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About One Mobikwik Systems Ltd IPO
One Mobikwik Systems is set to roll out a Rs 572 crore book. It will comprise entirely a fresh issue of 2.05 crore shares. The firm is gearing up to list on both the BSE and NSE, marking its entry into the stock market.
Retail investors must make a minimum investment of Rs 14,787 to participate. Small NII investors need to invest at least Rs 207,018 for 742 shares, equivalent to 14 lots. Large NII investors need a minimum investment of Rs 1,005,516 for 3,604 shares, which is 68 lots.
Link Intime India Pvt Ltd has been appointed as the official registrar for this offering. SBI Capital Markets Ltd and Dam Capital Advisors Ltd are the book running lead managers in this IPO.
One Mobikwik Systems Ltd IPO Latest GMP:
The latest Mobikiwik IPO GMP is Rs 136, as of 11th December, 2024 09:30 AM. The IPO has a price band of Rs 279. The estimated listing price for One Mobikwik Systems Ltd is Rs 415, reflecting a potential gain of 48% per share.
For the IPO, the Retail Subject to Sauda is Rs 5,200, and the Small HNI Subject to Sauda is Rs 72,800. The GMP ranges from a low of Rs 100 to a high of Rs 130.
One Mobikwik Systems IPO Details
| One Mobikwik Systems Ltd IPO Opening Date and Closing Date | 11th December to 13th December |
| Face Value | Rs 2 per share |
| Price Band | Rs 265 to Rs 279 per share |
| Lot Size | 53 Shares |
| Total Issue Size | 20,501,792 shares (aggregating up to Rs 572 Cr) |
| Offer for Sale | 20,501,792 shares (aggregating up to Rs 572 Cr) |
| Issue Type | Book-Built Type Issue |
| Listing At | NSE, BSE |
| Shareholding Pre-Issue | 57,184,521 |
| Shareholding Post Issue | 77,686,313 |
| Basis of Allotment | Monday, 16th December, 2024 |
| Refund Initiation | Tuesday, 17th December, 2024 |
| Credit of Shares in Demat | Tuesday, 17th December, 2024 |
| Listing Date | Wednesday, 18th December, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on 13th December, 2024 |
| Draft Red Herring Prospectus | Link |
| Red Herring Prospectus | Link |
About One Mobikwik Systems Company
- Mobikwik, founded in March 2008, offers prepaid digital wallets and online payment services as a fintech company.
- MobiKwik, with 161.03 million users and 4.26 million merchants as of 30th June, 2024, offers digital payment services like utility bill payments, online and offline purchases, money transfers, and QR code-based payments.
- Innovative products include MobiKwik ZIP (buy now, pay later), ZIP EMI, and Merchant Cash Advance, leveraging digital infrastructure like Aadhaar and Digi-Locker for seamless experiences.
- Merchant solutions include online checkout, Kwik QRs, MobiKwik Vibe (soundbox), EDC machines, and accessible credit options through Merchant Cash Advance.
- The technology team consists of 226 employees as of 30th June, 2024, and the company has secured 19 registered trademarks with 11 applications pending under the Trade Mark Act, 1999.
One Mobikwik Systems Ltd IPO Lot Size, Shares, And Their Value:
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 53 | Rs 14,787 |
| Retail (Max) | 13 | 689 | Rs 192,231 |
| S-HNI (Min) | 14 | 742 | Rs 207,018 |
| S-HNI (Max) | 67 | 3,551 | Rs 990,729 |
| B-HNI (Min) | 68 | 3,604 | Rs 1,005,516 |
Investor categories and One Mobikwik Systems Ltd shares offered:
| Investor Category | Shares Offered |
| QIB Shares Offered | Not less than 75.00% of the offer |
| Retail Shares Offered | Not more than 10.00% of the Offer |
| NII (HNI) Shares Offered | Not more than 15.00% of the Offer |
One Mobikwik Systems Ltd Company Performance:
For the period ended on 31st March, 2024 & 31st March, 2023:
| Periods Ended | 31st Mar, 2024 | 31st Mar, 2023 |
| Assets | Rs 854.65 Cr. | Rs 714.33 Cr. |
| Revenue | Rs 890.32 Cr. | Rs 561.12 Cr. |
| Profit After Tax | Rs 14.08 Cr. | Rs -83.81 Cr. |
| Net Worth | Rs 142.69 Cr. | Rs 162.59 Cr. |
| Reserves and Supplies | Rs 151.15 Cr. | Rs 131.26 Cr. |
| Total Borrowing | Rs 211.7 Cr. | Rs 192.27 Cr. |
One Mobikwik Systems Ltd IPO: Worth Investing?
Financial Performance:
Revenue: The company generated Rs 345.83 crore in revenue during the period ended on 30th June, 2024.
Net Worth: The company’s net worth, which represents the total value of the company’s assets minus its liabilities, is Rs 216.54 crore.
Financial Position:
Assets: The company’s total assets amounted to Rs 908.1 crore.
Reserves and Surplus: The company has accumulated reserves and surplus of Rs 147.21 crore.
One Mobikwik Systems Ltd Key Performance Indicators (KPI) and their values:
The market capitalisation of One Mobikwik Systems Ltd IPO is Rs 2,295.45 crore. As of 31st March, KPI and their values are:
| KPI | Values |
| Return on Net Worth (RoNW) | 8.66% |
| Debt-to-Equity (D/E) | 0.73 |
| Price to Book Value (P/BV) | 9.81 |
Objectives of One Mobikwik Systems Ltd IPO
The company plans to use the Net Proceeds for:
- Expanding its financial and payment services businesses.
- Investing in data, ML, AI, products, and technology.
- Funding payment device-related capital expenses and general corporate needs.
Key Risks of Investing in One Mobikwik Systems Ltd IPO
- Mobikwik has faced losses recently, raising doubts about its ability to achieve sustainable profitability.
- The digital payment space in India is competitive, with major players like Paytm, PhonePe, and Google Pay challenging Mobikwik’s market share.
- Regulatory and compliance challenges could affect Mobikwik’s operations due to changes in the fintech landscape.
- Reliance on external funding may limit Mobikwik’s growth if capital becomes hard to raise.
Some Frequently Asked Questions (FAQs)
What is the price band of One Mobikwik Systems Ltd IPO?
Price band has been fixed at Rs 265 and Rs 279 per share.
What is the retail investor quota of One Mobikwik Systems Ltd IPO?
A maximum of 10% shares shall go to the retail investors.
What is the lot size and share distribution for High Net-Worth Individuals (HNIs)?
The lot size for HNIs is 14 lots, with a total of 742 shares allocated.
How can I apply for One Mobikwik Systems Ltd Initial Public Offer?
You can apply through your demat account, banking channels, or other financial institutions during the IPO period.
When is the Last Date of IPO subscription for One Mobikwik Systems Ltd?
The cut-off time is 5 PM on 13th December, 2024, but many brokers close applications earlier, typically between 1-3 PM.
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