MobiKwik IPO GMP Today, MobiKwik IPO Grey Market Premium Updates |
MobiKwik IPO, Latest target, Opening gain
Incorporated in March 2008, Mobikwik is a fintech company providing prepaid digital wallets and online payment services.
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.
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.
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.
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.
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.
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
MobiKwik IPO Details:
| Issuer | MobiKwik IPO | |
| Issue Type | Book Built Issue IPO | |
| Issue Period | Issue Opens: Dec 11, 2024 | |
| Issue Closes: Dec 13, 2024 | ||
| Price Brand | ₹265 to ₹279 per share | |
| Issue Size | ₹572.00 Cr | |
| Face Value | ₹2 per share | |
| Market Lot | 53 Shares | |
| Retail (Max) | ₹192,231 | |
| QIB | 75% | |
| HNI | 15% | |
| Retail Individual Bidders | 10% | |
| Listing at | NSE & BSE | |
| ✔️ Apply With | ANGEL Free DEMAT Account | |
| Total Shares | Share 20,501,792 | |
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MobiKwik IPO GMP Rates day by day
MobiKwik IPO Market Lot:
| 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 Date, Allotment & Listing:
| MobiKwik IPO Opening Date: | December 11, 2024 |
| MobiKwik IPO Closing Date: | December 13, 2024 |
| Basis of Allotment: | December 16, 2024 |
| Initiation of Refunds: | December 17, 2024 |
| Credit to Demat Account: | December 17, 2024 |
| Listing Date: | December 18, 2024 |
MobiKwik Limited Financial Information (Restated)
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 | ||||||||||||||||||||||||||||||||||||
| 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
The market capitalization of Mobikwik IPO is Rs 2295.45 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| Debt/Equity | 0.73 |
| RoNW | 8.66% |
| P/BV | 9.81 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.46 | -3.22 |
| P/E (x) | 113.32 | -86.75 |
Objects of the Issue (MobiKwik IPO Objectives)
The Company proposes to utilise the Net Proceeds towards the following objects:
- Funding growth in the financial services business
- Funding growth in the payment services business
- Investment in data, ML, AI, product and technology
- Capital expenditure for the payment devices business
- General corporate purposes
MobiKwik IPO ALLOTMENT STATUS
How to Apply for MobiKwik IPO?
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How to Apply MobiKwik IPO through Zerodha?
Log in to the Console in the Zerodha Website or Application. Go to Portfolio and Click on IPO. You will see the IPO Name “MobiKwik”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with Zerodha.
How to Apply MobiKwik IPO through Upstox?
Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “MobiKwik”. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – the mandate. Open a Demat Account with Upstox.
In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before the UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released after the mandate expiry date.
PARENT COMPANY FOR SHAREHOLDER QUOTA
IPO ALLOTMENT TIPS & TRICKS
Frequently Asked Questions
MobiKwik IPO is a main-board initial public offering of 20,501,792 Equity shares of the face value of ₹2 aggregating up to ₹572.00 Crores. The issue price of the IPO is ₹265 to ₹279 Per Equity Share. The minimum order quantity is 53 Shares per application and the offer type is Book Built Issue. The IPO opens on Dec 11, 2024 and closes on Dec 13, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The MobiKwik IPO opens on Dec 11, 2024 and closes on Dec 13, 2024.
You can apply in MobiKwik IPO online using either UPI or ASBA as payment method. SBI Capital Markets Limited and Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) are the book running lead managers of the Mobikwik IPO, while Link Intime India Private Ltd is the registrar for the issue.
The finalization of Basis of Allotment for MobiKwik IPO will be done on Dec 16, 2024, and the allotted shares will be credited to your demat account by Dec 17, 2024. Check the MobiKwik IPO allotment status.
The MobiKwik IPO listing date is not yet announced. The tentative date of MobiKwik IPO listing is Dec 18, 2024.
MobiKwik IPO lot size is 53 Shares and the minimum order quantity is 1 Shares.