IPO

Mobikwik IPO Date, Price, GMP, Review, Details, Issue Date, Lot Size, Allotment, Subscription Status


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Mobikwik IPO details: The Mobikwik Systems IPO will open on December 11, 2024, and close on December 13, 2024. This IPO is a Book Built Issue, with the company aiming to raise approximately ₹572 crores. The amount includes a fresh issue of ₹572 crores and an offer for sale of up to [.] equity shares, each with a face value of ₹2.

The price band for the Mobikwik Systems IPO is ₹265 to ₹279 per share. The allocation breakdown is as follows: 10% for retail investors, 75% for Qualified Institutional Buyers (QIBs), and 15% for High Net-Worth Individuals (HNIs). The shares are expected to list on both BSE and NSE on December 18, 2024. The allotment date is set for December 16, 2024.

In terms of financials, Mobikwik Systems reported a revenue of ₹539.47 crores in 2023, up from ₹526.57 crores in 2022. The company incurred a loss of ₹83.81 crores in 2023, an improvement from the loss of ₹128.16 crores in 2022. Based on these figures, IPO investors are advised to consider a long-term investment approach.

Mobikwik Systems IPO Details

  • IPO Opening Date: December 11, 2024
  • IPO Closing Date: December 13, 2024
  • Face Value: ₹2 per equity share
  • Price Band: ₹265 to ₹279 per share
  • Issue Size: Approximately ₹572 Crores
  • Fresh Issue: Approximately ₹572 Crores
  • Issue Type: Book Built Issue
  • IPO Listing: BSE & NSE
  • Retail Quota: Maximum 10%
  • QIB Quota: Maximum 75%
  • NII Quota: Maximum 15%
  • DRHP Draft Prospectus: Click Here
  • RHP Draft Prospectus: Click Here

Mobikwik Systems IPO Market Lot Details

The minimum market lot for the Mobikwik Systems IPO is 53 shares, with an application amount of ₹14,787. Retail investors can apply for up to 13 lots, which equals 689 shares or an amount of ₹1,92,231.

ApplicationLot SizeSharesAmount
Retail Minimum153₹14,787
Retail Maximum13689₹1,92,231
S-HNI Minimum14742₹2,07,018
B-HNI Minimum683,604₹10,05,516

Mobikwik Systems IPO Schedule

The Mobikwik IPO will open on December 11, 2024, and close on December 13, 2024. The final allotment for the IPO will be determined on December 16, 2024. Investors can expect refunds by December 17, 2024, and shares will be credited to Demat accounts on the same day. The IPO will officially list on December 18, 2024.

  • IPO Open Date: December 11, 2024
  • IPO Close Date: December 13, 2024
  • Basis of Allotment: December 16, 2024
  • Refunds: December 17, 2024
  • Credit to Demat Account: December 17, 2024
  • IPO Listing Date: December 18, 2024

Promoters of MobiKwik Systems IPO

The promoters behind MobiKwik Systems IPO include Bipin Preet Singh, Upasana Rupkrishan Taku, Koshur Family Trust, and Narinder Singh Family Trust.

About MobiKwik Systems IPO

Founded in 2009 by Bipin Preet Singh and Upasana Taku, MobiKwik is revolutionizing the financial landscape in India as a leading digital banking platform. Offering a wide range of financial products, MobiKwik serves both consumers and merchants with secure payment solutions, quick digital credit, and investment opportunities. The platform aims to simplify money management by making transactions faster, smarter, and more accessible.

MobiKwik’s goal is to continuously enhance its value for both new and existing customers by expanding its offerings in digital credit, investments, and insurance. By broadening its portfolio, the company strives to provide diverse financial solutions while driving growth and profitability. In fact, MobiKwik reported a profit of ₹94.78 million for the six months ending on September 30, 2023.

MobiKwik Systems IPO: Financial Report

MobiKwik Systems reported a revenue of ₹539.47 crores in 2023, a slight increase from ₹526.57 crores in 2022. The company also reduced its loss to ₹83.81 crores in 2023, compared to a loss of ₹128.16 crores in the previous year.

