One MobiKwik Systems Limited is set to launch its IPO. The IPO will open on 11 December 2024 (Wednesday) and close on 13 December 2024 (Friday). This is a book-built issue IPO. Through this issue, the company aims to raise approximately ₹572 crores from potential investors.
The IPO consists entirely of a fresh issue of 20,501,792 equity shares amounting to ₹572 crores. The face value of the shares is ₹2 per share, and the price band is set between ₹265 and ₹279 per share. Investors can bid for a minimum lot size of 53 shares.
IPO Key Highlights
| Category | Detail | Information |
|---|---|---|
| Key Dates | IPO Open Date | December 11, 2024 |
| IPO Close Date | December 13, 2024 | |
| Pricing Information | Face Value | ₹2 per share |
| Price Band | ₹265 to ₹279 per share | |
| Offer Structure | Total Issue Size | 20,501,792 shares (amounting up to ₹572.00 Cr) |
| Fresh Issue | 20,501,792 shares (amounting up to ₹572.00 Cr) | |
| Offer for Sale | Not applicable | |
| Investor Details | Lot Size | 53 Shares |
| Listing Exchange | BSE and NSE | |
| IPO Type | Type | Book Built Issue IPO |
Important Dates to Remember
| Event | Date |
|---|---|
| IPO Opening Date | 11 December 2024 (Wednesday) |
| IPO Closing Date | 13 December 2024 (Friday) |
| Finalisation of Basis of Allotment | 16 December 2024 (Monday) |
| Initiation of Refunds | 17 December 2024 (Tuesday) |
| Credit of Shares to Demat Account | 17 December 2024 (Tuesday) |
| Listing Date | 18 December 2024 (Wednesday) |
What is GMP of Mobikwik IPO Today?
As of December 18, 2024, the Grey Market Premium (GMP) for the Mobikwik IPO is ₹160. This indicates that the shares are expected to list at approximately ₹439 per share.
Note: GMP is an unofficial indicator and is based on market speculation; it does not guarantee actual listing performance.
Company’s Key Metrics (FY 2024)
| Period | 30 Jun 2024 (₹ Crore) | 31 Mar 2024 (₹ Crore) | 31 Mar 2023 (₹ Crore) | 31 Mar 2022 (₹ Crore) |
|---|---|---|---|---|
| Total Assets | 908.1 | 854.65 | 714.33 | 836.13 |
| Total Revenue | 345.83 | 890.32 | 561.12 | 543.22 |
| Total Expenses | 343.60 | 853.10 | 617.04 | 658.63 |
| Profit After Tax | -6.62 | 14.08 | -83.81 | -128.16 |
| Company’s Net Worth | 216.54 | 142.69 | 162.59 | 158.65 |
| Total Reserves & Surplus | 147.21 | 151.15 | 131.26 | 205.1 |
As of 30 June 2024, One MobiKwik Systems Limited has hold a total assets of ₹908.1 crores. There has been a steady increase in the assets from ₹854.65 crores as of FY 2024. The company’s total revenue for FY 2024 stood at ₹890.32 crores, It shows a significant rise in revenue from ₹561.12 crores in FY 2023, indicating a good growth signals. However, total expenses also increased to ₹853.10 crores in FY 2024.
Despite the rise in expenses, MobiKwik achieved a profit after tax of ₹14.08 crores in FY 2024. It can be seen as a turnaround from the losses of ₹83.81 crores in FY 2023 and ₹128.16 crores in FY 2022.
