ONE MOBIKWIK SYSTEMS LIMITED

11 Dec 2024 - 13 Dec 2024 Individual Category Main Board BSE NSE

Min Investment

₹28090

Price Band

₹265-₹279

Issue Size

118.72 lakhs
Equity Shares

Lot Size

53 (per lot)

IPO Dates
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11 Dec 2024

Open Date

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13 Dec 2024

Close Date

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16 Dec 2024

Allotment Date

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18 Dec 2024

Listing Date

MobiKwik System IPO issue size is 1.19 crore equity shares. This IPO is entirely a fresh issue. The price band is decided at Rs 256 to Rs 279 per share. Mobikwik IPO 1 lot consists of 53 shares. The minimum investment for the retail category is to be around Rs 14,787. The allotment status will be released on Monday, December 16, 2024 at 10:00 am. The listing will be on the BSE and NSE platforms on Wednesday, December 18, 2024. Mobikwik IPO registrar is Link Intime India Private Limited. On the date of allotment, Investors can visit Link Intime India Private Limited website and select the name of the company and enter their PAN number or application ID to know their allotment status.

Know Before Investing

Strengths icon

  • MobiKwik System IPO: Innovative products like MobiKwik ZIP and Merchant Cash Advance offer flexibility to users.
  • Technology-driven solutions and impressive revenue growth showcase scalability and efficiency.
  • Strong brand recognition with 161 million users and 4.26 million merchant partners.

Weaknesses icon

  • MobiKwik System IPO: Intense competition from major digital payment players affects market share.
  • Regulatory challenges and reliance on external funding may impact growth.
  • Ongoing losses raise concerns about achieving sustainable profitability.

About One Mobikwik Systems Limited

Mobikwik Limited was founded in 2009, by Bipin Preet Singh and Upasana Taku. Mobikwik IPO is a digital fintech company that provides a variety of financial products and services. As of September 30, 2023, Mobikwik Limited has 146 million registered users and a merchant network of 3.81 million. The products of Mobikwik Limited are Mobile Wallet, Buy Now Pay Later, Personal Loans, Merchant Cash Advances, Wealth Management, Insurance distribution, payment gateway. Mobikwik Limited launched digital credit in 2018, to address the credit needs of the digital youth. With the 40 million credit pre-approved users, Mobikwik IPO focused on providing credit to the userved Indian population.

Founded

2009

Managing Director

Bipin Preet Singh

Parent Organization

IPO Objectives

MobiKwik System IPO objective is to provide better services to merchants who accept payments. The IPO funds will be used to improve the technology and payment services.Also, the money will be used for funding the growth of the Financial Services Business and payment services business. Also, investment in data, ML, AI, product, and technology is needed. The remaining funds will be used to fulfill general corporate purposes.

Company Promoters

Bipin Preet Singh

Upasana Rupkrishan Taku

Koshur Family Trust

Narinder Singh Family Trust

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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How to Apply for IPO

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IPO Allotment

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