Mobikwik IPO Date, Review, Price, Allotment Details ; GMP ; Listing Gains all here given below for you.
The Mobikwik Systems IPO is set to open on December 11, 2024, and will close on December 13, 2024. This IPO is a Book Built Issue, with the company aiming to raise approximately ₹572 crores. This includes a fresh issue of ₹572 crores and an offer for sale of up to [.] equity shares with a face value of ₹2 each.
The price band for the Mobikwik Systems IPO is set at ₹265 to ₹279 per share. The allocation for retail investors is 10%, for Qualified Institutional Buyers (QIB) is 75%, and for High Net Worth Individuals (HNI) is 15%. The listing of the IPO on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) is scheduled for December 18, 2024, with the allotment date set for December 16, 2024.
In terms of financial performance, the company reported revenue of ₹539.47 crores in 2023, compared to ₹526.57 crores in 2022. The company also reported a loss of ₹83.81 crores in 2023, an improvement from the loss of ₹128.16 crores in 2022. Based on these financials, potential IPO investors are advised to consider a long-term investment approach.
The Mobikwik Systems IPO minimum market lot is 53 shares with ₹14,787 application amount. The retail investors can apply up-to 13 lots with 689 shares or ₹1,92,231 amount.
Application
Lot Size
Shares
Amount
Retail Minimum
1
53
₹14,787
Retail Maximum
13
689
₹1,92,231
S-HNI Minimum
14
742
₹2,07,018
B-HNI Minimum
68
3,604
₹10,05,516
Mobikwik Systems IPO Dates
The Mobikwik IPO date is December 11 and the close date is December 13. The Vishal Mega Mart IPO allotment will be finalized on December 16 and the IPO listing on December 18.
IPO Open Date:
December 11, 2024
IPO Close Date:
December 13, 2024
Basis of Allotment:
December 16, 2024
Refunds:
December 17, 2024
Credit to Demat Account:
December 17, 2024
IPO Listing Date:
December 18, 2024
Promoters of Mobikwik Systems IPO
The promoters of the company are Bipin Preet Singh, Upasana Rupkrishan Taku, Koshur Family Trust, and Narinder Singh Family Trust.
About Mobikwik Systems IPO
Established in 2009 by Bipin Preet Singh and Upasana Taku, MobiKwik is at the forefront of revolutionizing the future of finance in India as the leading digital banking platform. MobiKwik offers a wide range of financial products to both consumers and merchants, including secure payments, quick digital credit, and investment opportunities. The platform simplifies money management, making transactions faster, smarter, and more accessible than ever before.
MobiKwik’s motto is to continuously add value for both new and existing customers by introducing new products in the digital credit, investments, and insurance sectors. By expanding their portfolio, they aim to provide a variety of solutions for their customers while driving growth in profitability. As a result of their efforts, the company reported a profit of 94.78 million in the past six months, ending on September 30, 2023.
Mobikwik Systems IPO Company Financial Report
The company reported revenue of ₹539.47 crores in 2023 against ₹526.57 crore in 2022. The company reported loss of ₹83.81 crores in 2023 against loss of ₹128.16 crores in 2022.
Amount ₹ in Crores
Period Ended
Revenue
Expense
Profit After Tax
Assets
2021
₹288.57
₹404.07
₹111.30
₹423.14
2022
₹526.57
₹658.63
₹128.16
₹836.13
2023
₹539.47
₹617.04
₹83.81
₹714.33
September 2023
₹381.09
₹366.83
₹9.48
₹687.35
Mobikwik Systems IPO Valuation – FY2023
Check Mobikwik Systems IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
KPI
Values
ROE:
-%
ROCE:
-%
EBITDA Margin:
-%
PAT Margin:
-%
Debt to equity ratio:
–
Earning Per Share (EPS):
–₹14.66 (Basic)
Price/Earning P/E Ratio:
N/A
Return on Net Worth (RoNW):
-59.09%
Net Asset Value (NAV):
₹24.80
Peer Group Comparison
Company
EPS
PE Ratio
RoNW %
NAV
Income
One 97 Communications Ltd
(27.50)
(23.11)
(13.67)
205.00
84,00.00 Cr.
Affirm Holdings, Inc^
(267.20)
(15.74)
(38.25)
682.96
12,703.88 Cr.
PayPal Holdings, Inc.*
168.00
28.11
11.52
1427.75
220,144.00 Cr.
Objects of the Issue
Securing funding for the expansion of their financial services business, as well as their payment services business.
Investing in data, machine learning, artificial intelligence, product development, and technology.
Allocating capital for the enhancement of their payment devices business.
Stay tuned for more updates and insights on the stock market! For more insights on investing in the Indian stock market, check out resources like Moneycontrol and NSE India.
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