Mobikwik IPO Date, Expected Price, GMP Today, Review, Analysis, Details

Mobikwik IPO Date & Price | Mobikwik IPO Expected Price | Mobikwik IPO Valuation | Mobikwik IPO GMP

It is an online wallet payment company, is planning to go public soon. MobiKwik is a prominent provider of Buy Now Pay Later (BNPL) and mobile wallets. Mobikwik Bipin Preet Singh and Upasana Taku founded the company in 2009. It is one of India’s leading mobile wallets as well as a major Buy Now Pay Later (BNPL) provider. It has gained popularity among the general public by making regular mobile payments easier and extending BNPL perks. Furthermore, the digital payment corporation aspires to meet the credit needs of the fast-growing online consumer base. The company has filed a DRHP with the market regulator SEBI, and it plans to issue shares in a fresh issue and sell them in an IPO. On July 12, 2021, MobiKwik IPO filed a DRHP. The IPO of MobiKwik, a fintech business, has been approved by SEBI and will take place on October 11, 2021.

Mobikwik IPO

Mobikwik IPO Details

The company plans to raise $1900 crores through an IPO that includes a fresh issue of 1500 crores and an offer for sale of up to 400 crores at a face value of $2 per equity share. Mobikwik’s first public offering (IPO) will be released soon. In India, digital payment users have been rapidly increasing over the previous decade, although credit card penetration is still only 3.5 percent. By integrating the comfort of daily mobile payments with the benefits of BNPL, we are tackling the unmet credit needs of the rapidly rising digitally paying users. On this platform, you can make peer-to-peer payments via UPI, MobiKwik Wallet, and MobiKwik Wallet to bank payments.

MobiKwik has also introduced Zaakpay, a subsidiary payment gateway, as well as MobiKwik Zip, a flagship BNPL solution, to make accepting and paying money digitally easier. Sequoia Capital India, Bajaj Finance NSE 0.08 percent, American Express, Cisco, and the Abu Dhabi Investment Authority are among the company’s investors. Sequoia Capital India and Bajaj Finance are trying to sell shares worth roughly 195 crores and 69 crores, respectively, while the founders own 34.5 percent of the company. Check out the specifics of MobiKwik’s initial public offering.

Objectives of Mobikwik IPO 

Some of the main objectives of Mobiwik IPO are as follows:

  • To meet the company’s goals.
  • To fully or partially prepay/repay the company’s outstanding borrowings.
  • Adhering to organic and inorganic growth strategies.

Strengths of the Company

Some of the major companies’ strengths are as follows:

  • A company that is driven by technology and innovation.
  • MobiKwik is a well-known consumer brand throughout India.
  • Strong network effects lead to expansion across all company verticals.
  • A corporate model that prioritizes technology and products.
  • The majority of users were added organically, and customer acquisition costs were modest (CAC).
  • MobiKwik provides its customers with cutting-edge products. MobiKwik, for example, in addition to conventional online bill payment and recharge, provides fast small-ticket loans, EMI payment choices, and insurance policy coverage.

Companies Weaknesses

Some of the companies’ weaknesses are as follows:

  • Irregularities in record management: Irregularities in RBI compliance, system failure, and the inability to cross-sell insurance could all be major issues.
  • Security breach: The lack of laws against online fraud makes security breaches and cyberattacks more likely. The company’s reputation could be affected as a result of this.
  • Lack of credit ratings: This may limit its capacity to get growth financing and maintain a consistent cash flow stream.

Company Opportunities

As the focus shifts to virtual platforms, MobiKwik has a strong chance of becoming a dominant player in the e-commerce payment market.

Company Threats

  • Economic crisis: An increase in inflation levels and a slowing of economic development might cause financial market volatility to rise. As a result, the company’s growth may be stifled.
  • Strong competition: MobiKwik is constantly concerned about losing market share to its competitors due to intense rivalry in the financial field. MobiKwik’s competitors could slice into its existing user base with newer offers and a better customer experience.
  • Changes in domestic laws affecting taxation or legal compliance could have a detrimental influence on MobiKwik’s plans.

