One Mobikwik Systems Limited (Mobikwik)
CLOSEDIPO Date: 11 Dec - 13 Dec 2024
Listing Date: 18 Dec 2024
Price Range
₹265 to ₹279
Issue Size
572 Cr
Min Investment
₹14,045
Lot Size
53 Shares
Schedule of One Mobikwik Systems Limited (Mobikwik)
Issue open date
11 Dec 2024
Issue close date
13 Dec 2024
UPI mandate deadline
13 Dec 2024 (5 PM)
Allotment finalization
16 Dec 2024
Share credit
17 Dec 2024
Listing date
18 Dec 2024
Mandate end date
28 Dec 2024
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 572 Cr |
| Fresh Issue | Cr |
| Offer for Sale | Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 16 Dec 2024 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 18 Dec 2024 | ₹279 | ₹160 | ₹439 (57.35%) |
| 17 Dec 2024 | ₹279 | ₹160 | ₹439 (57.35%) |
| 16 Dec 2024 | ₹279 | ₹165 | ₹444 (59.14%) |
| 15 Dec 2024 | ₹279 | ₹165 | ₹444 (59.14%) |
| 14 Dec 2024 | ₹279 | ₹165 | ₹444 (59.14%) |
| 13 Dec 2024 | ₹279 | ₹165 | ₹444 (59.14%) |
| 12 Dec 2024 | ₹279 | ₹156 | ₹435 (55.91%) |
| 11 Dec 2024 | ₹279 | ₹149 | ₹428 (53.41%) |
| 10 Dec 2024 | ₹279 | ₹136 | ₹415 (48.75%) |
| 9 Dec 2024 | ₹279 | ₹130 | ₹409 (46.59%) |
| 8 Dec 2024 | ₹279 | ₹111 | ₹390 (39.78%) |
Performance One Mobikwik Systems Limited (Mobikwik)
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹265 to ₹279 | ₹ 1752 (89.25%) | ₹ 284.95 | 2.13% |
About One Mobikwik Systems Limited (Mobikwik)
One MobiKwik Systems Limited, established in 2009, is a leading Indian digital payment company. It started with the MobiKwik Wallet, enabling users to load money and make quick, one-click payments. Today, it is one of India's largest mobile wallets and BNPL (Buy Now Pay Later) providers, also offering payment gateway services for e-commerce merchants.
| Founded in | 2008 |
| Managing director | Bipin Preet Singh |
| Parent organization | One MobiKwik Systems Limited |
Financial Overview
Strengths
- MobiKwik offers innovative products like instant loans EMI payment options and insurance covers alongside regular online payment services
- The company faces challenges due to inflation and economic slowdown that could hinder growth
- Intense competition in the fintech space risks loss of market share to competitors with better offerings and customer experiences
Risks
- Lack of robust regulations against online fraud increases exposure to security breaches and reputational risks
- Non-compliance with RBI regulations and operational failures could significantly impact growth and cash flow continuity
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 125.82 |
| Non-Institutional Investors (NIIs) | 114.7 |
| Retail Individual Investors (RIIs) | 141.78 |
| Employee | N/A |
| Total | 125.69 |