Financial Overview (Amount in ₹ Crores)

Period EndedRevenueExpenseProfit After TaxAssets
2021₹288.57₹404.07₹111.30₹423.14
2022₹526.57₹658.63₹128.16₹836.13
2023₹539.47₹617.04₹83.81₹714.33
September 2023₹381.09₹366.83₹9.48₹687.35

MobiKwik Systems IPO Valuation – FY2023

Here are the key valuation metrics for MobiKwik Systems IPO, including Earning Per Share (EPS), Price/Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV):

KPIValues
ROE-%
ROCE-%
EBITDA Margin-%
PAT Margin-%
Debt to Equity Ratio
Earnings Per Share (EPS)–₹14.66 (Basic)
Price/Earnings (P/E) RatioN/A
Return on Net Worth (RoNW)-59.09%
Net Asset Value (NAV)₹24.80

Peer Group Comparison

Here is a comparison of MobiKwik with its peers in the industry based on key financial metrics:

CompanyEPSP/E RatioRoNW %NAVIncome
One 97 Communications Ltd(₹27.50)(23.11)(13.67)₹205.00₹84,000.00 Cr.
Affirm Holdings, Inc.^(₹267.20)(15.74)(38.25)₹682.96₹12,703.88 Cr.
PayPal Holdings, Inc.*₹168.0028.1111.52₹1,427.75₹220,144.00 Cr.

Objects of the Issue

The funds raised through the MobiKwik Systems IPO will be used for the following purposes:

  • Supporting growth in their financial services business
  • Expanding their payment services business
  • Investment in data, machine learning (ML), artificial intelligence (AI), and product technology
  • Capital expenditure for the payment devices business
  • General corporate purposes

MobiKwik Systems IPO Review

Several financial institutions have reviewed the MobiKwik Systems IPO, including:

  • Canara Bank
  • DRChoksey FinServ
  • Emkay Global
  • Hem Securities
  • IDBI Capital
  • Marwadi Shares
  • Nirmal Bang
  • SBICAP Securities
  • Sharekhan
  • SMC Global
  • Sushil Finance
  • Swastika Investmart
  • Ventura Securities
  • Geojit
  • Reliance Securities
  • Capital Market
  • BP Wealth
  • ICICIdirect
  • Choice Broking

MobiKwik Systems IPO Registrar

The registrar for the MobiKwik Systems IPO is:

Link Intime India Pvt Ltd
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Phone: +91 810 811 4949
Email: mobikwik.ipo@linkintime.co.in
Website: www.linkintime.co.in

IPO Lead Managers (Merchant Bankers)

The lead managers for the MobiKwik Systems IPO are:

DAM Capital Advisors Ltd.

Company Address

MobiKwik Systems Limited
Unit 102, 1st Floor, Block-B, Pegasus One,
Golf Course Road, Sector-53, Gurugram, Haryana-122003
Phone: +91 (124) 490 3344
Email: ipo@mobikwik.com
Website: www.mobikwik.com/ir

How to apply for MobiKwik Systems IPO

You can apply for the MobiKwik Systems IPO online via ASBA through your bank account, or by using UPI through your stockbroker. Alternatively, you can apply by filling out an offline form with your stockbroker.

What is the MobiKwik Systems IPO issue size?
The issue size is ₹572 crores.

What is the price band for MobiKwik Systems IPO?
The price band for the IPO is ₹265 to ₹279 per equity share.

What is the MobiKwik Systems IPO lot size?
The minimum bid is for 53 shares, which amounts to ₹14,787.

What is the MobiKwik Systems IPO allotment date?
The IPO allotment date is December 16, 2024.

What is the MobiKwik Systems IPO listing date?
The listing date for the MobiKwik Systems IPO is December 18, 2024. The shares will be listed on both BSE and NSE.

FAQs for MobiKwik Systems IPO

What is MobiKwik Systems IPO?
MobiKwik Systems IPO is a main-board IPO where the company plans to raise ₹572 crores. The price band for the issue is ₹265 to ₹279 per equity share. The IPO will be listed on BSE and NSE.

When will MobiKwik Systems IPO open for subscription?
The IPO will open on December 11, 2024, for Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and Retail Investors. The IPO will close on December 13, 2024.

What is the investor portion in the MobiKwik Systems IPO?
The IPO allocation is as follows:

  • 75% for QIB
  • 15% for NII
  • 10% for Retail Investors

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