One Mobikwik Systems Limited IPO (Mobikwik IPO) Detail
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Incorporated in 2009, Mobikwik is a technology driven Fintech company and is among one of the largest mobile wallets (MobiKwik Wallet) and Buy Now Pay Later (BNPL) players in India
Company's business operations are divided into three major segments:
- BNPL - Consisting of MobiKwik Zip and Zip EMI which provides accessible and affordable small-ticket credit to middle-class Indians for daily payments as well as discretionary spending.
- Consumer Payments - Consisting of MobiKwik Wallet which is a mobile payments app.
- Payment Gateway - which includes Zaakpay, a payment gateway aggregator offering end-to-end payment solutions to online merchants. The company is focussing on the fast-growing online payments market of India by providing everyday mobile payments and benefits of Buy Now Pay Later (BNPL) offerings. As of March 31, 2021, Mobikwik has over 101.37 million registered users and more than 3.44 million e-commerce, physical retail, and biller partners.
Competitive Strengths:
- Strong synergy across business network benefiting all the parties.
- Organic addition of majority of the users with low customer acquisition cost (CAC)
- Strong consumer brand recognition and recall across the country
- Technology-powered, Innovation Driven company.
Company Promoters:
Bipin Preet Singh, Upasana Rupkrishan Taku, Koshur Family Trust, and Narinder Singh Family Trust are the company promoters.
Company Financials:
Summary of financial Information (Restated Consolidated)
| Particulars | For the year/period ended (₹ in Millions) | ||||
|---|---|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |||
| Total Assets | 4,231.39 | 3,379.36 | 3,350.84 | ||
| Total Revenue | 3,022.56 | 3,698.54 | 1,602.32 | ||
| Profit After Tax | (1,113.00) | (999.20) | (1,479.73) | ||
Objects of the Issue:
- Funding organic growth initiatives;.
- Funding inorganic growth; and
- General corporate purposes.
Mobikwik IPO Details
| IPO Opening Date | |
| IPO Closing Date | |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹2 per equity share |
| IPO Price | [.] to [.] per equity share |
| Market Lot | |
| Min Order Quantity | |
| Listing At | BSE, NSE |
| Issue Size | [.] Eq Shares of ₹2 (aggregating up to ₹1,900.00 Cr) |
| Fresh Issue | [.] Eq Shares of ₹2 (aggregating up to ₹1,500.00 Cr) |
| Offer for Sale | [.] Eq Shares of ₹2 (aggregating up to ₹400.00 Cr) |
Mobikwik IPO Promoter Holding
| Pre Issue Share Holding | 73.95% |
| Post Issue Share Holding |
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