One Mobikwik Systems Limited is coming up with an IPO with a fresh issue of 2.05 crore shares worth INR 572 crores. The company aims to strategically fund growth, R&D, capital expenditure, and general corporate purposes.
Mobikwik IPO – Important Dates
| One Mobikwik Systems Limited IPO Date | December 11, 2024 to December 13, 2024 |
| One Mobikwik Systems Limited IPO Listing Date | December 18, 2024 |
| One Mobikwik Systems Limited IPO Price | INR 265-279 per share |
| One Mobikwik Systems Limited IPO Lot Size | 53 Shares |
| One Mobikwik Systems Limited IPO Total Issue Size | INR 572 crores |
| One Mobikwik Systems Limited IPO Basis of Allotment | December 16, 2024 |
| One Mobikwik Systems Limited IPO Initiation of Refunds | December 17, 2024 |
| One Mobikwik Systems Limited IPO Credit of Shares to Demat | December 17, 2024 |
| One Mobikwik Systems Limited IPO Issue Type | Book Built Issue IPO |
| One Mobikwik Systems Limited IPO Listing At | BSE NSE |
One Mobikwik Systems Limited IPO – Company Profile
One Mobikwik Systems Limited, founded by Bipin Preet Singh and Upasana Taku, leverages technology to drive financial inclusion. It focuses on scalable solutions to serve India’s underserved population and bridge gaps in access to financial services.
Driven by a two-sided payments network, MobiKwik focuses on expanding digital credit, investments, and insurance. Its innovative, cost-efficient approach strengthens platform value, profitability, and user engagement while seamlessly connecting consumers and merchants.
Through interconnected network effects, MobiKwik enhances consumer and merchant engagement, utilises payment data for credit underwriting, and employs financial tools to deliver tailored investment recommendations, fostering growth and value within its ecosystem.
One MobiKwik Systems IPO Fundamental Analysis
One Mobikwik Systems Limited’s financial analysis reveals a mixed performance. Revenue growth reflects business expansion, supported by improved equity, profitability, EPS, RoNW, and assets, indicating stronger financial performance and increased investor confidence.
- Revenue Trend: The revenue increased from ₹5,265.65 millions in March 2022 to ₹5,394.67 millions in March 2023. The revenue for the current year’s 3-month period ending March 2024 is INR 3,422.67 million
- Equity and Liabilities: Equity has shown a consistent increase over the periods, reflecting potential growth and expansion.
- Profitability: The profit after tax (PAT) has significantly increased from ₹(1,281.62) million in March 2022 to ₹(66.15) million by March 2024. This improvement in profitability could be a source of confidence among investors.
- Earnings per Share (EPS): The diluted EPS has risen from ₹(23.04) in March 2022 to ₹(1.16) by March 2024, reflecting higher earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has risen from (59.19)% to (4.17)%, indicating an increase in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth.
Mobikwik IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 30 June 2024 |
| Revenue (₹ in millions) | 5,265.65 | 5,394.67 | 3,422.67 |
| Equity (₹ in millions) | 2,165.42 | 1,426.94 | 1,586.48 |
| Expenses (₹ in millions) | 6,586.25 | 6,170.36 | 3,435.99 |
| Profit and Loss After Tax (₹ in millions) | (1,281.62) | (838.14) | (66.15) |
| Diluted EPS only (₹) | (23.04) | (14.66) | (1.16) |
| Return on Net Worth (%) | (59.19) | (58.74) | (4.17) |
| NAV per Equity Share (₹) | 38.94 | 24.95 | 27.74 |
| Total Assets (in millions) | 8,361.30 | 7,143.34 | 9,081.01 |
| Total Liabilities (in millions) | 6,195.88 | 5,716.40 | 7,494.53 |
One Mobikwik Systems Limited IPO Peer Comparison
One MobiKwik Systems Limited demonstrates growth and efficiency, outperforming in key metrics compared to One 97 Communications, Affirm Holdings, and PayPal. MobiKwik’s focus on scalability and profitability positions it firmly in the industry.
| Company | Total Income (₹ in million) | Face Value per Equity Share (₹) | P/E Ratio | EPS (Basic) (₹) | EPS (Diluted) (₹) | RoNW (%) | NAV (₹ per share) |
| One MobiKwik Systems Limited | 8,903.15 | 2 | NA | 2.46 | 2.38 | 8.66 | 28.43 |
| One 97 Communications Ltd | 1,05,247 | 1 | NA | (22.33) | (22.33) | (10.70) | 209.29 |
| Affirm Holdings, Inc | 1,85,839.90 | 0.0008 | NA | (133.60) | (133.60) | (18.95) | 702.64 |
| PayPal Holdings, Inc | 23,81,680 | 0.008 | 22.17 | 308.00 | 307.20 | 20.17 | 1,570.97 |
One MobiKwik Systems IPO Objective
The main objective of One Mobikwik Systems Limited is to fund growth, R&D and capital expenditure.
- Funding organic growth in its financial services business: The company intends to utilise INR 150 crores to enhance capital adequacy and support default loss guarantees for its financial services business, including MobiKwik ZIP and ZIP EMI loan distribution offerings to users.
- Funding organic growth in their payment services business: The company plans to allocate INR 135 crores to grow its payment services, focusing on instant settlement pre-funding and acquiring new users to enhance consumer experience, compliance, and business expansion.
