MobiKwik IPO listing date: From bids for enormous 141.72 crore shares to objectives, key things to know

As the listing is just two days, here are key things you should know about MobiKwik IPO.

MobiKwik IPO: Subscription

The initial share sale got bids for an enormous 141.72 crore shares against 1.18 crore equity shares on offer, as per the consolidated data on the NSE website.

Category-wise, the retail investors' portion attracted 134.67 times subscription, while the non-institutional investor's quota mopped up 108.95 times subscriptions. The qualified institutional buyers (QIBs) placed bids for 119.50 times the part reserved for them.

MobiKwik IPO: Objectives

The public issue, which had a price band of ₹265 to ₹279 a unit, was a fresh issuance of ₹572 crore.

The money raised will be allocated towards the following objectives:

• Funding organic growth in financial services and payment services businesses
• Research and development in data, machine learning (ML) and, artificial intelligence (AI) and product and technology
• Capital expenditure for payment devices business
• Corporate general purposes

Prior to the IPO, the company collected ₹257 crore in the anchor round.

MobiKwik IPO: Listing date and time

MobiKwik IPO: Financials

In the financial year 2023-24 (FY24), the company had posted a net profit of ₹14.08 crore compared to a net loss of ₹83.81 crore in the previous fiscal year.

Revenue from operations increased 62.19% to ₹875 crore in FY24 against ₹539.47 in FY23.

In the first quarter of FY25, MobiKwik's revenue and net loss stood at ₹342.27 crore and ₹6.62 crore, respectively.