Mobikwik Systems IPO Details
| IPO Issue Open Date: | 11 December 2024 |
| IPO Issue Close Date: | 13 December 2024 |
| IPO Issue Price Band: | ₹265 to ₹279 Per Share |
| Face Value: | ₹2 Per Equity Share |
| IPO Issue Size: | ₹572 Crores | [.] shares |
| Fresh Issue: | ₹572 Crores | [.] shares |
| Offer for Sale: | ₹[.] Crores |
| Issue Type: | Book Built Issue |
| IPO Listing At: | NSE |
| IPO Retail Quota: | Not more than 10% |
| QIB Quota: | Not more than 75% |
| NII Quota: | Not more than 15% |
| Employee Discount: | ₹[.] per share |
Mobikwik Systems IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Mobikwik Systems IPO Dates Timeline
| Issue Open Date: | 11 December 2024 |
| Issue Close Date: | 13 December 2024 |
| Basis of Allotment Date: | 16 December 2024 |
| Refunds Initiation: | 17 December 2024 |
| Shares Credit in Demat: | 17 December 2024 |
| IPO Listing Date Detail: | 18 December 2024 |
Mobikwik Systems IPO Market Lot
| Application | Lot Size, Shares and Price Details |
| Retail (Min) | 1 lots and 53 shares = ₹14,787 |
| Retail (Max) | 13 lots and [.] shares = ₹[.] |
| HNI (Min) | 14 lots and [.] shares = ₹[.] |
| B-HNI Minimum | 68 lots and [.] shares = ₹[.] |
Mobikwik Systems IPO GMP*
| GMP Date | GMP Today | Subject to Sauda | Kostak | Expected Gain |
| Today | ₹- | ₹- | ₹- | ₹- |
About Mobikwik Systems
Mobikwik Systems Company was founded by Bipin Preet Singh and Upasana Taku, who have prior experience in building scalable technology and financial products at their previous organisations. Their Company’s aim is to leverage technology as the primary factor to facilitate financial inclusion for the underserved population in India.
Their Company is a platform business at its core, that has a two-sided payments network, consisting of consumers and merchants. Their Company has acquired 146.94 million Registered Users and enabled 3.81 million Merchants to make and accept payments online and offline, as of September 30, 2023. The usefulness of their platform for new and existing consumers increases, as they add netheyr products to their digital credit, investments, and insurance verticals. As they continue to expand the portfolio of products under these verticals, they believe they can transform the platform into an increasingly compelling offering for their consumers while simultaneously enhancing its profitability and value. As a result, their Company has achieved profit amounting to ₹ 94.78 million for the six months ended September 30, 2023.
Mobikwik Systems IPO Strengths
- Empowering Journeys: Our Company’s legacy of providing positive and sustainable consumer experience
- Large, engaged consumer base acquired with low CAC
- Efficient operational management of loan products distributed by us
Objects of the IPO Issue
- Funding growth in thier financial services business
- Funding growth in thier payment services business
- Investment in data, ML and AI and product and technology
- Capital expenditure for our payment devices business
- General corporate purposes
Mobikwik Systems Company Financial Report
The company reported revenue of ₹539.47 crores in 2023 against ₹526.57 crores in 2022. The company reported a loss of ₹83.81 crores in 2023 against a loss of ₹128.16 crores in 2022.
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 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 – Key Performance Indicator
KPI as of March 31, 2024.
| KPI | Values |
| ROE: | -% |
| ROCE: | -% |
| EBITDA Margin: | -% |
| PAT Margin: | -% |
| Debt to equity ratio: | – |
| Earning Per Share (EPS): | –₹14.66 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | -59.09% |
| Net Asset Value (NAV): | ₹24.80 |
Peer Group Comparison
The below peer comparison table’s data are showing as per the DRHP and RHP.
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| One 97 Communications Ltd | (27.50) | (23.11) | (13.67) | 205.00 | 84,00.00 Cr. |
| Affirm Holdings, Inc^ | (267.20) | (15.74) | (38.25) | 682.96 | 12,703.88 Cr. |
| PayPal Holdings, Inc.* | 168.00 | 28.11 | 11.52 | 1427.75 | 220,144.00 Cr. |
Mobikwik Systems IPO Registrar
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
Mobikwik Systems IPO Lead Manager
- DAM Capital Advisors Ltd.
Mobikwik Systems IPO allotment status check on Link Intime website. Click on Link Intime India Pvt Ltd to get allotment status.
Promoters of Mobikwik Systems
- Bipin Preet Singh
- Upasana Rupkrishan Taku
- Koshur Family Trust
- Narinder Singh Family Trust
Company Address
One 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