MobiKwik IPO

One MobiKwik Systems Limited

MobiKwik IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
To be announced------
Issue SizeIPO Doc
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DRHP PDF

About MobiKwik

One MobiKwik Systems Limited commenced operations in 2009 with MobiKwik Wallet allowing users to load money into a mobile wallet and make payments with a single click. It is one of the largest mobile wallets and Buy Now Pay Later (BNPL) players in India. It also offers payment gateway services to e-commerce merchants.;
Parent Organisation
One MobiKwik Systems Limited
Founded
2008
Managing Director
Bipin Preet Singh

Strengths & Risks

  • The company’s ecosystem connects end-users, retail merchants, lending institutions, and other partners, generating attractive networks effects benefiting all parties.
  • It has a large engaged user base with a low customer acquisition cost
  • Brand name known across the country
  • Technology and product-first approach to business
  • Inability to attract new users or merchants, and retain and grow its relationships with existing users or merchants
  • Security breaches and attacks against its platform
  • Substantial and increasingly intense competition
  • History of losses, including in Fiscals 2019, 2020 and 2021
  • Inability to maintain the levels of growth
  • Failure to maintain relationships with lending partners for the BNPL segment
  • Collection efforts in the BNPL offerings may be ineffective or deemed improper
  • Dependency on internet search engines, mobile operating systems, and application marketplaces to drive traffic and make the platform available to users and merchants.
  • Dependency on third parties to provide reliable and satisfactory products and services
  • Inability to successfully protect its intellectual property rights from being infringed by others
  • Failure to deal effectively with fraudulent transactions, illegal activities, and negative user experiences
  • Inability to keep pace with rapid technological developments to provide new and innovative products and services

Financials

*All values are in Rs. Cr
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