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.

Why should you invest in Mobikwik IPO?

Here are some reasons why investing in the Mobikwik IPO is a great decision:

 

  1. After the Abu Dhabi Investment Authority bought a $20 million stake in the company, the valuation of Mobikwik is at $720 million in May of 2021.
  2. Its services have made it very convenient for consumers to make payments of all kinds. Hence, it is rising in popularity

Financial Snapshot

The company's total assets, revenues, and profits during the last three years are shown below

  • Financial Year
    Total Assets
    Total Revenues
    Profit After Tax
  • March 2019
    Rs. 3350.84 Crores
    Rs. 1602.32 Crores
    Rs. 1479.73 Crores
  • March 2020
    Rs. 3379.36 Crores
    Rs. 3698.54 Crores
    Rs. 999.2 Crores
  • March 2021
    Rs. 4231.39 Crores
    Rs. 3022.56 Crores
    Rs. 1113 Crores


SWOT Analysis - Mobikwik IPO

Strength

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.

 

Weakness

With increasing competition, the company is finding it difficult to hold customers. 

 

Opportunity

If the company can assure safe transactions with a fool-proof system against fraud transactions, it might have an advantage over its competitors.

 

Threat

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.


Competitive Analysis - Mobikwik IPO

  1. The company is already well-known across the country and preferred by a number of users.
  2. The company is as much useful to merchants, lenders and websites as it is to the end-users.
  3. The cost of purchasing their service is also lower than most other competitors in the market. This gives them a considerable edge.



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.

Looking to invest in an IPO?

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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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