MobiKwik IPO Details | One Mobikwik System IPO | Finance Fit

MobiKwik IPO Details | One Mobikwik System IPO | Finance Fit

📌About One Mobikwik System IPO

The Mobikwik IPO aims to raise ₹572 crores through a fresh issue of 2.05 crore shares. It opens for subscription on December 11, 2024, and closes on December 13, 2024. The allotment is expected to be finalized on December 16, 2024, with the shares set to list on BSE and NSE on December 18, 2024.

The price band for the IPO is ₹265 to ₹279 per share. The minimum investment for retail investors is ₹14,787 for a lot of 53 shares. For sNII investors, the minimum is ₹207,018 for 14 lots (742 shares), while bNII investors can invest starting at ₹1,005,516 for 68 lots (3,604 shares).

SBI Capital Markets and Dam Capital Advisors are managing the IPO, and Link Intime India is the registrar.

📌About One Mobikwik Systems Limited

Founded in March 2008, Mobikwik is a fintech company offering digital wallets and online payment services. It provides a variety of payment solutions, including utility bill payments, mobile recharges, credit card bill payments, and purchases at online and offline merchants such as retail stores and fuel stations. Users can also transfer money to phone numbers, UPI IDs, or bank accounts, check bank balances, and make payments using QR codes, UPI, or Rupay credit cards.

Mobikwik has developed innovative financial products like MobiKwik ZIP and ZIP EMI for consumers and Merchant Cash Advance for businesses, leveraging partnerships with lending institutions and digital public infrastructure like Aadhaar, E-Nach, DigiLocker, and NSDL. These offerings aim to deliver a seamless and user-friendly experience.

As of June 30, 2024, Mobikwik had 161.03 million registered users and enabled 4.26 million merchants to accept payments both online and offline.

The company's products include:
- Online Checkout for E-commerce Merchants: Accepts payments via UPI, wallets, cards, and pay-later options.
- Kwik QR Payments: Allows retail merchants to accept payments through QR codes using UPI, wallets, and cards.
- MobiKwik Vibe (Soundbox): A device that confirms payments with audible alerts, enhancing merchant operations.
- MobiKwik EDC Machine: A point-of-sale terminal for credit card, debit card, and UPI payments.
- Merchant Cash Advance: Provides businesses with accessible and affordable credit solutions.
- MobiKwik ZIP: A "buy now, pay later" product enabling users to repay within 30 days, offering flexibility and convenience.

The company has a strong technology backbone, supported by 226 technology employees as of June 30, 2024. It also holds 19 registered trademarks and has 11 more applications pending under the Trade Mark Act of 1999.

Mobikwik's strengths include a focus on creating positive user experiences, efficient management of credit products, a trusted brand reputation, and a technology-driven approach to business.

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Short Note: The products or services reviewed in this video are for educational purposes only and should not be taken as a recommendation.

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