One Mobikwik Systems Limited IPO (Mobikwik IPO) Detail Review –
One Mobikwik Systems Limited IPO (Mobikwik IPO) is set to open for subscription from 11th Dec 2024 to 13th Dec 2024. In this article we will analyze the financials , strengths and weaknesses of the One Mobikwik Systems Limited IPO (Mobikwik IPO). Keep scrolling below to read more!
One Mobikwik Systems Limited IPO (Mobikwik IPO) Overview –
Established in March 2008, Mobikwik is a fintech company providing prepaid digital wallets and online payment services.
The company provides a range of payment services, enabling consumers to:
- Pay utility bills, such as mobile recharges, electricity, and credit card bills
- Make purchases at both online and offline merchants, including retail stores and fuel stations
- Transfer money to phone numbers, UPI IDs, or bank accounts
- Check bank balances
- Scan QR codes and make payments using UPI or Rupay credit cards.
The company has created innovative products such as MobiKwik ZIP, ZIP EMI for consumers, and Merchant Cash Advance for merchants through in-house models and strategic partnerships with lending partners. These offerings utilize digital public infrastructure (DPI) such as Aadhaar, E-Nach, Digi-Locker, and NSDL to provide seamless and digital-first experiences for consumers.
As of June 30, 2024, the company has 161.03 million registered users and has enabled 4.26 million merchants to make and accept payments both online and offline.
The product range of the company includes the following
- Online Checkout for E-commerce Merchants: Enables merchants to accept payments through all major modes, including UPI, wallets, cards, and pay-later options.
- Scan and Pay with Kwik QRs: This feature allows retail merchant partners to accept payments via UPI, wallets, cards, and pay-later options using QR codes.
- MobiKwik Vibe (Soundbox): A QR-enabled device that announces payment confirmations for merchants, enhancing the customer experience.
- MobiKwik EDC Machine: A point-of-sale terminal that allows merchants to accept all in-person payment modes, including credit cards, debit cards, and UPI.
- Merchant Cash Advance: A flagship credit product that provides accessible, affordable credit to merchants using the company’s payment solutions for their business needs.
MobiKwik ZIP is a flagship product that lets consumers buy now and pay later within 30 days, offering flexibility and easy repayment options.
As of June 30, 2024, the company has 226 permanent employees in its technology function.
As of December 2024, the company had obtained 19 registered trademarks and had applied for 11 trademark applications under the Trade Mark Act of 1999.
Competitive Strengths:
- Empowering Journeys through the Company’s legacy of providing a positive and sustainable consumer experience
- Efficient operational management of loan products distributed by them.
- The trust in their brand
- Technology and product first approach to business
One Mobikwik Systems Limited IPO (Mobikwik IPO) Synopsis –
One Mobikwik Systems Limited IPO (Mobikwik IPO) is set to be open for subscription from 11th Dec 2024 to 13th Dec 2024, offering fresh issue of 2.05 crore shares aggregating to Rs 572.00 crores. This NSE,BSE IPO follows a Book Built Issue IPO with tentative listing date fixed as Wednesday, December 18, 2024.
The total issue size of this IPO amounts to Rs. 572.00 Crores. The company has allocated shares 10% to retail investors, 75% to institutional and 15% to non institutional investors.
| Particulars | Details |
| Opening Date | 11th Dec 2024 |
| Closing Date | 13th Dec 2024 |
| Lot Size | 53 Shares |
| Face Value | Rs 2 |
| IPO Size | Rs. 572.00 Cr |
| Fresh Issue | Rs. 572.00 Cr |
| IPO Price Range | Rs. 265 – 279 |
| Min. Investment | Rs. 14,787 |
| Offer for Sale (OFS) | — |
| Employee Discount | — |
| Basis of Allotment | 16th Dec 2024 |
| Refunds | 17th Dec 2024 |
| Listing Date | 18th Dec 2024 |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
One Mobikwik Systems Limited IPO (Mobikwik IPO) Market Lot –
One Mobikwik Systems Limited IPO (Mobikwik IPO) minimum market lot is 53 shares with ₹14,823 application amount. The retail investors can apply up to 13 lots with 689 shares or ₹1,92,231 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 53 | ₹14,823 |
| Retail Maximum | 13 | 689 | ₹1,92,231 |
| S-HNI Minimum | 14 | 742 | ₹2,07,018 |
| S-HNI Maximum | 67 | 3,551 | ₹9,90,729 |
| B-HNI Minimum | 68 | 3,604 | ₹10,05,516 |
One Mobikwik Systems Limited IPO (Mobikwik IPO) Book Running Lead Managers –
- DAM Capital Advisors Ltd.
