One MobiKwik Systems Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹160(57.35%)
Premium (ELP)
One MobiKwik Systems Limited's successfully transitioned to public market status with its listing on NSE, BSE on Dec 18, 2024. The IPO mobilized 2,05,01,792 Shares in cumulative capital, including 2,05,01,792 Shares for corporate expansion.
The public offering was conducted within the price parameters of ₹265 to ₹279, with minimum investment lots of 53 shares. subscription activity between Dec 11, 2024 and Dec 13, 2024 demonstrated market reception to the company's valuation and growth narrative.
The allotment process concluded on Dec 16, 2024, finalizing share distribution to successful bidders. The listing represents a transformational event, providing the company with enhanced market visibility, regulatory compliance framework, and access to diversified investor capital.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 2009, MobiKwik is a leading fintech company offering prepaid digital wallets and online payment services. It enables 161.03 million users and 4.26 million merchants (as of June 30, 2024) to perform a variety of transactions, including utility bill payments, merchant purchases, money transfers, and QR-based payments via UPI and RuPay credit cards. MobiKwik's innovative products include MobiKwik ZIP (buy now, pay later), ZIP EMI for consumers, and Merchant Cash Advance for businesses, leveraging digital public infrastructure like Aadhaar and Digi-Locker. Its solutions, such as online checkout, Kwik QR payments, soundbox-enabled payment confirmations, EDC machines, and flexible credit products, enhance digital payment experiences. Supported by 226 tech employees and a robust IP portfolio of 19 trademarks (with 11 pending), MobiKwik is a pioneer in seamless, tech-driven payment solutions.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Legacy of Consumer Empowerment: A strong commitment to delivering positive and sustainable consumer experiences.
Efficient Operations: Expertise in managing and distributing loan products effectively.
Trusted Brand: Established reputation and consumer trust in its offerings and services.
Regulatory Risks: Operations are subject to RBI oversight, and adverse observations or notices could impact business continuity.
Uncertainty in Fund Utilization: Deployment of proceeds is based on management estimates, with potential deviations affecting expected revenues or profits.
Security Threats: Cyberattacks or breaches of sensitive data could harm reputation and adversely impact financial performance.
- Bipin Preet Singh
- Upasana Rupkrishan Taku
- Koshur Family Trust
- Narinder Singh Family Trust
One MobiKwik Systems Limited
Link Intime India Private Limited