Mobikwik IPO

About One Mobikwik Systems IPO

The One Mobikwik Systems IPO is an IPO of ₹572 crores. The entire offer is a fresh issue and does not have an offer for sale. The offer opens on Dec 11, 2024 and closes on Dec 13, 2024. The anchor investor bid period is on Dec 10, 2024.

Objectives of the IPO

• Fund organic growth in financial and payment services.
• Invest in research and development for data, ML, and AI.
• Capital expenditure for payment devices.
• General corporate purposes.

Anchor investors bid date:

The anchor investor date is December 10, 2024. The company may allocate up to 60% of the QIB portion to anchor investors, out of which one third will be allocated to Mutual Funds.

Book running lead managers and registrar for the IPO:

• SBI Capital Markets Limited
• DAM Capital Advisors Limited

Registrar for the IPO: Link Intime India Private Limited

Business Model:

• Payment Services: Facilitating consumer-to-merchant and peer-to-peer transactions via wallet, UPI, and card payments.
• Financial Services: Distribution of credit products like pay-later and merchant loans.
• Value-Added Services: Mutual funds, insurance, and digital gold.

Growth Trajectory:

Revenue from operations grew from ₹5,265.65 million in FY22 to ₹8,750.03 million in FY24. Profit after tax turned positive at ₹140.79 million in FY24, after losses in previous years.

Market Position:

One Mobikwik Systems is a significant player in India’s burgeoning fintech industry. With a two-sided payments network connecting millions of consumers and merchants, the company leverages proprietary technology and analytics to enhance user experience. Its diversified offerings position it competitively in the digital financial services ecosystem.

Industry Overview:

India's fintech industry is experiencing exponential growth, driven by increasing digital adoption and a robust consumer internet ecosystem. With the total digital credit value expected to grow from USD 11.6 billion in FY23 to approximately 4% of retail lending by FY28, the sector presents vast opportunities for expansion.

About Mobikwik company:

One Mobikwik Systems is a leading digital payments and financial services platform in India. The company facilitates payments via wallets, UPI, and credit services, catering to both consumers and merchants. It also offers investment and insurance products through its platform.

One Mobikwik Systems IPO Risk Factors

Regulatory Compliance: High dependence on RBI approvals for key services.

Intense Competition: Operates in a competitive fintech space with both traditional and digital competitors.

Cybersecurity Threats: Potential risks associated with data breaches and operational disruptions.

How to check allotment status?

You can check the allotment status of shares either on the website of the Bombay Stock Exchange (BSE) or on the website of the registrar — Link InTime India Pvt Ltd. To check the status on the BSE website:

• Visit the BSE website
• Click on “Investor Services” and choose “Application Status Check”
• Choose the issue type — Equity or Debt (Equity in this case)
• Select the Issue Name from the drop-down. The issue name is the company’s name, which is One Mobikwik Systems Ltd
• Enter your application number or PAN number
• Check the box which says “I’m not a Robot” and click on “Search” to know the allotment status

Follow these steps to know the allotment status on the registrar’s website:

• Visit the LinkIntime website
• Choose “Public Issues” from the “Investor Services” drop-down
• Select One Mobikwik Systems Ltd from the drop-down
• Enter your PAN number or Application number
• Click on “Submit” to know the allotment status