About One Mobikwik Systems:
MobiKwik operates as a platform business with a two-sided payments network connecting consumers and merchants. The platform enables consumers to make payments for utility bills, merchant transactions, and money transfers using the MobiKwik Wallet, UPI, cards, and MobiKwik ZIP. Merchants can accept payments from consumers through these modes, as well as via QR codes, Soundbox, and EDC devices. It also facilitates credit distribution from lending partners to consumers and merchants through products like MobiKwik ZIP (pay-later), ZIP EMI (personal loans), and Merchant Cash Advance (loans for merchants).
About the Industry in which One Mobikwik Systems operates:
India’s consumer internet industry is projected to maintain a robust growth trajectory, potentially exceeding USD 600 billion by Fiscal 2028. The overall Indian e-commerce market is anticipated to reach USD 190-200 billion by the same period. According to Redseer, the transaction value of consumer payments via wallets is estimated to grow to approximately USD 70-75 billion by FY28P. In the realm of digital credit, the total value of disbursed loans witnessed a significant 41% increase, rising from USD 5.8 billion in Fiscal 2021 to USD 11.6 billion in Fiscal 2023. By Fiscal 2028, digital channels are expected to account for about 4% of total retail lending.
| Important Information and Timelines of the IPO of One Mobikwik Systems: | |
|---|---|
| Open Date | 11 December 2024 |
| Close Date | 13 December 2024 |
| Total Issue Size – Number of Shares | 21584905 |
| Minimum Bid Price | 265 |
| Maximum Bid Price | 279 |
| Lot Size | 53 |
| Basis of Allotment | 16 December 2024 |
| Initiation of Refunds and Credit of Shares to Demat | 17 December 2024 |
| Listing Date | 18 December 2024 |
| Listing Exchange(s) | NSE and BSE |
Minimum and Maximum Lot Sizes for the IPO of One Mobikwik Systems:
| Category | Lots | Shares | Amount (in ₹) |
|---|---|---|---|
| Retail – Minimum | 1 | 53 | 14787 |
| Retail – Maximum | 13 | 689 | 192231 |
| sHNI – Minimum | 14 | 742 | 207018 |
| sHNI – Maximum | 67 | 3551 | 990729 |
| bHNI – Minimum | 68 | 3604 | 1005516 |
Objective of the IPO of One Mobikwik Systems:
The objectives of the IPO are:
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To fund organic growth in the financial services and payment services businesses.
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To support research and development in data, machine learning (ML), artificial intelligence (AI), and product and technology innovation.
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To finance capital expenditures for the payment devices business.
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To meet general corporate purposes.
Financials of One Mobikwik Systems:
Here is the rephrased content in a tabulated format:
| Particulars | As at and for the three months ended June 30, 2024 | As at and for the Financial Year ended March 31, 2024 | As at and for the Financial Year ended March 31, 2023 | As at and for the Financial Year ended March 31, 2022 |
|---|---|---|---|---|
| Equity Share Capital | 114.38 | 114.38 | 114.38 | 114.38 |
| Other Equity | 1,472.10 | 1,511.51 | 1,312.56 | 2,051.04 |
| Total Equity | 1,586.48 | 1,625.89 | 1,426.94 | 2,165.42 |
| Total Borrowings^ | 2,063.36 | 2,116.99 | 1,922.73 | 1,509.14 |
| Revenue from Operations | 3,422.67 | 8,750.03 | 5,394.67 | 5,265.65 |
| Profit/(Loss) for the Year/Period | (66.15) | 140.79 | (838.14) | (1,281.62) |
| *Earnings Per Share (₹ 2 each fully paid up) | ||||
| - Basic | (1.16) | 2.46 | (14.66) | (23.04) |
| - Diluted | (1.16) | 2.38 | (14.66) | (23.04) |
| *Net Asset Value (per Equity Share) ** | 27.74 | 28.43 | 24.95 | 38.94 |
For more details on the IPO, refer to the DRHP here.
Did you know that you can now Pre-Apply for an IPO on Dhan? You can place your IPO Bid on Dhan and the order will be pushed to the Exchange as soon as the Bidding starts for One Mobikwik Systems. You will receive a UPI mandate after 10:00 AM on 11 December 2024.
###1. How to apply for the IPO of One Mobikwik Systems on Dhan?
You can apply for the IPO of One Mobikwik Systems from either Dhan Mobile App or Web
On Dhan Mobile App you can find the IPO under the Money Section > IPO Tab
On Dhan Web you can find the IPO under Markets Tab > IPOs
###2. In case of successful allotment, when the IPO shares of One Mobikwik Systems be visible on Dhan?
The CDSL will intimate you regarding the credit of shares into your Demat account by 17 December 2024. However, you will be able to see the shares of One Mobikwik Systems on Dhan before the market starts on the listing date which is 18 December 2024.