Mobikwik IPO

Mobikwik

IPO Details

Bidding Dates

To be announced

Bidding Dates

Min. Investment

-

Min. Investment

Lot Size

-

Lot Size

Price Range

-

Price Range

Issue Size

-

Issue Size

IPO Doc

(D)RHP PDF  

(D)RHP PDF

About Mobikwik IPO

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.

SWOT Analysis - Mobikwik IPO

MobiKwik is riding on the back of the upward trend in digital payments and mobile wallet culture way before its peers. Moreover, this digital payment company has been proactively expanding its service offerings to boost its customer base and leveraging newer market trends. With the increase in usage in digital payments, especially in the pandemic, mobile wallets are expected to gain further momentum.



Recently, MobiKwik ran into a major security and data breach on its platform, which is a major cause for concern. On March 30 2021, the personal data of over 10 crore MobiKwik customers was leaked for sale on the dark web, making it one of the largest data breaches in India's history. Events like these can adversely affect the business and lead to financial losses. Secondly, competition is fierce and there are bigger players in the digital payment space with larger user bases and brand recognition in comparison with MobiKwik.



How to apply for Mobikwik IPO?

You can apply for the Mobikwik IPO in these ways:

UPI
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.

Demat Account

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.

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Frequently Asked Questions (FAQs) - Mobikwik IPO

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.

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