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.
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.
Mobikwik IPO – Details
| IPO Opening Date | 11 December 2024 |
| IPO Closing Date | 13 December 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 2,05,01,792 Shares Worth ₹572.00 Crore Offer For Sale: 2,05,01,792 Shares Worth ₹572.00 Crore |
| Face Value | ₹2 per equity share |
| IPO Price | ₹265 – ₹279 per share |
| Market Lot | 53 Shares |
| Min Order | 53 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 75% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 10% |
Mobikwik IPO – Date Schedule
| IPO Open Date | 11 November 2024 |
| IPO Close Date | 13 December 2024 |
| Basis of Allotment | 16 December 2024 |
| Initiation of Refund | 17 December 2024 |
| Credit of Shares to Demat Account | 17 December 2024 |
| IPO Listing Date | 18 December 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 13, 2024 |
Mobikwik IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 53 | ₹14,787 |
| Retail (Max) | 13 | 689 | ₹1,92,231 |
| S-HNI (Min) | 14 | 742 | ₹2,07,018 |
| S-HNI (Max) | 67 | 3,551 | ₹9,90,729 |
| B-HNI (Min) | 68 | 3,604 | ₹10,05,516 |
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.
Company Promoters
- Bipin Preet Singh
- Upasana Rupkrishan Taku
- Koshur Family Trust
- Narinder Singh Family Trust
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 543.21 | 658.62 | -128.16 | 150.91 |
| 31 March 2023 | 561.11 | 617.03 | -83.81 | 192.27 |
| 31 March 2024 | 890.31 | 853.09 | 14.07 | 211.70 |
| 30 June 2024 | 345.82 | 343.59 | -6.61 | 206.34 |
Key Performance Indicator
| 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 |
Object Of The Issue
- 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 Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 1 | One 97 Communications Ltd | – |
Mobikwik IPO Promoter Holding
| Pre Issue Share Holding | 34.21% |
| Post Issue Share Holding | 25.18% |
Mobikwik IPO Prospectus
Company Contact Information
| One Mobikwik Systems Limited Unit 102, 1st Floor, Block-B, Pegasus One, Golf Course Road, Sector-53, Gurugram, 122 003 Phone: +91 1244903344 Email: ipo@mobikwik.com Website: https://www.mobikwik.com/ir |
Mobikwik IPO Registrar
| Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: mobikwik.ipo@linkintime.co.in Website: https://linkintime.co.in/initial_offer/public-issues.html |
Mobikwik IPO Lead Manager(s)
| 1. SBI Capital Markets Limited 2. DAM Capital Advisors Limited |
Mobikwik IPO FAQs
| What is Mobikwik IPO? Mobikwik IPO is a main-board IPO. The issue is priced at ₹265 to ₹279 per equity share. The IPO is to be listed on BSE & NSE. |
| When Mobikwik IPO will open? The IPO is to open on 11 December 2024 for QIB, NII, and Retail Investors. |
| What is Mobikwik IPO Investors Portion? The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%. |
| How to Apply the Mobikwik IPO? You can apply Mobikwik IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Mobikwik IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Mobikwik IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Mobikwik IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Mobikwik IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Mobikwik IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Mobikwik IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Mobikwik IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Mobikwik IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Mobikwik IPO Size? Mobikwik IPO size is ₹572.00 Crore. |
| What is the Mobikwik IPO Price Band? Mobikwik IPO Price Band is ₹265 to ₹279. |
| What is Mobikwik IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 53 Shares with ₹14,787 amount while the maximum bid is 689 Shares with ₹1,92,231. |
| What is the Mobikwik IPO Allotment Date? Mobikwik IPO allotment date is 16 December 2024. |
| What is the Mobikwik IPO Listing Date? Mobikwik IPO listing date is 18 December 2024. The IPO is to be listed on BSE and NSE. |
