The Mobikwik IPO is creating a buzz in the fintech space as One Mobikwik Systems Limited prepares to hit the stock market. Known for its digital wallet services and “Buy Now Pay Later” (BNPL) offerings, the company aims to leverage its IPO proceeds to expand its technological capabilities and strengthen its financial services platform. Let’s dive into the One Mobikwik IPO GMP, subscription details, business overview, financials, and more.
One Mobikwik IPO Details
| Particulars | Details |
|---|---|
| Price Band | ₹265 to ₹279 per share |
| Issue Size | ₹572 crore |
| Minimum Investment | ₹14,787 (53 shares) |
| Market Capitalization | ₹2,300 crore (estimate) |
| Opening Date | December 11, 2024 |
| Closing Date | December 13, 2024 |
| Listing Date | December 18, 2024 |
| Allocation Quotas | QIBs: 75%, NIIs: 15%, RIIs: 10% |
The IPO comprises a fresh issue of 2.05 crore equity shares. Retail investors can apply for a minimum of one lot containing 53 shares.
One Mobikwik Systems IPO Subscription
Investors looking to subscribe to the Mobikwik IPO can do so through brokerage platforms or their respective banks. The allocation structure ensures that institutional investors receive the largest portion, with retail investors having a 10% reservation.
One Mobikwik IPO GMP Today
The One Mobikwik IPO GMP (Grey Market Premium) is a crucial indicator of investor sentiment. One Mobikwik IPO GMP Today is reported to be ₹136, suggesting a huge premium over the upper price band of ₹279. However, GMP fluctuations are common and should not be the sole factor in investment decisions.
One Mobikwik Systems Business Overview
Core Offerings
Mobikwik has a robust digital ecosystem, offering services like:
- Digital Wallets: Users can load money to make payments for bills, shopping, and travel.
- BNPL Services: Provides credit at the point of purchase, allowing customers to pay later.
- Financial Products: Includes small-ticket loans, insurance, mutual fund investments, and digital gold.
Market Reach
With over 161 million users and 4.26 million merchants, Mobikwik holds a significant market share in India’s fintech landscape. The company focuses on technology-driven solutions to cater to underserved populations.
| Key Metrics | Figures |
|---|---|
| Registered Users | 161 million |
| Partner Merchants | 4.26 million |
| Active BNPL Users | 4.5 million |
| Revenue from Operations | ₹890.32 crore (FY 2024) |
One Mobikwik Systems Financials
Revenue and Profitability
| Year | Revenue (₹ crore) | Profit/Loss (₹ crore) | Net Profit Margin (%) |
|---|---|---|---|
| FY 2021-22 | 543.20 | -128.16 | -23.6 |
| FY 2022-23 | 561.60 | -83.81 | -16.0 |
| FY 2023-24 | 890.32 | 14.08 | 2.0 |
The turnaround from a loss of ₹83.81 crore in FY 2023 to a profit of ₹14.08 crore in FY 2024 highlights the company’s improved operational efficiency and growth.
Ratios
- Return on Capital Employed (ROCE): 8.79% (FY 2024)
- Earnings Per Share (EPS): ₹2.10 (FY 2024)
One Mobikwik IPO Review
The One Mobikwik IPO is a promising opportunity for those seeking exposure to India’s growing digital payments and credit ecosystem. The company’s improved profitability and robust user base make it a strong contender in the fintech space. However, investors should consider the competitive landscape and regulatory challenges.
Strengths:
- Established market presence with innovative BNPL offerings.
- Turnaround in financial performance from losses to profitability.
- Strong growth in revenue and operational metrics.
Risks:
- High competition from fintech giants like Paytm and PhonePe.
- Dependency on BNPL services for a significant portion of revenue.
One Mobikwik IPO Allotment
| Event | Date |
|---|---|
| Basis of Allotment | December 15, 2024 |
| Refunds Initiation | December 16, 2024 |
| Credit of Shares | December 17, 2024 |
| Listing Date | December 18, 2024 |
Shares will be allotted based on demand and subscription levels across different categories.
FAQs
1. What is the One Mobikwik IPO GMP today?
The GMP is currently ₹136, indicating a slight premium over the issue price.
2. When does the One Mobikwik IPO open for subscription?
The IPO opens on December 11, 2024, and closes on December 13, 2024.
3. What is the price band for the IPO?
The price band is set at ₹265 to ₹279 per share.
4. How can I apply for the Mobikwik IPO?
Investors can apply via ASBA (Applications Supported by Blocked Amount) through their banks or brokerage platforms.
5. What is the minimum investment required?
The minimum investment is ₹14,787 for one lot of 53 shares.
6. How will the IPO proceeds be utilized?
Funds will be used to enhance financial services, upgrade technology infrastructure, and meet general corporate purposes.
7. When will the shares be listed?
The shares are expected to list on December 18, 2024.
8. What are the key financial highlights of Mobikwik?
Mobikwik achieved a revenue of ₹890.32 crore and a net profit of ₹14.08 crore in FY 2023-24.
9. What is the allocation structure for the IPO?
QIBs: 75%, NIIs: 15%, Retail Investors: 10%.
10. Who are the lead managers for the Mobikwik IPO?
SBI Capital Markets and Dam Capital Advisors are the lead managers, with Link Intime India as the registrar.
Conclusion
The One Mobikwik IPO offers investors an opportunity to invest in a growing fintech leader with a strong focus on innovation and user-centric solutions. With its turnaround in financial performance and an expanding user base, Mobikwik is poised for growth. However, potential investors should carefully evaluate risks and market dynamics before making an investment decision.