One Mobikwik Systems IPO

One Mobikwik Systems Ltd

₹14,045 /53 sharesMinimum Investment

One Mobikwik Systems IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
11 Dec ‘24 - 13 Dec ‘24₹14,04553₹265 - ₹279
Issue SizeIPO Doc
572.00Cr
RHP PDF

Subscription rate

As of 11 Dec'24, 06:00 PM
Qualified Institutional Buyers0.0181701068540034x
Non-Institutional Investor8.97673805916791x
Retail Individual Investor26.7539395595995x
Total7.32x

About One Mobikwik Systems

MobiKwik operates as a platform-based business with a two-sided payment network that connects consumers and merchants. For consumers, the MobiKwik app offers different payment options alongside financial products, including digital credit, investments, and insurance solutions. The company’s product portfolio includes services such as online checkout for e-commerce merchants, "Scan and Pay" with Kwik QR, MobiKwik Vibe (a soundbox solution), the MobiKwik EDC machine, and Merchant Cash Advance. MobiKwik has also developed offerings like MobiKwik ZIP and ZIP EMI for consumers following collaborations with lending partners, as well as Merchant Cash Advance solutions specifically for merchants. ;
Founded in
2008
Managing director
Mr. Bipin Preet Singh
Parent organisation
One Mobikwik Systems Ltd

Strengths & Financials of One Mobikwik Systems

Strengths
Risks
For MobiKwik, the number of registered users has grown at a compound annual growth rate (CAGR) of 12.31% from 123.56 million on 31 March 2022 to 155.84 million on 31 March 2024. As of June 30 June 2024, the company had 161.03 million registered users.
Evolving from a payments-focused business, MobiKwik claims it has transformed into a multi-product platform offering financial services. By consolidating and analysing consumer financial data through advanced analytics and machine learning, the company provides personalised financial solutions tailored to individual behaviour, capabilities, and aspirations.
MobiKwik, in partnership with SBM Bank India, offers a fixed deposit-backed credit card. This product is designed to help individuals with little or no credit history build their credit scores.
The company has collaborated with several leading lending partners, including Unity Small Finance Bank, TVS Credit Services, Hero Fincorp, Poonawalla Fincorp, SMFG India Credit (formerly Fullerton India), Suryoday Small Finance Bank, Northern Arc Capital, MyShubhLife, Krazybee Services, Vivriti Capital, and Transactree Technologies.
By June 30, 2024, MobiKwik had over 70.88 million KYC-completed users on its platform, acquired primarily through the MobiKwik Wallet.
The number of unique merchants where MobiKwik ZIP users transacted increased from 20,671 as of March 31, 2022, to 32,898 as of March 31, 2024.
MobiKwik leverages the account aggregator technology to offer a personal financial management product. By consolidating financial data into a single platform, the tool—powered by analytics and machine learning—helps consumers better understand and manage their finances, promoting financial wellness through personalised solutions.
The company has seen a consistent increase in revenue from operations. Revenue from operations increased from Rs 526.56 crore in FY22 to Rs 539.47 crore in FY23 to Rs 875.00 crore in FY24.

One Mobikwik Systems Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of One Mobikwik Systems IPO

Apply asPrice bandApply upto
Regular265 - 279₹2 Lakh
High Networth Individual265 - 279₹2 - 5 Lakh
For One Mobikwik Systems IPO, eligible investors can apply as Regular.
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