One Mobikwik Systems Limited IPO (Mobikwik IPO)

Mobikwik IPO 2021
Upcoming Mobikwik IPO | New Mobikwik IPO

Compiled in 2009, Mobikwik is a technology company run by Fintech and is among the largest mobile wallets (MobiKwik Wallet) and Buy Now Pay Later (BNPL) players in India.

The Company’s business operations are divided into three main categories:

  1. BNPL – Combining MobiKwik Zip and Zip EMI which offers cheap and cheap small credit cards to middle-class Indians for daily payments and expenditure visually.
  2. Consumer Payments – Includes MobiKwik Wallet which is a mobile payment app.
  3. Payment Gateway – which includes Zaakpay, a payment gateway aggregator that provides end-to-end payment solutions for online merchants.

The company focuses on the fastest growing payment market in India by offering daily mobile payments and the benefits of Buy Now Pay Later (BNPL) offerings. As of March 31, 2021, Mobikwik has more than 101.37 million registered users and more than 3.44 million e-commerce, sex workers, and building partners.

Mobikwik IPO

Competitive Strengths

  • Strong synergy across business network benefiting all the parties.
  • Organic addition of majority of the users with low customer acquisition cost (CAC)
  • Strong consumer brand recognition and recall across the country
  • Technology-powered, Innovation Driven company.

Company Promoters

  1. Bipin Preet Singh
  2. Upasana Rupkrishan Taku
  3. Koshur Family Trust
  4. Narinder Singh Family Trust

Company Financials

ParticularsFor the year/period ended (₹ in Millions)
31-Mar-2131-Mar-2031-Mar-19
Total Assets4,231.393,379.363,350.84
Total Revenue3,022.563,698.541,602.32
Profit After Tax(1,113.00)(999.20)(1,479.73)

Objects Of The Issue

  • Funding organic growth initiatives;
  • Funding inorganic growth; and
  • General corporate purposes.
Mobikwik IPO
Object Of The Issue

Mobikwik IPO Risk

  • The COVID-19 pandemic, as well as any future pandemic might have a significant and negative effect on their company and operations.
  • If they are unable to acquire new customers or retailers, as well as keep and expand their current client or vendor connections, their business and results of operations would decline.
  • Any possible exposure of or failure to otherwise secure individual sensitive, or confidential data, as well as cyberattacks against their system, might hurt their brand and substantially and negatively affect their business.
  • In the fintech business, they face significant and growing competitiveness. Their business and financial situation will suffer if they are unable to compete successfully.

Other Threats

  • In their respective auditors’ statements for Their annual report for Fiscals 2019, 2020, and 2021, as relevant, their Statutory Auditors and prior statutory auditors have included a qualifier, highlighting on matters, and a substantial doubt relating to going concern.
  • Its finance needs and intended Net Proceeds deployment have not been evaluated by any bank, financial institution, or other independent body, and their management will have considerable discretion over how the Net Proceeds are used.
  • They may not be able to continue their current growth rates, especially in their BNPL business, and past success may not be predictive of future results.

Mobikwik IPO – Tentative Details

IPO Opening DateOctober 2021
IPO Closing DateOctober 2021
Issue TypeBook Built Issue IPO
Issue SizeRs 1900 Crore
Face Value₹2 per equity share
IPO Price[] To [] Per Equity Share
Market Lot
Min Order Quantity
Listing AtBSE, NSE
Total Share Issue
RegisterLinkInTime India Private Ltd

Mobikwik IPO – Tentative Timetable

IPO Open DateOctober 2021
IPO Close DateOctober 2021
Basis of Allotment DateOctober 2021
Initiation of RefundsOctober 2021
Credit of Shares to Demat AccountOctober 2021
IPO Listing DateOctober 2021

Mobikwik IPO – Tentative Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Minimum
Maximum

Promoter’s Holding

Pre Issue Share Holding34.52%
Post Issue Share Holding

Company Contact Information

One Mobikwik Systems Limited

5 th Floor, HUDA City Centre,
Metro Station, Sector 29,
Gurugram, Gurgaon, Haryana, 122 001

Phone: +91 (124) 640 9190
Email: cs@mobikwik.com
Websitehttps://www.mobikwik.com/

Mobikwik IPO Registrar

Link Intime India Private Limited

C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg
Vikhroli (West)
Mumbai 400 083, Maharashtra

Telephone: +91 22 4918 6200
E-mail: mobikwik.ipo@linkintime.co.in
Website: www.linkintime.co.in

Mobikwik IPO Lead Manager(s)

1. ICICI Securities Limited
2. BNP Paribas
3. Credit Suisse Securities (India) Private Limited
4. IIFL Securities Limited
5. Jefferies India Private Limited

Mobikwik IPO FAQs

When Mobikwik IPO will open?

The Mobikwik IPO Tentative dates are October 2021 To October 2021.
What is the lot size of Mobikwik IPO?

Mobikwik IPO lot size and the minimum order quantity is [].
How to apply for Mobikwik IPO?

You can apply in Mobikwik IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services.
When is Mobikwik IPO listing date?

The Mobikwik IPO listing date is not announced. The date of Mobikwik IPO listing is [].

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