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66.72x
subscribed
One Mobikwik Systems IPO
Finance - Others
listed
66.72x
subscribed
₹14,045Min. investment
About Mobikwik
Issue size
₹572Cr
IPO type
Mainboard
Market Cap
₹2,295.4CrLower than sector avg
Price range
₹265 – ₹279
Revenue
Apr 2023 - Mar 2024₹875CrLower than sector avg
Lot size
53 shares
Red Herring Prospectus
Read
Growth rate
3Y CAGR18.45%
SectorFinance - Others
Price range₹265 – ₹279
IPO type
Regular
Lot size53 shares
Issue size₹572Cr
Red Herring Prospectus
Read
Market Cap
₹2,295.4CrLower than sector avg
Revenue
Apr 2023 - Mar 2024₹875CrLower than sector avg
Growth rate
3Y CAGR18.45%
Checklist
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Business expansion
The company will use the net proceeds for funding organic growth of its businesses.New Products Development
The company will use ₹107 crore in research and development in data.Capital Expenditure
The company plans ₹70.2 crore towards capital expenditure for its payment devices business.About One Mobikwik Systems IPO
Incorporated in March 2008, MobiKwik is a leading fintech company offering prepaid digital wallets and online payment services. MobiKwik operates through two core business verticals: Payments and Financial Services. Its comprehensive ecosystem includes digital wallets, UPI, credit solutions like "MobiKwik ZIP," investment products, and insurance. As of June 30, 2024, MobiKwik had 16.10 crore registered users and 0.43 crore merchants across online and offline channels. Between FY22 and FY24, revenue from the financial services business rose at a CAGR of 78.7% to reach ₹557.8 crore, making up 63.7% of total revenue. Meanwhile, overall revenue increased at a CAGR of 18.4% during the same period.
IPO Analysis
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IPO REVIEW
One Mobikwik Systems IPO
Should you apply?
View Video
Latest News on IPO
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📌Mobikwik IPO GMP has surged to almost 40 percent as the subscription to Rs 572 crore issue is set to begin this week on December 11 in the primary market.
📌The issue will end on December 13, while the bidding for anchor portion will open for a day on December 10. The price band has been fixed at Rs 265-279 per equity share.
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Fintech company One Mobikwik Systems is set to launch its initial public offering (IPO) next week to raise ₹572 crore from the primary market. One Mobikwik Systems is a fintech platform providing services to customers and merchants. Mobikwik IPO will open for public subscription on Wednesday, December 11, and close on Friday, December 13. The IPO allotment is likely to be fixed on December 16.
Frequently asked questions
How to invest in the IPO?
Investors can apply for the IPO through their Demat account via the stock exchange or through their broker.
What is the issue size of One Mobikwik Systems IPO ?
The issue size of the One Mobikwik Systems IPO is 572 Cr.
What is 'pre-apply' for One Mobikwik Systems IPO ?
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
Which exchanges will One Mobikwik Systems IPO shares list on?
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Timeline
- Pre-apply10 Dec 2024
- Bidding starts11 Dec 2024
- Bidding ends13 Dec 2024
- Allotment finalisation16 Dec 2024
- Release of funds17 Dec 2024
- Demat transfer17 Dec 2024
- Listing18 Dec 2024