₹ 14787 / 53 shares
IPO Details
RHP/DRHPIssue Date
11 Dec - 13 Dec'24
Investment/lot
₹ 14787
Price Range
265 - 279
Lot Size
53
IPO Size
₹ 572.00 Cr
IPO Listing Details
Listing On
18 Dec'24
Issue Price
279
Listed Price
₹ 440
Retail Gain/Listing Gain
▲57.71%
IPO Timeline
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.
One Mobikwik Systems IPO Valuation
| Particulars | Value |
|---|---|
Upper Price Band | ₹279 |
Existing Shares To be sold | 0 shares |
Fresh Issue | 20,501,792 shares |
Market Cap | ₹3860 crores |
EPS | 2.46 |
One Mobikwik Systems IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
Retail (Min) | 1 | 53 | ₹14,787 |
Retail (Max) | 13 | 689 | ₹192,231 |
S-HNI (Min) | 14 | 742 | ₹207,018 |
S-HNI (Max) | 67 | 3551 | ₹991,729 |
Comparison with peers
| Name of the company | Face Value | Total Income | EPS (Basic) | NAV | P/E | RoNW |
|---|---|---|---|---|---|---|
One Mobikwik Systems | 2 | 8903.15 | 2.46 | 28.43 | 8.66 | |
One 97 Communications Limited | 1 | 105247 | (22.33) | 209.29 | NA | (10.70) |
Affirm Holdings Inc | 0.0008 | 185839.90 | (133.60) | 702.64 | NA | (18.95) |
PayPal Holdings Inc | 0.008 | 2381680 | 308 | 1,570.94 | 22.17 | 20.17 |
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.
Key Financials
Presentation of key financial metrics and indicators to assess One Mobikwik Systems's financial health.
| Metric | FY22 | FY23 | FY24 |
|---|---|---|---|
Revenue from Ops | 5,265.65 | 5,394.67 | 8,750.03 |
Total Equity and Liabilities | 8546.50 | 7143.34 | 8361.30 |
RoNW (%) | -59.19% | -58.74% | 8.66% |
All Financial Information about Mobikwik
Comprehensive financial data, including revenue, profit/loss statements, EBITDA, and other critical metrics.
Particulars (in Rs. million)
Particulars (in Rs. million)
Key Financial Information about Mobikwik
| Metric | FY22 | FY23 | FY24 |
|---|---|---|---|
Total Income | 5,432.19 | 5,611.16 | 8,903.15 |
Profit/Loss Before Tax | -1,284.18 | -806.26 | 140.8 |
Net Profit/Loss | -1,281.62 | -838.14 | 140.79 |
EPS (₹) | -23.04 | -14.66 | 2.46 |
EBITDA | -1,154.06 | -559.2 | 372.2 |
Cash Flow Statement
| (in millions) | FY24 | FY23 | FY22 |
|---|---|---|---|
Profit/loss before tax | 140.80 | (806.26) | (1284.18) |
Net cash generated from/using operating activities | (220.66) | 270.13 | (3,205.86) |
Net Cash generated from investing activities | 270.63 | (6.78) | (847.72) |
Net cash generated from financing activities | 34.85 | 179.68 | 3,294.16 |
Cash and cash equivalent at the end of the year | (208.72) | (293.54) | (736.54) |
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 Strengths
Platform Advantage
A two-sided network enabling seamless consumer and merchant transactions.
Innovative Products
Strong focus on credit products like ZIP and merchant loans.
Rapid Growth
Consistent revenue growth supported by technology-driven initiatives.
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
One Mobikwik Systems IPO Review | IPO Issue details | Financials | Key Highlights
Kotak Securities
•03m 17s
Mobikwik IPO FAQs
When is Mobikwik IPO listing date?
Mobikwik IPO will list on 2024-12-18.
What is the issue size of Mobikwik IPO?
572.00 is the issue size of Mobikwik IPO.
What is the minimum lot size required for Mobikwik IPO?
The minimum lot size is 53 shares and the investment required is ₹14787.
What is the price band of the Mobikwik IPO?
The price band of Mobikwik IPO is ₹265 to ₹279.
Where can I read more about Mobikwik business?
You can read more about Mobikwik and its IPO from the company’s red herring prospectus (RHP) here.
What is the One Mobikwik Systems Limited IPO?
The One Mobikwik Systems Limited IPO has an issue size of ₹572 crores. The IPO opens for subscription on 11/12/2024 and closes on 13/12/2024.
Who is the Registrar for One Mobikwik Systems Limited IPO?
Link Intime India Limited is the registrar for this IPO.
