Incorporated in March 2008, Mobikwik is a fintech company providing prepaid digital wallets and online payment services.
The company provides a range of payment services, enabling consumers to:
The company has created innovative products such as MobiKwik ZIP, ZIP EMI for consumers, and Merchant Cash Advance for merchants through in-house models and strategic partnerships with lending partners. These offerings utilize digital public infrastructure (DPI) such as Aadhaar, E-Nach, Digi-Locker, and NSDL to provide seamless and digital-first experiences for consumers.
As of June 30, 2024, the company has 161.03 million registered users and has enabled 4.26 million merchants to make and accept payments both online and offline.
The product range of the company includes the following
MobiKwik ZIP is a flagship product that lets consumers buy now and pay later within 30 days, offering flexibility and easy repayment options.
As of June 30, 2024, the company has 226 permanent employees in its technology function.
As of December 2024, the company had obtained 19 registered trademarks and had applied for 11 trademark applications under the Trade Mark Act of 1999.
Competitive Strengths:
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 | ||||||||||||||||||||||||||||||||||||||||
The market capitalization of Mobikwik IPO is Rs 2295.45 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| Debt/Equity | 0.73 |
| RoNW | 8.66% |
| P/BV | 9.81 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.46 | -3.22 |
| P/E (x) | 113.32 | -86.75 |
The Company proposes to utilise the Net Proceeds towards the following objects:
| IPO Date | December 11, 2024 to December 13, 2024 |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Price Band | ₹265 to ₹279 per share |
| Lot Size | 53 Shares |
| Total Issue Size | 20,501,792 shares (aggregating up to ₹572.00 Cr) |
| Fresh Issue | 20,501,792 shares (aggregating up to ₹572.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 57,184,521 |
| Share holding post issue | 77,686,313 |
Bipin Preet Singh, Upasana Rupkrishan Taku, Koshur Family Trust, and Narinder Singh Family Trust are the company's promoters.
| Share Holding Pre Issue | 32.96% |
| Share Holding Post Issue |
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