About Mobikwik Systems IPO
Founded in 2009 by Bipin Preet Singh and Upasana Taku, Mobikwik has emerged as a pioneer in revolutionizing the financial landscape in India. As a leading digital banking platform, Mobikwik offers a diverse range of financial products tailored for both consumers and merchants.
From secure payments to quick digital credit and investment opportunities, Mobikwik simplifies money management, ensuring transactions are faster, smarter, and more accessible.
The company’s mission is to enhance value for both new and existing customers by introducing innovative solutions in digital credit, investments, and insurance. By consistently expanding its portfolio, Mobikwik not only meets customer needs but also drives profitability.
A testament to its growth and commitment, the company reported a profit of ₹94.78 million for the six months ending September 30, 2023.
With a vision to redefine financial services, Mobikwik continues to strengthen its position as a trusted partner in India’s digital banking ecosystem.
Mobikwik Systems IPO 2024: Key Details and Financial Insights
Mobikwik Systems, a prominent digital banking platform in India, is launching its Initial Public Offering (IPO). Below is a detailed analysis of the IPO, its structure, and the company’s financial performance.
IPO Timeline
- Open Date: December 11, 2024
- Close Date: December 13, 2024
- Basis of Allotment: December 16, 2024
- Refunds Processed: December 17, 2024
- Credit to Demat Accounts: December 17, 2024
- Listing Date: December 18, 2024
IPO Structure and Key Financial Details
- Issue Size: ₹572 crores (approx.)
- Fresh Issue: ₹572 crores
- Offer for Sale: [Details not provided in the sources]
- Face Value: ₹2 per share
- Price Band: ₹265 to ₹279 per share
- Issue Type: Book Built Issue
- Listing Exchanges: BSE and NSE
Investor Quotas
- Retail Investors: 10%
- Qualified Institutional Buyers (QIB): 75%
- High Net Worth Individuals (HNI): 15%
Application Details
- Minimum Market Lot: 53 shares (₹14,787 at the upper price band)
- Maximum Market Lot: 689 shares (₹1,92,231 at the upper price band)
- Application Methods:
- ASBA online via bank accounts
- ASBA via UPI through stockbrokers
- Offline submission through stockbrokers
Company Overview
- Founded: 2009
- Founders: Bipin Preet Singh, Upasana Taku
- Core Business: Digital banking platform offering secure payments, digital credit, and investments
- Vision & Mission: Transform Indian financial services, making money management simpler and faster
Mobikwik Systems IPO – Financial Report
| Period Ended | Revenue (₹ Crores) | Expense (₹ Crores) | Profit After Tax (₹ Crores) | Assets (₹ Crores) |
|---|---|---|---|---|
| 2021 | 288.57 | 404.07 | (111.30) | 423.14 |
| 2022 | 526.57 | 658.63 | (128.16) | 836.13 |
| 2023 | 539.47 | 617.04 | (83.81) | 714.33 |
| September 2023 | 381.09 | 366.83 | 9.48 | 687.35 |
This layout provides clarity and easy comparison of key financial metrics over different periods.
Objects of the Issue
- Expand financial services and payment services businesses
- Invest in AI, machine learning, and product development
- Capital expenditure for payment devices
- General corporate purposes
Lead Manager and Registrar
- Merchant Banker: DAM Capital Advisors Ltd.
- Registrar: Link Intime India Pvt Ltd.
