Key Details:

• Issue Type: Main Board IPO
• Issue Size: ₹572.00 Cr
• Fresh Issue:₹572.00 Cr
• Price Band: ₹265 to ₹279 per share
• Face Value:₹2 per share
• Lot Size: 53 Shares
• Issue Type: Book Built Issue
• Registrar: Link Intime India Private Ltd

Timeline

IPO Open Date:	December 11, 2024
IPO Close Date:	December 13, 2024
Basis of Allotment:	December 16, 2024
Refunds:	December 17, 2024
Credit to Demat Account:	December 17, 2024
IPO Listing Date:	December 18, 2024

About Company

About MobiKwik

MobiKwik is a leading digital payments platform in India. It offers a range of financial services, including mobile recharges, bill payments, money transfers, and online shopping. The company has a large user base and a strong network of merchants.

Core Business:

• Digital Payments: MobiKwik core business is providing a platform for digital payments, enabling users to make payments for various services.
• Financial Services: The company also offers other financial services, such as loans and insurance.

Market Position:

• MobiKwik is one of the leading digital payment platforms in India, competing with other players like Paytm and Google Pay.
• The company has a strong presence in both urban and rural areas.

Future Outlook:

• The Indian digital payments market is growing rapidly, driven by increasing internet penetration and smartphone usage.
• MobiKwik aims to leverage this growth and expand its user base and product offerings.
• The company may also explore new opportunities in areas like fintech and financial inclusion.

Would you like to know more about MobiKwik’s financials or the IPO process?

Read DRHP Here

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Objective

The primary objectives of the MobiKwik IPO are:

• Funding Growth: The company aims to utilize the net proceeds from the IPO to fund growth in its financial services and payment services businesses. This includes expanding its product offerings, acquiring new customers, and investing in technology.
• Investing in Technology: MobiKwik plans to invest in data, machine learning, artificial intelligence, product development, and technology infrastructure to enhance its platform and services.
• Capital Expenditure: The funds will also be used for capital expenditure, particularly for the payment devices business, such as acquiring and deploying point-of-sale (POS) devices.
• General Corporate Purposes: The funds will be used for general corporate purposes, including working capital requirements, debt repayment, and other strategic initiatives.

By achieving these objectives, MobiKwik aims to strengthen its market position, expand its user base, and drive revenue growth.

POSITIVE

• Strong Brand Recognition: MobiKwik is a well-established brand in the Indian digital payments market.
• Large User Base: The company has a significant user base, providing a solid foundation for future growth.
• Diversification: MobiKwik’s expansion into financial services like loans and insurance can drive additional revenue.
• Technological Expertise: The company has strong technological capabilities to innovate and improve its services.

NEGATIVE

• Intense Competition: The digital payments market is highly competitive, with established players like Paytm, Google Pay, and PhonePe.
• Regulatory Challenges: The regulatory environment for digital payments can be complex and subject to change.
• Security Concerns: Ensuring the security of user data and preventing cyberattacks is crucial.
• Profitability: MobiKwik has historically struggled with profitability.

Financial Review of Mobikwik IPO

So, How Does Mobikwik IPO Fare in Terms of Financials ?

Period Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	908.1	854.65	714.33	836.13
Revenue	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	151.15	131.26	205.1
Total Borrowing	206.34	211.7	192.27	150.91
Amount in ₹ Crore

Key Observations:

• Revenue Growth: The company has experienced significant revenue growth, particularly from Q1 2024 to Q2 2024, indicating strong market penetration and increased user engagement.
• Profitability: Profit after tax (PAT) has improved, although it still remains negative. This suggests that the company is making progress in controlling costs and improving operational efficiency.
• Asset Growth: Assets have grown steadily over the past two years, reflecting investments in the business.
• Net Worth and Reserves: A decline in net worth and reserves suggests potential challenges in profitability and cash flow management.
• Debt: Total borrowing has increased, indicating a reliance on debt financing.

Mobikwik IPO Valuation :

KPI	Values
ROE	0.12
ROCE
Debt/Equity	0.73
RoNW	8.66%

SWOT Analysis: Mobikwik IPO

Strengths

• Strong Brand Recognition: MobiKwik is a well-established brand in the Indian digital payments market.
• Large User Base: The company has a significant user base, providing a solid foundation for future growth.
• Diversified Product Offerings: MobiKwik offers a range of financial services, including mobile recharges, bill payments, money transfers, and loans.
• Technological Expertise: The company has strong technological capabilities to innovate and improve its services.

Weaknesses

• Intense Competition: The digital payments market is highly competitive, with established players like Paytm, Google Pay, and PhonePe.
• Profitability Challenges: MobiKwik has historically struggled with profitability.
• Regulatory Risks: The regulatory environment for digital payments is complex and subject to change.
• Security Concerns: Ensuring the security of user data and preventing cyberattacks is crucial.or disputes can damage the company’s reputation.

Opportunities

• Growing Digital Payments Market: The Indian digital payments market is growing rapidly, driven by increasing internet penetration and smartphone usage.
• Expanding into New Markets: MobiKwik can expand its services to new markets and segments.
• Strategic Partnerships: Collaborating with other companies to offer bundled services can enhance its value proposition.

Threats

• Economic Slowdown: A slowdown in the economy can impact consumer spending and reduce demand for digital payments.
• Technological Disruptions: New technologies or business models could disrupt the digital payments industry.
• Regulatory Changes: Changes in government regulations can impact the company’s operations.

Competitive Analysis: Mobikwik

Key Competitors

MobiKwik operates in a highly competitive digital payments market in India. Key competitors include:

• Paytm: A leading digital payments and financial services company with a strong market presence and a diverse range of services.
• Google Pay: A popular digital payment app backed by Google, offering a seamless user experience and integration with Google services.
• PhonePe: A widely used digital payments app, especially for UPI transactions.
• Amazon Pay: A digital payment service offered by Amazon, leveraging its vast customer base.

Mobikwik IPO GMP

• Grey market premium as on 13-12-2024 = ₹156/ Share

Disclaimer:

• IPO Grey Market Premium (Mobikwik IPO GMP) mention is valid for the specific date as mentioned in the header.
• We are not buying and selling IPO forms on IPO Grey Market.
• Don’t decide to subscribe to an IPO just based on the initial price, as it can change before the listing.Subscribe only considering Fundamentals of the companies.

Mobikwik IPO

🔴 Live Subscription Status 🔴

13/12/2024 5:00 PM

	NO OF SHARES OFFERED	Day 1	Day 2	Day 3
Qualified Institutional Buyers(QIBs)	64,75,471	0.02	0.84	119.50
Non Institutional Investors(NIIs)	32,37,735	8.97	30.00	108.95
Retail Individual Investors(RIIs)	21,58,490	26.71	64.52	134.67
Employees	–	–	–	–
Total	1,18,71,696	7.31	20.37	119.38

FINAL TAKEAWAY

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