One Mobikwik Systems Limited IPO (Mobikwik IPO) Registrar to the offer –
The registrar for the One Mobikwik Systems Limited IPO (Mobikwik IPO) is Link Intime India Pvt Ltd. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
The Objective Of The Issue –
The company desires to use the Net Proceeds from the Issue to fulfill its following goals:
- Funding growth in the financial services business
- Funding growth in the payment services business
- Investment in data, ML, AI, product and technology
- Capital expenditure for the payment devices business
- General corporate purposes
Key Performance Indicator –
The market capitalization of Sai Life Sciences Limited IPO is Rs 2,295.45 Cr.
KPI as of March 31, 2024.
| KPI | Values |
| ROE: | — |
| ROCE: | — |
| EBITDA Margin: | — |
| PAT Margin: | — |
| Debt to equity ratio: | — |
| Earning Per Share (EPS): | -₹14.66 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | -59.09% |
| Net Asset Value (NAV): | ₹24.80 |
Financial Status –
One Mobikwik Systems Limited’s revenue increased by 59% and profit after tax (PAT) rose by 117% between the financial year ending with March 31, 2024 and March 31, 2023.
Below is the synopsis of the company’s financial data for the financial year that concluded on 30 Sept 2024.
The company’s total assets are Rs. 908.10 crore.
The company’s total revenue is Rs. 345.83 crore.
The company’s PAT is Rs. -6.62 crore.
The company’s net worth is Rs. 216.54 crore
| Period Ended | 30 Sept 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
| Total Assets | 908.1 | 854.65 | 714.33 | 836.13 | ||||||||||||||||||||||||||||||||||||
| Revenue from operations | 345.83 | 890.32 | 561.12 | 543.22 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | -6.62 | 14.08 | -83.81 | -128.16 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 216.54 | 142.69 | 162.59 | 158.65 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 147.21 | 151.55 | 131.26 | 205.1 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 206.34 | 211.7 | 192.27 | 150.91 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Evaluation of P/E Ratio :
Considering the FY ended 31 Mar 2024 with an EPS of Rs.2.46 from the last year, the resulting P/E ratio is 113.41x.
Considering the weighted EPS of Rs.-7.50 for the last three years, the P/E ratio is NA.
Comparative Analysis with Listed Peers
No listed peers, hence no comparison is possible.
Peers of One Mobikwik Systems Limited IPO (Mobikwik IPO) –
| Company Name | EPS (Basic) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Income | Financial statements |
|---|---|---|---|---|---|---|---|
| One Mobikwik Systems Limited | 2.46 | 28.43 | 8.66 | 9.96 | 8,903.15 Crore | Consolidated | |
| One 97 Communications Limited | -22.33 | 209.29 | -10.7 | 4.32 | 8,400.00 Crore | Consolidated | |
| Affirm Holdings Inc | -133.6 | 702.64 | -18.95 | 8.06 | 12,703.88 Crore | Consolidated | |
| PayPal Holdings, Inc | 308 | 1,570.97 | 22.17 | 20.17 | 4.34 | 2,20,144.00 Crore | Consolidated |
Dividend Policy –
The company has not paid any dividends in the last three fiscals.
One Mobikwik Systems Limited IPO (Mobikwik IPO) Strengths –
Enabling journeys through the organization’s legacy of creating a positive and sustainable consumer experience.
Effective operational management of loan products distributed by them.
The trust towards them.
Technology and product first approach to business.
One Mobikwik Systems Limited IPO (Mobikwik IPO) Weakness –
Profitability Issues: Mobikwik has reported losses in prior years, and whether it can generate sustained profitability remains to be seen.
Tough Competition: PhonePe, Paytm, and Google Pay are just a few of the large companies that govern India’s booming digital payments market. This can cause Mobikwik’s margins and shares to decline.
Regulatory risks: Like any fintech, Mobikwik faces challenges from several regulators and compliance issues.
A shift in the regulatory machinery could affect the operational parameters of the company.
Depend on External Funding: Mobikwik primarily relies on the funds received externally at different levels of expansion, and invades ambitions for growth in case of non-easy access to funding sources.
One Mobikwik Systems Limited IPO (Mobikwik IPO) Status –
One Mobikwik Systems Limited IPO (Mobikwik IPO) allotment status will be available on the Link Intime India Pvt Ltd website. Click on this link to get allotment status.
Disclaimer –
- Don’t decide to subscribe to an IPO just based on the initial price, as it can change before the listing. Subscribe only after considering fundamentals of the companies.
Conclusion –
Hope the details presented in this blog will assist you in learning about the financial performance of the company. Before making an investment in the company’s upcoming initial public offering (IPO), thoroughly research the company, its finances, business prospects, and market trends.
Also, investors should consult their financial advisor, conduct further due diligence, analyze industry trends and the competitive landscape, and consider risk factors before making an investment decision.
For all such latest information on upcoming IPOs, keep visiting our website.
