One Mobikwik Systems IPO share price Listing Details

Listed On                    Issue Price          Listing Price                   Listing Gains

     —                                  ₹279.00              ₹440.00                     ₹161.00 (57.71%)

One Mobikwik Systems IPO Details

Bidding Dates                          Min. Investment         Lot Size            Price Range

11 Dec ‘24 – 13 Dec ’24           ₹14,045                             53                 ₹265 – ₹279

Issue Size                         IPO Doc

572.00Cr                          MOBIKWIK PDF

Subscription rate As of 13 Dec’24, 04:00 PM

Qualified Institutional Buyers                    35.3413161760743x

Non-Institutional Investor                          88.192572276607x

Retail Individual Investor                             113.417308859434x

Total                                                                 63.95x

About One Mobikwik Systems

Founded in 2008

Managing director :    Mr. Bipin Preet Singh

Parent organisation :  One Mobikwik Systems Ltd

Strengths & Financials of One Mobikwik Systems:-

One Mobikwik Systems IPO- MobiKwik operates as a platform-based business with a two-sided payment network that connects consumers and merchants. For consumers, the MobiKwik app offers different payment options alongside financial products, including digital credit, investments, and insurance solutions.

The MOBIKWIK company’s product portfolio includes services such as online checkout for e-commerce merchants, “Scan and Pay” with Kwik QR, MobiKwik Vibe (a soundbox solution), the MobiKwik EDC machine, and Merchant Cash Advance. MobiKwik has also developed offerings like MobiKwik ZIP and ZIP EMI for consumers following collaborations with lending partners, as well as Merchant Cash Advance solutions specifically for merchants.

ABOUT MOBIKWIK:

Founded in 2008

Managing director :   Mr. Bipin Preet Singh

Parent organisation : One Mobikwik Systems Ltd

Strengths/Weakness/Risk & Financials of One Mobikwik Systems:-

• For MobiKwik, the number of registered users has grown at a compound annual growth rate (CAGR) of 12.31% from 123.56 million on 31 March 2022 to 155.84 million on 31 March 2024. As of June 30 June 2024, the company had 161.03 million registered users.

• Evolving from a payments-focused business, MobiKwik claims it has transformed into a multi-product platform offering financial services. By consolidating and analysing consumer financial data through advanced analytics and machine learning, the company provides personalised financial solutions tailored to individual behaviour, capabilities, and aspirations.

• MobiKwik, in partnership with SBM Bank India, offers a fixed deposit-backed credit card. This product is designed to help individuals with little or no credit history build their credit scores.

• The company has collaborated with several leading lending partners, including Unity Small Finance Bank, TVS Credit Services, Hero Fincorp, Poonawalla Fincorp, SMFG India Credit (formerly Fullerton India), Suryoday Small Finance Bank, Northern Arc Capital, MyShubhLife, Krazybee Services, Vivriti Capital, and Transactree Technologies.

• By June 30, 2024, MobiKwik had over 70.88 million KYC-completed users on its platform, acquired primarily through the MobiKwik Wallet.

• The number of unique merchants where MobiKwik ZIP users transacted increased from 20,671 as of March 31, 2022, to 32,898 as of March 31, 2024.

• MobiKwik leverages the account aggregator technology to offer a personal financial management product. By consolidating financial data into a single platform, the tool—powered by analytics and machine learning—

           helps consumers better understand and manage their finances, promoting financial wellness             through personalised solutions.

• The company has seen a consistent increase in revenue from operations. Revenue from operations increased from Rs 526.56 crore in FY22 to Rs 539.47 crore in FY23 to Rs 875.00 crore in FY24. 

WEAKNESS/RISK OF MOBIKWIK:-

• The industry in which MobiKwik operates is susceptible to cyber risks. Any security breaches, cyberattacks, or failure to protect personal, confidential, or proprietary information could harm MobiKwik’s reputation, negatively impacting its business operations.
• The company’s performance depends on retaining and expanding its network of consumers, merchants, and lending partners. A decline in the number of registered users or revenue from its digital payments and financial services businesses could hit its operations and finances.
• MobiKwik’s ability to distribute financial products relies heavily on partnerships with lending institutions. In FY24, revenue generated by financial services stood at Rs 557.88 crore and Rs 170.73 crore in the three months ending June 30, 2024, reflecting dependency on these collaborations. Any failure to maintain these partnerships could adversely impact the company’s financial services business.
• The company has incurred significant losses of Rs 128.16 crore in FY22 and Rs 83.81 crore in FY23. A repeat of this in the future could be bad for the company’s financial and reputational standing.

• MobiKwik relies on Zaakpay for critical operations in its payments and financial services businesses, including MobiKwik ZIP and ZIP EMI. Any disruption in Zaakpay’s services could harm the platform’s functionality, adversely affecting MobiKwik’s brand, reputation, and financial results.

• A significant portion of MobiKwik’s financial services revenue is tied to its MobiKwik ZIP and ZIP EMI products.

• Any downturn in these offerings, or failure to develop new financial products, could hit the company’s revenue and operational performance.

• MobiKwik and its subsidiary, Zaak ePayment Services Private Limited, are involved in certain legal proceedings. Any adverse judgments in any of these cases could be detrimental to its business prospects.

• As of June 30, 2024, MobiKwik had an outstanding debt of Rs 206.34 crore. Any inability to repay or service these loans could adversely affect the company’s financial position.

Application Details of One Mobikwik Systems IPO

Apply as                                 Price band                         Apply upto

Regular                                    ₹265 – 279                            ₹2 Lakh

High Networth Individual     ₹265 – 279                          ₹2 – 5 Lakh

              Top One Mobikwik Systems IPO FAQs:-

Q-What is the issue size of One Mobikwik Systems Ltd IPO?

The issue size of the One Mobikwik Systems Ltd IPO is 5720000000.0.

Q-What is One MobiKwik Systems Limited?

One MobiKwik Systems Limited is the parent company that owns MOBIKWIK.

Q-What are the open and close dates of the MOBIKWIK IPO?

MOBIKWIK IPO date is yet to be announced.

Q-What is the lot size and minimum order quantity of the MOBIKWIK IPO?

MOBIKWIK IPO price and quantity is yet to be announced.

Q-What are the allotment dates for the MOBIKWIK IPO?

MOBIKWIK IPO allotment dates have not been announced yet.

Q-Who is the registrar of MOBIKWIK IPO?

Link Intime India Pvt. Ltd.

Q-Where is the MOBIKWIK IPO getting listed?

The shares are proposed to be listed on the BSE and NSE.

Q-What is ‘pre-apply’ for One Mobikwik Systems Ltd IPO?

Pre-apply will allow you to apply for the One Mobikwik Systems Ltd IPO 2 days before the subscription period starts.

Q-If I pre-apply for One Mobikwik Systems Ltd IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the One Mobikwik Systems Ltd IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens