ONE MOBIKWIK SYSTEMS LIMITED
₹ 265 - ₹ 279
11-Dec-2024 - 13-Dec-2024
₹ 14787.00

/ 53 Shares

ONE MOBIKWIK SYSTEMS LIMITED

11-Dec-2024 - 13-Dec-2024

₹ 265 - ₹ 279

Price Band

₹ 14787.00

Minimum Investment

53

Bid Lot

20,501,792

Shares

IPO Details

Fresh Issue of Equity Shares aggregating to Rs. 572 Cr

Category % Shares/Amount
QIB 75% 15,376,345 Shares RS.429.00 CR
HNI 1 5% 1,025,089 Shares RS.28.60 CR @ 1382 FORM 1X
HNI 2 10% 2,050,179 Shares RS.57.20 CR @ 2763 FORM 1X
Retail 10% 2,050,179 Shares RS.57.20 CR @ 38683 FORM 1X

BRLMs: SBI Capital Markets, DAM Capital Advisors

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
38683 FORM 1X 1382 FORM 1X 2763 FORM 1X

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 53 ₹ 14,787
Retail (Upto 2 Lakh) 13 689 ₹ 192,231
S-HNI (2 Lakh to 10 Lakh) 14 742 ₹ 207,018
S-HNI (2 Lakh to 10 Lakh) 67 3551 ₹ 990,729
B-HNI (Above 10 Lakh) 68 3604 ₹ 1,005,516

IPO Timeline

  • Open Date

    11-Dec-2024

  • Close Date

    13-Dec-2024

  • Basis of Allotment Date

    16-Dec-2024

  • Initiation of Refunds

    17-Dec-2024

  • Credit Shares to Demat A/c

    17-Dec-2024

  • IPO Listing Date

    18-Dec-2024

Subscription as on
13-Dec-2024 16:14

Category Book Size Subscription No. of Times
QIB 6,150,538 ₹ 171.60 Cr. 773,842,188 ₹ 21590.20 Cr. 125.82x
HNI (<10 LAKH) 1,025,089 ₹ 28.60 Cr. 126,853,698 ₹ 3539.22 Cr. 123.75x
HNI2 (>10 LAKH) 2,050,179 ₹ 57.20 Cr. 224,912,973 ₹ 6275.07 Cr. 109.70x
RETAIL 2,050,179 ₹ 57.20 Cr. 281,604,264 ₹ 7856.76 Cr. 137.36x
Total 11,275,985 1,407,213,123 124.80x
Category Book Size Subscription No. of Times
QIB 6,150,538 ₹ 171.60 Cr. 773,842,188 ₹ 21590.20 Cr. 125.82x
HNI (<10 LAKH) 1,025,089 ₹ 28.60 Cr. 126,853,698 ₹ 3539.22 Cr. 123.75x
HNI2 (>10 LAKH) 2,050,179 ₹ 57.20 Cr. 224,912,973 ₹ 6275.07 Cr. 109.70x
RETAIL 2,050,179 ₹ 57.20 Cr. 281,604,264 ₹ 7856.76 Cr. 137.36x
Total 11,275,985 1,407,213,123 124.80x

*Excluding Anchor

Total No. of Application Approx : ~4390716 (113.51 Appwise)

Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.

About Company

  • The Company was incorporated under the name ‘One Mobikwik Systems Pvt Ltd’ on March 20, 2008, at New Delhi. The name was changed to ‘One Mobikwik Systems Ltd’, on conversion to a public limited company, on June 25, 2021.
  • The company is platform business with a two-sided payments network, consisting of consumers and merchants. The company’s key businesses include (a) Payment services and (b) Financial Services.
  • The company’s Payment GMV has grown at an annual rate of 45.88% and MobiKwik ZIP GMV (Disbursements) has grown at an annual rate of 112.16% from FY2022 to FY2024
  • The company is one of the largest digital financial product and services platform in India by registered users as of FY 2023. The company’s Registered Users have grown at a CAGR of 12.31% between FY22 to FY24 to 155.84 Mn, while the company had 161.03 million Registered Users as of June 30, 2024.
  • As on June 30, 2024, over 4.26 million Merchants had accepted payments through the company’s payment modes, including over 4.13 million physical stores and 0.13 million Online Merchants.
  • As of May 2024, the Company is the largest wallet player in India with 23.11% market share of the PPI wallet gross transaction values (“GTV”) (excluding Fast Tag GTV).
  • The company’s operations costs have consistently declined over past 3 financial years. The company’s lending related expenses as a percentage of total credit disbursement was 7.17%, 3.48%, 3.33% and 4.04% in FY 2022, FY 2023, FY 2024 and in the 3 months ended June 30, 2024.
  • The company has a strong brand name and recall, across large and small Indian cities. Moreover, the company’s MobiKwik Application has a user rating of 4.4 out of 5 on Google Play Store and 4.6 out of 5 rating on Apple App Store.
  • The company has witnessed strong traction in its wealth vertical. The wealth vertical has accumulated ? 6,692.85 Cr in AUA, as of June 30, 2024, from ? 323.68 Cr as of March 31, 2022..
Read More

Strengths

Competitive Strength 

  • Company’s legacy of providing positive and sustainable consumer experience
  • Large, engaged consumer base acquired with low CAC
  • Efficient operational management of loan products distributed by the company
  • The trust in the company’s brand
  • Technology and product first approach to business

 Business Strategies 

  • Scaling existing products
  • Expanding product portfolio in existing business lines
  • Expansion of the payment aggregator business

  • Continue to drive operational excellence initiatives to improve profitability and return metrics

Company Promoters

Company Financials

One Mobikwik Systems Limited's revenue increased by 59% and profit after tax (PAT) rose by 117% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended 30 Jun 2024 31 Mar 2024 31 Mar 2023 31 Mar 2022
Assets 908.1 854.65 714.33 836.13
Revenue 345.83 890.32 561.12 543.22
Profit After Tax -6.62 14.08 -83.81 -128.16
Net Worth 216.54 142.69 162.59 158.65
Reserves and Surplus 147.21 151.15 131.26 205.1
Total Borrowing 206.34 211.7 192.27 150.91
Amount in ? Crore

Objects of the Issue

The Company proposes to utilise the Net Proceeds towards the following objects:

  1. Funding growth in the financial services business
  2. Funding growth in the payment services business
  3. Investment in data, ML, AI, product and technology
  4. Capital expenditure for the payment devices business
  5. General corporate purposes

How to Apply

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  • Step 01 :

    Once you create your account, Login to Us.

  • Step 02 :

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 03 :

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 04 :

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

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  • If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
  • The maximum subscription amount for retail investors is 2 lakh.
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  • Enter the number of shares you wish to buy, as per the lot size.
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  • Maximum three bids will be accepted.
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