One Mobikwik Systems Ltd IPO
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One Mobikwik Systems Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 205.02 L | TBA | ₹ 20.5 L | ₹ 195.61 L | BSE | ₹ 572 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 11 Dec, 24 | 13 Dec, 24 | 53 | ₹ 14,045 | Book Building | 18 Dec, 24 |
One Mobikwik Systems Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Miscellaneous |
| Sub Sector | NA |
| Issue Type | Book Building |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0.35x | 15376344 | 5445485 |
| NII | 31.66x | 3075269 | 97357979 |
| Retail | 68.06x | 2050179 | 139542110 |
| Employee | 0x | 0 | 0 |
| Total | 11.82x | 20501792 | 242345574 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
One Mobikwik Systems Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 875.00 | 539.47 | 526.57 |
| EBITDA | 17.56 | -74.05 | -123.81 |
| PAT | 8.94 | -82.60 | -127.97 |
| Total Assets | 653.41 | 518.77 | 603.17 |
| Share Capital | 11.44 | 11.44 | 11.44 |
| Total Borrowings | 449.38 | 297.94 | 353.66 |
| Operating Activities (Net Cash) | 13.25 | -78.33 | -125.89 |
| Investing Activities (Net Cash) | 66.06 | 63.07 | 53.49 |
| Financing Activities (Net Cash) | 449.38 | 297.94 | 353.66 |
| Net Cashflow | 334.74 | 337.57 | 348.28 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
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 IPO 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
- 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.
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.