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19 Dec 2024
One Mobikwik Systems Limited IPO
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.
Jungle Camps India IPO Overview:
- ● Issue Type: Fresh issue (book built)
- ● IPO Size: ₹572.00 crores
- ● Subscription Dates: December 11, 2024 to December 13, 2024
- Shares Offered: 2.05 crore shares
- ● Price Per Share: ₹265 to ₹279 per share
- ● Minimum Lot Size: 53 shares per application
- ● Book Running Lead Managers: SBI Capital Markets Limited , Dam Capital Advisors Ltd (formerly IDFC Securities Ltd)
- ● Registrar: Link Intime India Private Ltd
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Mobikwik Limited GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | 279 | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Jungle Camps India IPO Details
| Detail | Description |
|---|---|
| IPO Date | December 10, 2024 to December 12, 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 |
| Shareholding pre issue | 57,184,521 |
| Shareholding post issue | 77,686,313 |
Mobikwik IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| 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 Lot Size
| 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 Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
Mobikwik IPO Promoter Holding
| Share Holding Pre Issue | 32.96% |
| Share Holding Post Issue |
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.
One Mobikwik Systems Limited Financial Information
| Period Ended | 30 June 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
| Assets | 908.1 | 854.65 | 714.33 | 836.13 | ||||||||||||||||||||||||||||||||||||
| Revenue | 345.83 | 890.32 | 561.12 | 543.22 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | -6.62 | 14.08 | -83.81 | -128.16 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 216.54 | 142.69 | 162.59 | 158.65 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 147.21 | 151.15 | 131.26 | 205.1 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 206.34 | 211.7 | 192.27 | 150.91 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| RoNW | 8.66% |
| Debt/Equity | 0.73 |
| P/BV | 9.81 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.46 | -3.22 |
| P/E (x) | 113.32 | -86.75 |
Mobikwik IPO Objectives:-
-
The Company proposes to utilise the Net Proceeds towards the following objectives:
- 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 Systems IPO FAQs
-
What is Mobikwik Systems IPO?
Mobikwik Systems IPO is a main-board IPO. The company is going to raise ₹572 Crores via IPO. The issue is priced at ₹265 to ₹279 per equity share. The IPO is to be listed on BSE & NSE.
-
When will the Mobikwik Systems IPO open for subscription?
The IPO is to open on December 11, 2024 for QIB, NII, and Retail Investors. The IPO will close on December 13, 2024.
-
What is Mobikwik Systems IPO Investors Portion?
The investors’ portion for QIB is 75%, NII is 15%, and Retail is 10%.
-
What is Mobikwik Systems IPO Issue Size?
Mobikwik Systems IPO issue size is ₹572 crores.
-
What is Mobikwik Systems IPO Price Band?
Mobikwik Systems IPO Price Band is ₹265 to ₹279.
-
What is Mobikwik Systems IPO Lot Size?
The minimum bid is 53 Shares with ₹14,787.
-
What is the Mobikwik Systems IPO Allotment Date?
Mobikwik Systems IPO allotment date is December 16, 2024.
-
What is the Mobikwik Systems IPO Listing Date?
Mobikwik Systems IPO listing date is December 18, 2024. The IPO is to be listed on BSE & NSE.
-
What is the Mobikwik Systems current GMP?
The current GMP of the Mobikwik Systems is ---.
RHP:
RHP of One Mobikwik Systems Limited IPO
DRHP:
DRHP of One Mobikwik Systems Limited IPO
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