One Mobikwik Systems Limited IPO (Mobikwik IPO) Detail

Incorporated in 2009, Mobikwik is a technology driven Fintech company and is among one of the largest mobile wallets (MobiKwik Wallet) and Buy Now Pay Later (BNPL) players in India.

Company’s business operations are divided into three major segments:

  1. BNPL – Consisting of MobiKwik Zip and Zip EMI which provides accessible and affordable small-ticket credit to middle-class Indians for daily payments as well as discretionary spending.
  2. Consumer Payments – Consisting of MobiKwik Wallet which is a mobile payments app.
  3. Payment Gateway – which includes Zaakpay, a payment gateway aggregator offering end-to-end payment solutions to online merchants.

The company is focussing on the fast-growing online payments market of India by providing everyday mobile payments and benefits of Buy Now Pay Later (BNPL) offerings. As of March 31, 2021, Mobikwik has over 101.37 million registered users and more than 3.44 million e-commerce, physical retail, and biller partners.

Competitive Strengths:

  • Strong synergy across business network benefiting all the parties.
  • Organic addition of majority of the users with low customer acquisition cost (CAC)
  • Strong consumer brand recognition and recall across the country
  • Technology-powered, Innovation Driven company.

Company Promoters:

Bipin Preet Singh, Upasana Rupkrishan Taku, Koshur Family Trust, and Narinder Singh Family Trust are the company promoters.

Company Financials:

ParticularsFor the year/period ended (₹ in Millions)
Total Assets4,231.393,379.363,350.84
Total Revenue3,022.563,698.541,602.32
Profit After Tax(1,113.00)(999.20)(1,479.73)

Objects of the Issue:

  • Funding organic growth initiatives;.
  • Funding inorganic growth; and
  • General corporate purposes.

Mobikwik IPO Details

IPO Opening Date
IPO Closing Date
Issue TypeBook Built Issue IPO
Face Value₹2 per equity share
IPO Price[.] to [.] per equity share
Market Lot
Min Order Quantity
Listing AtBSE, NSE
Issue Size[.] Eq Shares of ₹2
(aggregating up to ₹1,900.00 Cr)
Fresh Issue[.] Eq Shares of ₹2
(aggregating up to ₹1,500.00 Cr)
Offer for Sale[.] Eq Shares of ₹2
(aggregating up to ₹400.00 Cr)

Mobikwik IPO Promoter Holding

Pre Issue Share Holding73.95%
Post Issue Share Holding

Company Contact Information

One Mobikwik Systems Limited
5 th Floor, HUDA City Centre,
Metro Station, Sector 29,
Gurugram, Gurgaon, Haryana, 122 001
Phone: +91 (124) 640 9190

Mobikwik IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

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