One Mobikwik Systems was incorporated on March 20, 2008. The company operates as a platform business with a two-sided payments network, connecting consumers and merchants. The platform's value grows as new products are added to its digital credit, investment, and insurance verticals
| Bidding Dates |
|---|
| 11 Dec 2024 - 13 Dec 2024 |
| Subscription |
|---|
| 119.38x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,045 | 1 | 13 | 53 | 20.5 M | ₹265 - ₹279 | 25.18 % | ₹5433.0 M - ₹5720.0 M | RHP DOC |
One MobiKwik Systems Ltd. IPO SUBSCRIPTION STATUS
13 Dec '24One MobiKwik Systems Ltd. IPO overall subscription rate was 119.38 times the total available shares
One MobiKwik Systems Ltd. IPO retail subscription rate was 134.67 times in the retail segment
One MobiKwik Systems Ltd. IPO non-institutional investor subscription rate was 108.95 times in the non-institutional investor category
One MobiKwik Systems Ltd. IPO Qualified Institutional Bidder subscription rate was 119.5 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
13 Dec 2024 (Day 3) | 134.67x | 108.95x | 119.5x |
12 Dec 2024 (Day 2) | 64.65x | 30.07x | 0.84x |
11 Dec 2024 (Day 1) | 26.75x | 8.98x | 0.02x |
One MobiKwik Systems Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| Q1FY25 | -66.2 | 3,422.7 | 135.0 | 79.0 | 0.6% |
| FY24 | 140.8 | 8,750.0 | -220.7 | -276.5 | 4.2% |
| FY23 | -838.1 | 5,394.7 | 270.1 | 255.6 | -10.0% |
| FY22 | -1,281.6 | 5,265.7 | -3,205.9 | -3,239.3 | -21.2% |
One MobiKwik Systems Ltd. IPO SUBSCRIPTION STATUS DETAILS
One MobiKwik Systems Ltd. had 20.5 M shares on offer
One MobiKwik Systems Ltd. IPO offer price was in the range ₹265 - ₹279
One MobiKwik Systems Ltd. IPO minimum Investment was ₹14045
One MobiKwik Systems Ltd. IPO issue size was ₹ 5433.0 M - ₹ 5720.0 M
One MobiKwik Systems Ltd. had a minimum lot size of 53 Shares per application
One MobiKwik Systems Ltd. NUMBER OF SHARES ON OFFER
One MobiKwik Systems Ltd. IPO IMPORTANT DATES
| Issue Open Date | 11 Dec 2024 |
| Issue close Date | 13 Dec 2024 |
| Allotment Date | 16 Dec 2024 |
| Refund Date | 17 Dec 2024 |
| Demat Account Credit Date | 17 Dec 2024 |
| Listing Date | 18 Dec 2024 |
| Listing on Exchange(s) | NSE and BSE |
| One MobiKwik Systems Ltd. Allotment Status | Exchange |
One MobiKwik Systems Ltd. IPO subscription opened on 11 Dec 2024, and closed on 13 Dec 2024
IPO allotment for One MobiKwik Systems Ltd. was finalized on Monday, 16 Dec 2024
IPO listing for One MobiKwik Systems Ltd. was on NSE and BSE on Wednesday, 18 Dec 2024
One MobiKwik Systems Ltd. IPO LISTING GAINS
| Issue Price (adjusted) | 279.0 |
| Listing Open Price | 440.0 |
| Listing Close Price | 528.0 |
| Listing Gain% | 57.7% |
| Current Gain% | -23.9% |
One MobiKwik Systems Ltd. Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| One Mobikwik Systems Ltd. | 212.2 | 1648.5 | -133 | -1.4 | 1.5 | -11.5 | -4.4 | 1154.2 | -3.2 | -62.1 | 48.9 | -1.6 | 92 |
| One97 Communications Ltd. | 1593.7 | 102177.4 | 157.2 | 1.4 | 11.4 | 3.4 | 2.3 | 9291 | 21.9 | 553 | 184 | 10.1 | 114.7 |
| PB Fintech Ltd. | 1733 | 80185 | 107.2 | 1.1 | 10.9 | 9.2 | 7.7 | 7166.4 | 33.1 | 669.9 | 89.8 | 16.2 | 98.3 |
| Affle 3I Ltd. | 1677.3 | 23629.7 | 49.5 | 2.6 | 8.3 | 12.4 | 10.3 | 2787.6 | 18.1 | 454.9 | 19.1 | 33.9 | 19.2 |
| Pine Labs Ltd. | 167.6 | 19336.4 | 151.9 | 0.7 | 6.8 | 1.9 | 0.8 | 2847.2 | 22.3 | 112.5 | 177.3 | 1.1 | 212.8 |
| Amagi Media Labs Ltd. | 659.5 | 14267.6 | 4.1 | 3 | 1570.1 | 28.4 | 71.7 | 204.3 |
One MobiKwik Systems Ltd. INFORMATION ON IPO ISSUE
About One MobiKwik Systems Ltd.
