To be announced
The issue size of MobiKwik IPO aggregates upto Rs 1900 crore comprising fresh share issue of up to Rs. 1500 crore. The promoters and certain shareholders have an offer for sale worth Rs 400 crore in the IPO. The company is targeting a valuation of approximately $1 billion with this upcoming IPO.
Founded in 2009, MobiKwik is an Indian digital payment company that provides a mobile phone based payment system and digital wallet. The company offers the 'Buy Now Pay Later' (BNPL) option easing regular mobile payments for customers. With a significant number of consumers looking at making online purchases, the digital payment company looks to address their credit requirements.
MobiKwik has also launched Zaakpay, its subsidiary payment gateway and MobiKwik Zip, a flagship BNPL solution to ease the process of accepting and paying money digitally. This platform allows the usage of services like peer-to-peer payments through UPI and MobiKwik Wallet.
Here are some reasons why investing in the Mobikwik IPO is a great decision:
The company's total assets, revenues, and profits during the last three years are shown below
Mobikwik is a technology-oriented company that offers a contactless payment system for the users. It also helps the users to save up on these payments. In today’s world where digital payments are a way of life for both customers, retailers and websites, Mobikwik is expected to do well. The company has also approached multiple Asset Management Companies that carefully allocate its resources.
With increasing competition, the company is finding it difficult to hold customers.
If the company can assure safe transactions with a fool-proof system against fraud transactions, it might have an advantage over its competitors.
The company’s progress is ultimately dependent on the consumption levels. If people use the product less, it is going to have huge negative impacts on the company - as was seen during the initial months of the Covid-19 pandemic.
You can apply for the Mobikwik IPO in these ways:
Link your personal bank A/C to a trusted UPI ID and map it with your TradeSmart account. Now, proceed further to book your IPO. On acceptance of the mandate, the bid amount will get blocked in your bank account Learn more.
1. If you are an Existing TradeSmart demat account holder and wish to apply for an Mobikwik click here.
2. If you don't have a TradeSmart Account? Sign up.
When is the Mobikwik IPO open for subscription?
The Mobikwik IPO date is yet to be announced.
How much is Mobikwik looking to raise from this IPO?
Mobikwik is aiming to raise Rs 1900 crore in the form of a fresh issue worth Rs 1500 crore and an offer-for-sale (OFS) of shares up to Rs 400 crore by promoters and shareholders.
What is the lot size and the minimum order quantity for the Mobikwik IPO?
The details on the IPO are yet to be announced.
Who is the registrar for the Mobikwik IPO?
Link Intime India Ltd is the registrar for this upcoming IPO.
Where is the Mobikwik IPO getting listed?
Once the Mobikwik IPO is out, the shares will be listed on both BSE and NSE.
Who are the investors in Mobikwik?
Bajaj Finance, Tree Line, Sequoia Capital, Amex and Cisco are currently invested in Mobikwik.
Which categories of investors are allowed to participate in this IPO?
Qualified institutional buyers will be allotted 75% of the IPO shares, whereas non-institutional and retail investors will be allotted 15% and 10% of the shares, respectively.
Who are the merchant bankers to the issue?
MobiKwik has appointed ICICI Securities, IIFL Securities, Credit Suisse Securities (India) Private Limited, Jefferies India and BNP Paribas as its merchant banker.