One Mobikwik Systems Ltd IPO

One Mobikwik Systems Ltd IPO

We are a platform business with a two-sided payments network, consisting of consumers and merchants. Our key businesses: Payment services: Using MobiKwik Wallet, UPI, cards and MobiKwik ZIP, consumers make payments of utility bills, to merchants and money transfers. Merchants can collect payments from consumers using aforesaid modes online or through QR codes, Soundbox and EDC devices. Financial services: Through MobiKwik ZIP (pay-later), ZIP EMI (personal loans) and Merchant Cash Advance (merchant loans), we distribute credit from our lending partners to consumers and merchants.

One Mobikwik Systems Ltd IPO Details

Total Shares Offered

₹ 2,05,01,792

Offer to Public

TBA

Retail Max (Shares)

₹ 20,50,179

Pre Issue Promoters Holding

₹ 1,95,60,928

Exchange

BSE

Issue size

₹ 572 Cr

IPO Open Date

Dec 11, 2024

Close Date

Dec 13, 2024

Lot Size

53

Min Investment

₹ 14,045

Issue Type

Book Building

Listing Date

Dec 18, 2024

One Mobikwik Systems Ltd IPO Dates

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Dec 11, 2024
Opening date
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Dec 13, 2024
Closing date
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Dec 16, 2024
Basis of Allotment
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Dec 17, 2024
Initiation of Refunds
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Dec 17, 2024
Credit of Shares
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Dec 18, 2024
Listing date

Details

SectorType
SectorMiscellaneous
Sub SectorNA
Issue TypeBook Building

Subscription Status

*Values are in Lakhs

Investor Type

QIB

NII

Retail

Employee

Total

One Mobikwik Systems Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)
Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations1,170.17875.00539.47
EBITDA-95.5817.56-74.05
PAT-122.378.94-82.60
Total Assets1,179.78653.41518.77
Share Capital15.5411.4411.44
Total Borrowings456.12449.38297.94
Operating Activities (Net Cash)-109.5013.25-78.33
Investing Activities (Net Cash)67.5766.0663.07
Financing Activities (Net Cash)456.12449.38297.94
Net Cashflow939.42334.74337.57

About One Mobikwik Systems Ltd

One Mobikwik Systems Limited was incorporated under the name `ONE MOBIKWIK SYSTEMS PRIVATE LIMITED' on March 20, 2008 at New Delhi as a private limited company, under the Companies Act, 1956 and was granted a certificate of incorporation by the Registrar of Companies, National Capital Territory of Delhi and Haryana (RoC). Thereafter, the Company was converted into a public limited company, pursuant to a special resolution passed in the extraordinary general meeting of its Shareholders held on June 23, 2021 and the name of the Company was changed to `ONE MOBIKWIK SYSTEMS LIMITED', and a fresh certificate of incorporation dated June 25, 2021 was issued to the Company by the RoC.

India's consumer internet industry will maintain a high growth trajectory, eventually reaching USD 600 billion or more by Fiscal 2028. The overall Indian e-commerce market is expected to become USD 190-200 billion by Fiscal 2028. On consumer payments, Redseer estimates that wallet transaction value will reach approximately 70-75 billion in FY28P. On digital credit, the total value of disbursed loans increased by about 41% compared to FY21, increasing from USD 5.8 billion in Fiscal 2021 to USD 11.6 billion in Fiscal 2023. In Fiscal 2028, about 4% of the total retail lending is expected through digital channels.

We are a platform business with a two-sided payments network, consisting of consumers and merchants. Our key businesses: Payment services: Using MobiKwik Wallet, UPI, cards and MobiKwik ZIP, consumers make payments of utility bills, to merchants and money transfers. Merchants can collect payments from consumers using aforesaid modes online or through QR codes, Soundbox and EDC devices. Financial services: Through MobiKwik ZIP (pay-later), ZIP EMI (personal loans) and Merchant Cash Advance (merchant loans), we distribute credit from our lending partners to consumers and merchants.

Peer Comparison:

  • No Listed Industry peers

One Mobikwik Systems Ltd Key Points

Strengths

Our Company's legacy of providing positive and sustainable consumer experience.

Large, engaged consumer base acquired with low CAC.

Efficient operational management of loan products distributed by us.

The trust in our brand.

Technology and product first approach to business.

Risk

The company 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.

The company funding requirements and proposed deployment of the Net Proceeds are based primarily on management estimates and assumptions and have not been appraised by any bank or financial institution or any other independent agency. The utilisation of the Net Proceeds may be subject to change based on various factors, some of which are beyond its control and such utilisation may not generate expected future revenues or profits after utilisation. Further, any change or variation in the utilisation of Net Proceeds from the terms and conditions stated in this Red Herring Prospectus shall be subject to compliance requirements, including among other things, prior Shareholders' approval.

Security breaches and attacks against its platform, and any potential breach of or failures to otherwise protect personal, confidential and proprietary information, could damage the company reputation and materially and adversely affect its business, financial condition and results of operations.

Strategy

Invest in data science, product and technology

Increase usage of BNPL in India

Increase digital payments in India

Continuous focus on profitable growth

Supplement Organic Growth with Strategic Acquisitions

How To Apply for One Mobikwik Systems Ltd IPO Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the One Mobikwik Systems Ltd IPO?

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One Mobikwik Systems Ltd's IPO offers shares for up to 572 It begins on Dec 11, 2024 and ends on Dec 13, 2024.

What is the price of the One Mobikwik Systems Ltd IPO?

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The price of One Mobikwik Systems Ltd IPO ranges between ₹265 to ₹279 per share.

What are the open and close dates for the One Mobikwik Systems Ltd IPO?

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The One Mobikwik Systems Ltd IPO opens on Dec 11, 2024 and closes on Dec 13, 2024.

When will the One Mobikwik Systems Ltd IPO be allotted?

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The allotment for the One Mobikwik Systems Ltd IPO will be finalised on Dec 16, 2024. The shares will be listed on BSE and NSE on Dec 18, 2024.

What is the minimum lot size required for One Mobikwik Systems Ltd IPO?

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The minimum lot size for One Mobikwik Systems Ltd IPO is 53 shares, priced between ₹265 to ₹279 per share.

What is the GMP of One Mobikwik Systems Ltd IPO?

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The GMP (Grey Market Premium) of One Mobikwik Systems Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of One Mobikwik Systems Ltd IPO?

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To check the allotment status of One Mobikwik Systems Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the One Mobikwik Systems Ltd IPO getting listed?

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The One Mobikwik Systems Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Dec 11, 2024, and closes on Dec 13, 2024. The allotment is finalised on Dec 16, 2024.

How do you apply for the One Mobikwik Systems Ltd IPO?

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To apply for the One Mobikwik Systems Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.

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