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Mobikwik Price Band Details 

IPO Size :₹1900. Cr
Price Band :₹ – ₹ Per Share
Face Value :₹2 Rs. Equity Share
Fresh Issue :₹1500. Cr
Listing On :BSE, NSE
Issue Size :₹1900. Cr
Offer For Sale :₹400. Cr
Issue TypeBook Built Issue IPO
IPO Price[.] to [.] per equity share
Market Lot
Min Order Quantity
Listing AtBSE, NSE

Important Dates of MobiKwik IPO 

IPO Opening DateSeptember – 2021
IPO Closing DateSeptember – 2021
Basis of Allotment DateSeptember – 2021
Refunds InitiationSeptember – 2021
Credit Of Shares ToDemat ACcountSeptember – 2021
IPO Listing DateSeptember – 2021
UPI Mandate Expiry DateSeptember – 2021

Why should you invest in MobiKwik’s Initial Public Offering?

MobiKwik was one of the first companies to capitalize on the growing trend in digital payments and mobile wallet usage. MobiKwik’s business model continues to benefit from a solid understanding of the virtual platform and ever-changing online payment patterns. In addition, this digital payment corporation has been aggressively increasing its service offerings to grow its customer base and capitalize on newer industry trends. Because virtual platforms, particularly mobile wallets, are likely to expand in popularity in the coming years, investing in the MobiKwik IPO could be beneficial in the long run.

Financial Highlights

For the fiscal year ended March 31, 2021, MobiKwik’s total earnings fell 18 percent to Rs. 302 crore, while losses increased 12 percent to Rs. 111 crores. This table summarises the company’s financial highlights from March 31, 2019, to March 31, 2021.

Financial YearTotal RevenueTotal AssetsProfit After Tax
2018-19Rs. 160.23 CroreRs. 335.08 CroreRs. 147.97 Crore
2019-20Rs. 3,69.85 CroreRs. 337.94 CroreRs. 99.92 Crores
2020-21Rs. 302.26 CroreRs. 423.14 CroreRs. 111.30 Crore

MobiKwik IPO Market Lot

Minimum Lot Size:Minimum – Shares for 1 lot
Maximum Lot Size:Maximum – Shares for – lot
Minimum Amount:₹- for 1 lot
Maximum Amount:₹- for – lot

Mobikwik IPO Reservation 

The Mobikwik IPO Reservation is given in the table below:

QIB :50%
NII :15%
EMP :– %
RII :35%
Total :100%

Mobikwik IPO Shares Offer 

CategoryShares OffersAmount
Fresh issue :
Offer For Sale :
Total :

Mobikwik Board of Directors

Bipin Preet SinghManaging Director and CEO
Chandan JoshiWhole-time Director
Upasana Rupkrishan TakuWhole-time Director, Chairperson and ChiefOperating Office
Punita Kumar SinhaIndependent Director
Navdeep Singh SuriIndependent Director
Sayali KaranjkarIndependent Director
Raghu Ram Hiremagalur VenkateshIndependent Director

Company Promoters

The Company Promoters are as follows:

S. No.Promoters Name
Koshur Family Trust
Bipin Preet Singh
Upasana Roopkrishan Taku
Narinder Singh Family Trust

Promoter Holding of Mobikwik IPO

Pre Issue Share Holding73.95%
Post Issue Share Holding

IPO Reviews of  Brokerage Firm 

ICICI Securities: Adding Soon
KR Choksey: Adding Soon
Capital Market: Adding Soon
Motilal Oswal: Adding Soon
Ventura Securities Limited: Adding Soon
GEPL Capital Ltd: Adding Soon

MobiKwik IPO Registrar

Address:Link Intime India Private LimitedC 101, 247 Park,L.B.S. Marg,Vikhroli (West), Mumbai 400 083Maharashtra, India
Contact Number:+91 22 4918 6200
E-mail id:[email protected] 
Investor grievance e-mail id:[email protected]
Contact Person:Shanti Gopal Krishnan
SEBI Registration No.:INR000004058

Lead Managers of Mobikwik IPO 

Some of the Lead Managers of Mobikwik IPO are as follows:

S. No.Managers Name
BNP Paribas
ICICI Securities Limited
Credit Suisse Securities (India) Private Limited
Jefferies India Private Limited
IIFL Securities Limited

Company Address:

  • Address:
  • One Mobikwik System Pvt Ltd.
  • 5th Floor, Huda City Centre,
  • Metro Station, Sector 29, Gurugram,
  • Gurgaon, Haryana, 122 001
  • Contact Number: +91 (124) 640 9190
  • E-mail Id: [email protected]
  • Website: