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MobiKwik IPO
One Mobikwik Systems Ltd IPO
MobiKwik IPO Details
One Mobikwik Systems Ltd, or MobiKwik, is a leading digital payment brand in the Buy Now Pay Later (BNPL) segment and provides mobile wallet facilities. The company has been focused on making regular mobile payments easy for customers.
This type of service has gained immense popularity in recent times, with the number of users expected to reach 202 million. And among them, MobiKwik, with more than 100 million registered users, is undeniably the biggest name now.
Established in 2009, MobiKwik has been a prominent name in the Indian FinTech industry for quite some time. The brand generated a revenue of Rs. 5.4 billion in FY 2021. The brand has also been able to raise funding from big investors like Abu Dhabi Investment Authority (ADIA), American Express Ventures, and Cisco.
MobiKwik IPO Strengths
1. An ongoing robust user base of more than 107 million
2. Over one million PAN-India transactions carried out daily across various services
3. More than 3.44 million billing merchants across the country, both offline and online
4. Consistently promotes innovative products to customers, e.g. small-ticket loans, EMI payment facilities, insurance policies, etc.
5. A slowdown in economic growth due to an increase in inflation and volatility in the financial market could potentially be the right time to enter
6. Newer offerings and enhanced customer experience to beat the competition
7. Recent changes in taxation and legal compliance
MobiKwik IPO Weaknesses
1. Despite the many regulations on taxation, online fraud continues to be a thorn in the company's reputation
2. There have been some irregularities noticed with the RBI compliances
3. There have been reports of system failures
4. The company has not been able to provide cross-selling of insurance products
5. Maintaining growth and consistent cashflow has been a challenge for the brand recently
MobiKwik Revenue & Profit
+1.48 | -1.48 |
+3.56 | -0.99 |
+2.88 | -1.11 |
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MobiKwik IPO Dates
| Open Date | To be announced |
| Close Date | To be announced |
| Allotment Date | To be announced |
| Initiation of Refunds | To be announced |
| Credit of Shares | To be announced |
| Listing Date | To be announced |
MobiKwik IPO Lot Size
| Minimum Lot Size | To be announced |
| Maximum Lot Size | To be announced |
Seize the Opportunity! Apply for MobiKwik IPO
Free Demat Account Opening
Zero AMC Charges for First Year
Low DP Charges (Rs. 10 only)
Free IPO Report & Advisory
MobiKwik IPO Subscription Breakup
| QIBs | To be announced |
| Non-Institutional Investors | To be announced |
| Retail Investors | To be announced |
How to Apply for MobiKwik IPO?
Step 1
First, you need to visit the IPO section in our Choice FinX app.
Step 2
Then, click on the 'More' option to view the Invest in IPO section.
Step 3
Open the MobiKwik IPO by tapping on it.
Step 4
You will see an option to subscribe that you need to click on apply button.
Step 5
Now that you can see the IPO details, you must enter details like cut-off price, number of lots, and UPI ID.
Step 6
Next, verify your details and select the 'Subscribe' option to complete the bidding.
You have completed your bidding for the MobiKwik IPO. Log in and go to the 'IPO Transactions' section to track your allotment status.