One Mobikwik Systems was incorporated on March 20, 2008. The company operates as a platform business with a two-sided payments network, connecting consumers and merchants. The platform's value grows as new products are added to its digital credit, investment, and insurance verticals
Object of the Issue
- Expanding the core businesses of distribution of digital financial services and digital payments.
- Strengthening the platform by investing in data, products, AI, and technology.
One MobiKwik Systems Ltd. - PROMOTERS
| Name |
|---|
| Bipin Preet Singh |
| Upasana Rupkrishan Taku |
One MobiKwik Systems Ltd. Book running lead manager
SBI Capital Markets Limited
mobikwik.ipo@sbicaps.com
DAM Capital Advisors Limited
mobikwik.ipo@damcapital.in
One MobiKwik Systems Ltd. Registrar to the offer
Link Intime India Private Limited
mobikwik.ipo@linkintime.co.in
One MobiKwik Systems Ltd. Strengths
Monetisation
The company has strongly monetised the payments platform by deploying a cross-sell engine early in the consumer and business lifecycle compared to peers. As per the RedSeer Report, in Fiscal 2023, MobiKwik had one of the highest monetisation diversifications (ratio of payment revenue vs non-payment revenue) among digital payment platforms
Efficient operational management
The company's strengths lie in the adept management of operational costs for its digital credit products, evidenced by a consistent decline over the past three financial years. This has been accompanied simultaneously by a substantial surge in total credit disbursement
Technology and product-first approach
The company adopts a technology and product-first approach to business, powered by cloud-hosted transactional, data, and analytical platforms. The large transactional platforms are distributed by design, capable of handling high throughput, and use event-driven architecture to manage a large number of events.
One MobiKwik Systems Ltd. Risks
High competition
The company faces substantial and increasingly intense competition in the fintech industry. If it is unable to compete effectively, its business, financial condition, results of operations, and prospects could be materially and adversely affected
Dependent on lending partners
The company's distribution of financial services products depends on its relationships with lending partners, and any failure to maintain such partnerships could adversely affect the business
Tight regulations
The company's operations are subject to regulation, oversight, and inspection by the RBI, and any adverse observations, proceedings, or notices from the RBI may affect its operations
IPO FAQs
The promoters of the company are Bipin Preet Singh and Upasana Rupkrishan Taku.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.
The price band of the IPO is Rs 265.0 - 279.0.
The IPO application opens on Dec 11, 2024 and closes on Dec 13, 2024.
The minimum lot size for the IPO is 53. The maximum lot size for the IPO is 689.
For all category investors, the minimum application amount for this IPO is Rs. 14,045.0, the maximum value for this IPO is Rs 192,231.0.
This IPO will be allotted on Dec 16, 2024.
The refund will be credited to your account on Dec 17, 2024.
The allotted shares will be credited to your demat on Dec 17, 2024.
One MobiKwik Systems Ltd.’s shares listed on the stock exchanges on Dec 18, 2024.