The Mobikwik IPO will open on December 11, 2024, and close on December 13, 2024. Investors can participate with a face value of ₹2 per share and a minimum lot size of 53 shares. The total issue size comprises 20,501,792 shares, aggregating up to ₹572.00 crore. The listing date is scheduled for Wednesday, December 18, 2024.
For retail investors, the minimum investment starts with one lot of 53 shares, amounting to ₹14,787. For high-net-worth individuals (S-HNIs), the minimum application involves 14 lots, totaling 742 shares, requiring an investment of ₹207,018. This IPO presents a significant investment opportunity for both retail and institutional investors looking to participate in a promising fintech company’s growth journey.
Mobikwik IPO date
| Event | Date |
|---|---|
| IPO Open Date | Wednesday, December 11, 2024 |
| IPO Close Date | Friday, December 13, 2024 |
| Basis of Allotment | Monday, December 16, 2024 |
| Initiation of Refunds | Tuesday, December 17, 2024 |
| Credit of Shares to Demat | Tuesday, December 17, 2024 |
| Listing Date | Wednesday, December 18, 2024 |
| Cut-off Time for UPI Mandate Confirmation | 5 PM on December 13, 2024 |
Mobikwik IPO Details
| Details | Information |
|---|---|
| IPO Date | December 11, 2024 to December 13, 2024 |
| Listing Date | To be announced |
| 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 |
| Shareholding Pre-Issue | 57,184,521 |
| Shareholding Post-Issue | 77,686,313 |
Mobikwik IPO Lot Size
| Application 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 |
Mobikwik IPO Reservation
The Mobikwik IPO consists of a total of 2,05,01,793 shares allocated across different investor categories. Qualified Institutional Buyers (QIB) will receive 61,50,538 shares, representing 30% of the issue. Non-Institutional Investors (NII) are allocated 30,75,269 shares (15%), while Retail Individual Investors (RII) are reserved 20,50,179 shares (10%). Additionally, 92,25,807 shares (45%) are set aside for Anchor Investors.
Mobikwik IPO Promoter Holding
Bipin Preet Singh, Upasana Rupkrishan Taku, Koshur Family Trust, and Narinder Singh Family Trust are the company’s promoters.
| Share Holding Pre-Issue | 32.96% |
| Share Holding Post Issue | 25.18% |
Mobikwik IPO About
Founded in March 2008, Mobikwik is a fintech company offering prepaid digital wallets and online payment solutions.
Key Services
- Pay Bills: Mobile recharges, electricity, and credit card payments.
- Shop Anywhere: Purchases at online and offline stores.
- Money Transfers: Send money to phone numbers, UPI IDs, or bank accounts.
- Bank Balance Checks: Access bank balances easily.
- QR Payments: Pay using UPI or Rupay cards by scanning QR codes.
Innovative Products
- MobiKwik ZIP & ZIP EMI: Credit solutions for consumers.
- Merchant Cash Advance: Financing for merchants through partnerships.
These offerings use India’s digital public infrastructure, ensuring seamless transactions.
Growth Highlights (as of June 30, 2024)
- Users: 161.03 million registered consumers.
- Merchants: 4.26 million enabled for payments.
Financial Performance (FY 2023-2024)
- Revenue Growth: 59% increase.
- Profit After Tax (PAT): Up by 117%.
- Market Capitalization: Rs 2,295.45 crore.
Industry Position
Mobikwik competes with leading players like Paytm, Affirm Holdings Inc., and PayPal, driving digital payment innovation in India.
Objects of the Issue
The Company intends to allocate the Net Proceeds from the IPO for the following purposes:
- Expanding Financial Services: Driving growth in the financial services segment.
- Enhancing Payment Services: Scaling the payment services business.
- Technology Investments: Advancing data analytics, machine learning (ML), artificial intelligence (AI), and product development.
- Payment Devices Expansion: Funding capital expenditure for payment device operations.
- General Corporate Needs: Supporting general corporate expenses.
One Mobikwik Systems Limited Contact Details
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
Mobikwik IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: mobikwik.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html