IPO Details
Bidding Dates
11 Dec 24 - 13 Dec 24
Price Range ₹
265 - 279
Total Equity
₹ 331.22Cr
Lot Size
53
Exchange Status
BSE,NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
134.67×
Qualified Institutional Buyers
119.50×
Employees
0.00×
Retail Investors
134.67×
Total subscription Rate
119.38×
IPO Timeline
Offer start
11 Dec 2024
Offer end
13 Dec 2024
Allotment
16 Dec 2024
Refund initiation
17 Dec 2024
Demat transfer
17 Dec 2024
Listing
18 Dec 2024
Offer start
11 Dec 2024
Offer end
13 Dec 2024
Allotment
16 Dec 2024
Refund initiation
17 Dec 2024
Demat transfer
17 Dec 2024
Listing
18 Dec 2024
About Company
One MobiKwik Systems Limited was established in 2009, introducing the MobiKwik Wallet, enabling users to deposit funds into a mobile wallet and make payments conveniently. It has emerged as one of India's leading mobile wallet providers and prominent players in the Buy Now Pay Later (BNPL) sector. Additionally, the company extends its services as a payment gateway for e-commerce merchants. Since its inception, One MobiKwik has been instrumental in revolutionizing digital payments by offering a seamless and user-friendly experience. With the MobiKwik Wallet, users can effortlessly load money into their accounts and execute transactions with a single click, promoting convenience and efficiency. Furthermore, the company has achieved significant growth and established itself as a major player in the BNPL space. By providing flexible payment options, customers can make purchases and repay them in installments, enhancing affordability and accessibility. In addition to its mobile wallet and BNPL services, One MobiKwik also caters to e-commerce merchants through its payment gateway solutions. This enables merchants to accept online payments securely and efficiently, contributing to the growth of digital commerce in India.
Year Founded
20-03-2008
Promotor Details
Upasana Rupkrishan Taku
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 34.21 | 25.18 |
| Share Capital | 19560928 | 19560928 |
Offer to Public
1,18,71,696.00 Cr
Project Details
- Capital expenditure for our payment devices business - 702.85cr
- General corporate purposes - 682.32cr
- Research and development in data, ML and AI and product and technology - 1070cr
- Funding growth in our payment services business - 1350cr
- Funding growth in our financial services business - 1500cr
Objectives
- Funding growth in our financial services business Funding growth in our payment services business Investment in data, ML and AI and product and technology Capital expenditure for our payment devices business General corporate purposes
Highlights
- The company's interconnected system links users, retailers, lenders, and partners, resulting in mutually beneficial network effects.
- With a low cost of acquiring customers, the company possesses a sizable and actively involved user community.
- Brand name known across the country
- A business strategy focused on prioritizing technology and product development as key drivers of success.
- Robust Security Measures: One Mobikwik Systems employs rigorous security protocols to ensure user data and transactions are protected.
Challenges
- The company struggles to attract and retain new users/merchants, hindering the growth of existing relationships.
- The platform has experienced security breaches and faced various attacks compromising its security measures.
- The company has a track record of losses, including in the fiscal years 2019, 2020, and 2021.
- Failure to sustain growth levels within the specified range due to limitations or constraints.
- Inability to uphold connections with lending partners in the Buy Now Pay Later (BNPL) sector.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2021 | 4,204.96 | 154.32 | -999.20 | -999.20 | -49.7114 |
| 2023 | 7,143.64 | 114.38 | 140.79 | 140.79 | 2.4618 |
| 2022 | 8,333.79 | 114.38 | -1,479.73 | -1,479.73 | -73.6184 |
| 2024 | 8,547.73 | 114.38 | -1,113.00 | -1,113.00 | -55.3731 |
| 2020 | 3,345.45 | 143.30 | -999.20 | -999.20 | -49.7114 |
