Mobikwik IPO is a book built issue of Rs 572.00 crores. The issue is entirely fresh issue of 2.05 crore shares.
Mobikwik IPO opened for subscriptions on December 11, 2024 and will end for registrations on December 13, 2024. The expected outcome date of allotment of Mobikwik IPO is December 16, 2024, on a Monday. At present, the listing of Mobikwik IPO has been scheduled on BSE, NSE as well, with the projected date of listing as Wednesday, December 18, 2024.
Mobikwik IPO price band has been set at ₹265 to ₹279 per share. The minimum lot size for an application is 53 Shares. The minimum amount of investment required to be made by a retail investor is ₹14,787. While the minimum lot size investment is 14 lots (742 shares) for sNII, it is valued at ₹207,018 and for bNII, it is 68 lots (3,604 shares) worth ₹1,005,516.
The book running lead managers of the Mobikwik IPO are SBI Capital Markets Limited and Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) while the registrar for the issue is Link Intime India Private Ltd.
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 Timeline
| 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
Minimum 53 shares are available for bid by an investor and in multiples thereof. Below table shows minimum and maximum investments made by retail investors and HNIs 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 |
About One Mobikwik Systems Private Limited
Mobikwik is a financial technology company formed in March 2008 and specialized in prepaid digital wallets and online payment services.
The company offers the following services to facilitate consumers with payments such as:
– Payment of utility bills, including mobile recharges, electricity bills, credit card bills, etc.
– Offline and online purchases such as groceries and even filling stations.
– Money transfer using phone number, UPI ID, or bank account.
– Bank balance inquiry.
– QR scanning, paying through UPI or Rupay credit cards.
Company financials
Accounts of One Mobikwik Systems Limited Financial Information (Restated Consolidated)
Increased Revenue of One Mobikwik Systems Limited by 59% and the increase in profit after tax (PAT) was 117% between the financial year ending on 31 March 2024 and 31 March 2023.
| Period Ended | 30 Jun 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
Mobikwik IPO: a brief review
Mobikwik’s IPO promises to enable the sale of fresh issue shares worth 2.05 crore for variation between ₹265 to ₹279 per share, with the overall IPO value of ₹572 crores. The subscription window remains open December 11 until December 13, 2024, while issuance on BSE and NSE is on December 18, 2024. For retail investors, a minimum of 53 shares will have to be subscribed to ₹14,787 with HNIs getting the options of higher slabs.
It will be managed by SBI Capital Markets and Dam Capital Advisors. The IPO aims to strengthen the financials of Mobikwik, which has been founded back in 2008 and operates well in this country in the spheres of digital wallets, UPI payments, and bill services in the area of fintech.
Financials continue to show a positive turn with Mobikwik reporting thus far a 59% revenue increase along with a 117% gain on reported PAT from FY 2023 to FY 2024. However, there were apprehensions over possible losses up until 2023.
Such an IPO would be giving great opportunity for investors having faith on the fintech growth story of India as it happens with the acceptance of the nation for digital payments on the rise and with steady growth of revenue earning. Risk-loving retail investors and HNIs can therefore take their impressive performance thus far with a pinch of salt given the backdrop of past financial volatility.
Stockbox Recommendation
| Investment Horizon | Recommendation |
| Listing Gain | YES |
| Short-Term Gain | YES |