{getButton} $text={IPO Allotment Satus} $icon={link} $color={#125ef66}
{getButton} $text={Upcoming IPO With GMP} $icon={link} $color={#125ef66}
{getButton} $text={Upcoming SME IPO With GMP} $icon={link} $color={#125ef66} {getButton} $text={Open Demat A/c (Dhan)} $icon={link} $color={#125ef66}
{tocify} $title={Table of Contents}
Mobikwik IPO: Everything You Need to Know
If you're interested in the fintech sector, the Mobikwik IPO is one of the most awaited upcoming IPOs in December 2024. Mobikwik, a leading player in digital payments and financial services, is all set to go public, offering investors an exciting opportunity to participate in its growth story. Let’s dive into the details of the Mobikwik IPO, its price, date, and everything else you need to know.
About Mobikwik
Incorporated in March 2008, Mobikwik is one of India's prominent fintech companies, offering a range of digital payment and financial services. The company has transformed the way people make payments, making it easy, fast, and secure.
Here’s what Mobikwik allows its users to do:- Pay utility bills like mobile recharges, electricity, and credit card bills.
- Make purchases at both online and offline merchants, including retail stores and fuel stations.
- Transfer money to UPI IDs, phone numbers, or bank accounts.
- Check bank balances in a few clicks.
- Scan QR codes and make payments using UPI or Rupay credit cards.
Key Details of the Mobikwik IPO
Particulars | Details | ||
---|---|---|---|
IPO Size | ₹572 Crores | ||
IPO Type | 100% Fresh Issue | ||
IPO Opening Date | December 11, 2024 | ||
IPO Closing Date | December 13, 2024 | ||
Price Band | ₹265 to ₹279 per share | ||
Lot Size | 53 Shares | ||
Minimum Retail Investment | ₹14,787 | ||
sNII Investment | ₹2,07,018 (14 lots = 742 shares) | ||
bNII Investment | ₹10,05,516 (68 lots = 3,604 shares) | ||
Listing Date | December 18, 2024 | ||
Listing Exchanges | BSE and NSE |
With a price band of ₹265 to ₹279 per share and a minimum lot size of 53 shares, the IPO is accessible to both retail investors and high-net-worth individuals (HNIs).
Mobikwik IPO Reservation Details
The IPO shares are reserved for various investor categories as follows:
Investor Category | Reservation |
---|---|
Qualified Institutional Buyers (QIB) | Not less than 75% of the net issue |
Non-Institutional Investors (NII) | Not more than 15% of the net issue |
Retail Investors (RII) | Not more than 10% of the net issue |
Mobikwik’s Financial Performance
Mobikwik has demonstrated steady growth in revenue while gradually improving its profitability. Here’s a snapshot of its financial performance:
Period Ended | Revenue (₹ Crores) | Profit After Tax (₹ Crores) |
---|---|---|
30 June 2024 | 345.83 | -6.62 |
FY 2024 | 890.32 | 14.08 |
FY 2023 | 561.12 | -83.81 |
FY 2022 | 543.22 | -128.16 |
Key Insights:
- Revenue grew by 59% from FY 2023 to FY 2024.
- Profit After Tax (PAT) saw a 117% improvement, shifting from a loss to a profit position in FY 2024.
This consistent growth highlights Mobikwik's potential as a promising fintech company.
Objectives of the Mobikwik IPO
The net proceeds from the IPO will be used for the following purposes:
- Growth in Financial Services: Expanding Mobikwik’s credit and insurance products.
- Enhancing Payment Services: Increasing merchant and user adoption for its digital payment solutions.
- Technology Upgrades: Investment in data, machine learning (ML), artificial intelligence (AI), and new product innovations.
- CapEx for Payment Devices: Scaling up hardware devices for merchants.
- General Corporate Purposes: Supporting day-to-day operations and strengthening the company’s financial position.
Why Should You Consider Investing in Mobikwik IPO?
Strengths:
- Innovative Fintech Platform: Mobikwik offers a comprehensive range of services, making it a one-stop solution for digital payments and financial needs.
- Growing Market Share: As digital payments rise in India, Mobikwik is well-positioned to benefit from this trend.
- Improving Financial Health: With revenue increasing and losses shrinking, the company is on a solid path to profitability.
- Focus on Technology: Investments in AI, ML, and other technologies will enhance its product offerings and customer experience.
- High Competition: Mobikwik faces intense competition from giants like Paytm, Google Pay, and PhonePe.
- Dependence on Digital Adoption: While digital payments are growing, a significant portion of India still relies on cash transactions.
- Loss History: Despite recent profitability, Mobikwik has reported significant losses in prior years.
FAQs About Mobikwik IPO
1. When does the Mobikwik IPO open and close?
The IPO opens on December 11, 2024, and closes on December 13, 2024.
2. What is the Mobikwik IPO price band?
The price band is set at ₹265 to ₹279 per share.
3. What is the minimum investment required for retail investors?
Retail investors can apply for a minimum of 1 lot (53 shares), requiring an investment of ₹14,787.
4. What is the minimum investment for NIIs?
sNII: Minimum 14 lots = ₹2,07,018.
bNII: Minimum 68 lots = ₹10,05,516.5. What are the key financial highlights of Mobikwik?
The company’s revenue grew by 59%, and it reported a PAT of ₹14.08 crores in FY 2024, marking a significant turnaround from losses in previous years.
6. What are the objectives of the Mobikwik IPO?
The proceeds will be used to expand Mobikwik’s financial services, enhance its payment solutions, invest in technology, and fund general corporate purposes.
Conclusion
The Mobikwik IPO offers an exciting opportunity to invest in one of India’s leading fintech platforms. With its robust growth trajectory and focus on innovation, Mobikwik is poised to capture a significant share of the booming digital payments market.
However, like any investment, this IPO comes with risks, including competition and market adoption challenges. Investors should evaluate their risk appetite and financial goals before subscribing.