About MobiKwik IPO
Founded in 2009 – when India’s digital payments space was at its nascent stage – MobiKwik started out as a mobile wallet. The idea behind this was to help users load money into a mobile wallet and use it to pay their utility bills in a single click. Since then the fintech company, founded by the husband-wife duo, has grown multifold.
From e-commerce shopping and food delivery to petrol pumps, large retail chains and pharmacies, MobiKwik wallet can be used at various points to make payments. This fintech player’s platform also enables peer-to-peer payments via unified payment interface (UPI).
The company’s business activities can be divided into three segments — buy now, pay later (Zip EMI and MobiKwik Zip), consumer payments (MobiKwik Wallet), and payment gateway (Zaakpay). As of March 2021, it had over 10 crore registered users and more than 34 lakh e-commerce, physical retail and biller partners.
Now, One MobiKwik Systems, which is the parent company, is all set to launch the IPO and raise capital. The One MobiKwik IPO will consist of an offer of sale as well as a fresh issue. The money raised through the fresh issue will be used by the company for various purposes such as acquiring and retaining users and merchants, investing in data science, products and technology, cash collateral for Buy Now Pay Later (BNPL) partners and funding inorganic growth.
Here are key MobiKwik IPO details:
Here’s a quick look at MobiKwik IPO’s strengths, risks and threats
Risks and threats
MobiKwik IPO details
| MobiKwik IPO date
The company has filed its Draft Red Herring Prospectus with the market regulator SEBI. The MobiKwik IPO’s opening date – in other words, the MobiKwik IPO launch date – hasn’t been announced yet. The MobiKwik IPO closing date also hasn’t been declared. Along with these dates, investors will be updated about the MobiKwik shares allotment date.
Investors, who have been allotted shares, can expect them to be credited in their demat account after the allotment date. Besides this, the MobiKwik IPO listing date hasn’t been announced yet. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE. Stay tuned with Uptox for all the key updates about the MobiKwik IPO.
| MobiKwik IPO price band
The MobiKwik IPO is a book-built issue. The MobiKwik IPO price band hasn’t been set yet. The price band is a price range within which investors can apply for the IPO. When the MobiKwik IPO opens, interested investors will have to choose a price within the band to apply for the public issue.
The MobiKwik IPO listing price will be determined on the listing date. The listing price is the price at which the shares of a company make their debut on the stock exchanges.
| MobiKwik IPO lot size
The MobiKwik IPO details haven’t been declared. Hence, the MobiKwik IPO lot size also hasn’t been announced yet. It’s important to note that an investor can apply for a minimum of 1 lot. Meanwhile, according to the news reports, the MobiKwik IPO issue size could be around ₹1,900 crore.
How to apply for the MobiKwik IPO?
If you are interested in this investment opportunity but unsure how to apply for the MobiKwik IPO, here we are listing out the steps for you.
When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the MobiKwik IPO on Upstox:
How to check the MobiKwik IPO allotment status?
When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes.
Here’s a step-by-step guide on how to check the MobiKwik IPO allotment status:
Open a demat account with Upstox to apply for the MobiKwik IPO
To apply for the MobiKwik IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.
Here is a step-by-step guide on how to open a demat account with Upstox.
This is all it takes to open a demat account with Upstox. Easy and quick, right?
Upstox – trading app to apply for the MobiKwik IPO
You can apply for the MobiKwik IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero.
In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.
Pre-applying for the MobiKwik IPO means applying for this public issue before it goes live. However, pre-apply for the MobiKwik IPO isn’t open currently.
The pre-apply for the MobiKwik IPO will begin two days before its launch date. After pre-applying, once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
You can apply on Upstox’s website and app, once the MobiKwik IPO opens for subscription.
The dates for the MobiKwik IPO haven’t been announced yet.
The details about the lot size haven’t been announced yet.
The price band for the MobiKwik IPO isn’t available currently.
The size of the MobiKwik IPO has not been announced yet.
You can place up to three bids for an application.
No, the bids have to be placed at one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
The date for crediting MobiKwik shares to the demat account has not been announced yet.
MobiKwik shares will on NSE and BSE.
The listing date has not been announced yet.