The MobiKwik Date Will Be Updated Soon .
The issue size of the MobiKwik IPO will be Rs. 1900 crore, consisting of a fresh share offering of up to Rs. 1500 crore, according to the DRHP submitted to SEBI. The promoters and other shareholders will also make a 400 crore rupee offer for sale as part of the IPO. With this planned IPO, the company aims to raise about $1 billion in valuation. 75% of the IPO shares will be distributed to qualified institutional buyers, while 15% and 10% will be distributed to non-institutional and retail investors.
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Bidding Dates
Coming Soon
Price Range
₹0 per share
Face Value
₹0 per share
GMP
₹0
MobiKwik GMP
The MobiKwik IPO GMP is ₹[].
IPO Overview
Per the DRHP filed with SEBI, the issue size of MobiKwik IPO will be Rs. 1900 crore, comprising fresh share issues of up to Rs. 1500 crore. Moreover, the IPO will have an offer for sale worth Rs. 400 crore by promoters and certain shareholders. The company is targeting an approximately $1 billion valuation with this upcoming IPO. Qualified institutional buyers will be allotted 75% of the IPO shares, whereas non-institutional and retail investors will be allotted 15% and 10%, respectively.
MobiKwik IPO Financials
| Financial year | Total Revenue | Total Revenue | Profit after tax |
| 2018-19 | 160.23 Cr. | 335.08 Cr. | 147.97 Cr. |
| 2019-20 | 3,69.85 Cr. | 337.94 Cr. | 99.92 Cr. |
| 2020-21 | 302.26 Cr. | 423.14 Cr. | 111.30 Cr. |
Company Profile
One of the top mobile wallet and Buy Now, Pay Later (BNPL) service providers is MobiKwik. It has gained widespread acceptance by making routine mobile payments more manageable and extending the advantages of BNPL. A further objective of the digital payment corporation is to serve the credit needs of the constantly expanding online consumer base. This platform offers services like peer-to-peer payments via UPI, MobiKwik Wallet, and MobiKwik Wallet to bank payments. To simplify accepting and sending money online, MobiKwik also introduced Zaakpay, a subsidiary payment gateway, and MobiKwik Zip, a flagship BNPL solution.
One MobiKwik Systems Limited commenced operations in 2009 with MobiKwik Wallet, allowing users to load money into a mobile wallet and make payments with a single click. It is one of India’s largest mobile wallets and Buy Now Pay Later (BNPL) players. It also offers payment gateway services to e-commerce merchants.
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