Lot Size and Application Amount
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail Investor (Minimum Lot) | 1 | 53 | ₹14,787 |
| Retail Investor (Maximum Lot) | 13 | 689 | ₹192,231 |
| Small HNI Investor (Minimum Lot) | 14 | 742 | ₹207,018 |
| Small HNI Investor (Maximum Lot) | 67 | 3,551 | ₹990,729 |
| Big HNI Investor (Minimum Lot) | 68 | 3,604 | ₹1,005,516 |
Investor Category-Wise Reservation
| Investor Category | Shares Offered |
|---|---|
| Shares Offered to QIB | Not less than 75% of the Net Issue |
| Shares Offered to Retail Investors | Not more than 10% of the Net Issue |
| Shares Offered to Non-Institutional Investors (HNI) | Not more than 15% of the Net Issue |
Net Cash Flow Generated
| Net Cash Flow | For the Period Ended 30 June 2024 (₹ in millions) | FY 2024 (₹ in millions) | FY 2023 (₹ in millions) | FY 2022 (₹ in millions) |
|---|---|---|---|---|
| Net Cash Flow from Operating Activities | 135.04 | -220.66 | 270.13 | -3,205.86 |
| Net Cash Flow from Investing Activities | -113.41 | 270.63 | -6.78 | -847.72 |
| Net Cash Flow from Financing Activities | -145.70 | 34.85 | 179.68 | 3,294.16 |
| Net (Decrease)/Increase in Cash and Cash Equivalents | -124.07 | 84.82 | 443.03 | -759.42 |
Peer Comparison: EPS, PE Ratio, and Face Value
| Company Name | EPS* Basic (₹) | P/E Ratio | Face Value (₹) |
|---|---|---|---|
| One MobiKwik Systems Limited | 2.46 | 28.43 | 2.00 |
| PayPal Holdings, Inc. | 308.00 | 22.17 | 0.008 |
| Affirm Holdings, Inc | -133.60 | 702.64 | 0.0008 |
| One 97 Communications Ltd | -22.33 | 209.29 | 1.00 |
Segment Wise Revenue Breakdown
| Particulars | 30 June 2024 (₹ in millions) | FY 2024 (₹ in millions) | FY 2023 (₹ in millions) | FY 2022 (₹ in millions) |
|---|---|---|---|---|
| India | 3,422.49 | 8,750.03 | 5,394.67 | 5,265.65 |
| Outside India | 0.18 | 8.52 | 21.67 | 24.14 |
| Total Revenue | 3,422.67 | 8,758.55 | 5,416.34 | 5,289.79 |
Key Objectives of this Issue
The fund raised through this issue will be utilized for the following purposes.
- To fund the organic growth and expansion in the financial services.
- To invest in the organic growth of the payment services business.
- To enhance research and development efforts in data.
- To fund the payment devices business.
- To meet general corporate purposes.
Strengths and Weaknesses of Mobikwik
Strengths:
- Mobikwik has a vast user base.
- The company provides a diverse range of services, including wallets and BNPL.
- A trusted brand in India’s digital payments space.
- the company has a strong focus on innovation with advanced technology .
Weaknesses:
- The company has to follow a strict regulatory compliance.
- Faces strong competition from larger players like Paytm, and PhonePe.
- Customer and merchant retention is critical.
- Does not offer Fastag services, limiting its business potential compared to competitors.
It is always beneficial to read Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP) carefully to better understand its financials and growth opportunities before making a decision.
Looking for more IPO reviews? Check out our IPO Dashboard for recent posts on other Main-board IPO & SME IPOs for the latest market updates.
Commonly Asked Questions
- What are the opening and closing dates for the Mobikwik public offering?
The issue will open on December 11, 2024, and close on December 13, 2024. - Who are the lead managers for this offer?
The lead managers are SBI Capital Markets Limited and DAM Capital Advisors Limited. - Who is the registrar for the MobiKwik IPO?
The registrar is Link Intime India Private Limited. - What is the issue price for the MobiKwik offer?
The issue price is fixed between ₹265 and ₹279 per equity share. - What is the minimum lot size for retail investors in this issue?
Retail investors can bid for a minimum of 53 shares, amounting to ₹14,787. - What are the main objectives of the issue?
The Initial Public Offer aims to fund the organic growth of its financial and payment services businesses, invest in research and development and meet general corporate purposes. - On which stock exchanges will the shares be listed?
The shares are proposed to be listed on BSE and NSE. - What is the total issue size for the MobiKwik public offer?
The IPO consists of 20,501,792 equity shares, amounting to ₹572 crores. - When will the allotment and refund process begin?
Allotment will begin on 16 December, 2024, and refunds will start on 17 December. - When will the shares be credited to the Demat account?
Shares will be credited to investors’ Demat accounts on 17 December, 2024. - What is the expected listing date for the IPO?
The shares are expected to list on December 18, 2024.
Note: This article is based on the information received from the company’s official documents, including the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). For up-to-date information on the Grey Market Premium (GMP) for the Mobikwik Systems Ltd IPO, you may please check our Current GMP, where we will post the latest figures as soon as they are available.
Disclaimer: This article is for educational purposes only. We do not offer any advice on buying or selling securities. Please consult your financial advisor before investing in an IPO or any other securities to make sure that it suits your financial plans and risk tolerance.
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