Mobikwik IPO is a book-built issue with a total size of ₹572 crore, consisting entirely of a fresh issue of 2.05 crore equity shares.
The subscription window for the Mobikwik IPO opens on December 11, 2024, and closes on December 13, 2024. The allotment is expected to be finalized on Monday, December 16, 2024, with the shares scheduled to list on the BSE and NSE on Wednesday, December 18, 2024.
Mobikwik operates in the fintech sector. They provide a range of digital financial services, including digital wallets, online payment services, digital credit, and investment products. Their platform connects consumers and merchants, facilitating transactions for daily needs like utility bill payments, online shopping, food delivery, and more.
The IPO price band is set between ₹265 and ₹279 per share. Retail investors must apply for a minimum lot size of 53 shares, requiring an investment of ₹14,787 at the upper price limit. Small Non-Institutional Investors (sNII) must apply for a minimum of 14 lots, or 742 shares, amounting to ₹207,018. Big Non-Institutional Investors (bNII) must apply for 68 lots, or 3,604 shares, translating to ₹1,005,516.
SBI Capital Markets Limited and Dam Capital Advisors Ltd (formerly IDFC Securities Ltd) are the book-running lead managers for this IPO, with Link Intime India Private Ltd serving as the registrar.
Mobikwik IPO Details:
| Company Name | One Mobikwik Systems Limited |
| Sector | Fintech |
| IPO Type | Mainboard |
| IPO Open date | 11th Dec 2024 |
| IPO Close date | 13th Dec 2024 |
| OFS | |
| Listing Exchanges | NSE, BSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Mobikwik IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 53 | 14,787 |
| sHNI (Min) | 14 | 742 | 2,07,018 |
| bHNI (Min) | 68 | 3604 | 10,05,516 |
Mobikwik IPO Timeline:
| IPO Open Date | 11th Dec 2024 |
| IPO Close Date | 13th Dec 2024 |
| Basis of Allotment | 16th Dec 2024 |
| Refund Initiation Date | 17th Dec 2024 |
| Shares Credit to Demat | 17th Dec 2024 |
| Listing Date | 18th Dec 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Mobikwik’s Financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Fintech Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Mobikwik and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
