 1,12,75,986 | 1,41,72,64,944 |
Total Application : 46,88,210
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLM fees (including brokerage and selling commission) | 18.56 |
| 2 | Commission/processing fee for SCBs, Sponsor Bank and Bankers to the Offer. Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 2.00 |
| 3 | Advertising and marketing expenses | 2.98 |
| 4 | Other expenses | 2.19 |
| 5 | Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | 1.13 |
| 6 | Fees payable to Depository | 0.33 |
| 7 | Printing and stationary expenses | 0.20 |
| 8 | Fees payable to the Registrar to the Issue | 3.45 |
| 9 | Fees payable to the legal counsel | 3.65 |
| 10 | Miscellaneous | 6.36 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹279.00 | ₹279.00 |
| Open | ₹442.25 | ₹440.00 |
| Low | ₹439.20 | ₹440.00 |
| High | ₹530.70 | ₹528.00 |
| Last Trade | ₹530.30 | ₹528.00 |
Lead Manager Reports
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 Crores. The issue is priced at ₹279 per share. The minimum order quantity is 53.
The IPO opens on Wed, Dec 11, 2024, and closes on Fri, Dec 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 Wed, Dec 11, 2024 and closes on Fri, Dec 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 Tue, Dec 17, 2024. Check the One Mobikwik Systems IPO allotment status.
The One Mobikwik Systems IPO listing date is on Wed, Dec 18, 2024.