- Research and development (“R&D”) in data, ML, AI, and product and technology: The company aims to utilise INR 107 crores from Net Proceeds to recruit skilled personnel and fund employee benefits in data, ML, AI, and technology, driving innovation, product development, and platform scalability.
- Capital expenditure for their payment devices business: The company plans to allocate INR 70.28 crores for acquiring and leasing payment hardware like POS machines and soundboxes, enhancing merchant partnerships, boosting merchant sales share, and enabling financial product offerings such as merchant loans.
- General Corporate Purposes: The company will deploy the balance of funds for general corporate purposes, including refurbishment, meeting difficulties, and covering expenses incurred in the ordinary course of business, either directly or through investments in subsidiaries.
Mobikwik IPO Risks And Challenges
One Mobikwik Systems Limited’s risks include regulatory challenges like RBI non-compliance, penalties for KYC violations, and data security threats such as breaches and fraud. Funding deployment is subject to change and requires shareholder approval and regulatory compliance.
- The company has faced regulatory challenges, including non-compliance with RBI guidelines, which resulted in penalties for KYC violations, IT compliance concerns, and net-worth shortfalls. Despite this, the company remains focused on addressing these issues.
- The company’s funding requirements and Net Proceeds deployment are based on management estimates and are subject to change due to uncontrollable factors. Any deviation from the stated utilisation will require compliance with regulations and shareholder approval.
- The company faces significant data security risks, including potential breaches, fraud, and unauthorised access, which could impact consumer data, system integrity, and operations. Despite mitigation measures, these threats could lead to financial losses, reputational damage, and regulatory actions.
One MobiKwik Systems IPO – Industry & Market Potential
The digital lending ecosystem in India, currently at 2% of total lending, is rapidly growing. Disbursed loans increased 41% from FY21 to FY23, with digital channels expected to contribute 4% of retail lending by FY28.
The BNPL market in India has surged, driving a credit revolution. RBI guidelines are enabling collaborations for financial inclusion. Digital disbursements are projected to rise from USD 5.5 Bn in FY23E to USD 35-40 Bn by FY28.
In FY23, over 50% of new MSME loan originations came from new-to-credit borrowers, driving digital payment growth. Fintech players’ share of disbursed loans grew from 3% in FY21 to 5%, with a projected 50% CAGR by FY28.
One Mobikwik Systems Limited IPO – Type of Offer
One Mobikwik Systems Limited is coming up with an IPO with a fresh issue of 2.05 crore shares worth INR 572 crores. The company aims to strategically fund growth, R&D, capital expenditure, and general corporate purposes.
Mobikwik IPO Offer Size
The offer size of One Mobikwik Systems Limited is INR 572 crores, consisting of a fresh issue of 2.05 crore shares. The company aims to strategically fund growth, R&D, capital expenditure, and general corporate purposes.
One Mobikwik Systems Limited IPO Allotment Structure
One Mobikwik Systems Limited’s allocation will be as follows: 75% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 10% for Retail Individual Investors (RII) according to SEBI regulations.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 75% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.
● Retail Individual Investors (RII): The remaining 10% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
How to apply for One Mobikwik Systems IPO?
To apply for the One Mobikwik Systems Limited IPO through Alice Blue, follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the One Mobikwik Systems Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the One Mobikwik Systems Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check One Mobikwik Systems IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the One Mobikwik Systems Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the One Mobikwik Systems Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, we request you reach out to our customer support team at Alice Blue for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the One Mobikwik Systems Limited IPO:
● Registrar’s Website: Visit the website of Link Intime India Private Limited, the registrar of the One Mobikwik Systems Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● BSE NSE: You can also check the allotment status on the official websites of the Bombay Stock Exchange (BSE) National Stock Exchange (NSE). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
One Mobikwik Systems Ltd IPO Offer Registrar
The registrar for the One Mobikwik Systems Limited IPO is Link Intime India Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
LINK INTIME INDIA PRIVATE LIMITED
C- 101, 1st Floor, 247 Park, L.B.S Marg,
Vikhroli (West), Mumbai – 400083,
Maharashtra, India
Telephone: +91 810 811 4949,
Email: [email protected]
Website: www.linkintime.co.in
Mobikwik IPO – FAQs
1. What is the allotment date of the Mobikwik IPO?
The allotment date of the Mobikwik is December 16, 2024.
2. What is the price band of the Mobikwik IPO?
The price band of the issue is INR 265-279 per share.
3. What is the size of the Mobikwik IPO?
The offer size of One Mobikwik Systems Limited is INR 572 crores, consisting of a fresh issue of 2.05 crore shares. The company aims to strategically fund growth, R&D, capital expenditure, and general corporate purposes.
4. What is the listing date of the Mobikwik IPO?
The listing date of the Mobikwik is December 18, 2024.
5. Where is the Mobikwik IPO Getting Listed?
Mobikwik is getting listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
6. What are the open and close dates of the One Mobikwik Systems Limited IPO?
The open and close dates of One Mobikwik Systems Limited are December 11, 2024, and December 13, 2024, respectively.
7. How to apply for One MobiKwik Systems IPO in Alice Blue?
To apply for the One Mobikwik Systems Limited IPO through Alice Blue, open a Demat and Trading Account, check IPO details, place your bid within the price band, submit the application, and later check the allotment status. The allotment is subject to demand.
8. Who are the Book Runners for the Mobikwik IPO?
The Book Runners for the Mobikwik are SBI CAPITAL MARKETS LIMITED and DAM CAPITAL ADVISORS LIMITED.
