One MobiKwik Systems IPO Details, Financials, Valuation & Peers
Get everything you need to know about the One MobiKwik Systems IPO. Explore One MobiKwik Systems IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
One MobiKwik Systems Limited, founded by Bipin Preet Singh and Upasana Taku, is a pioneering platform business in India with a focus on leveraging technology to facilitate financial inclusion for underserved populations. With a two-sided payments network comprising consumers and merchants, the company offers a range of digital financial products and services. Through innovation and strategic expansion, MobiKwik has achieved significant growth and profitability in the digital financial services sector.
Key Points:
- Business Model: MobiKwik operates as a platform business, connecting consumers and merchants through its two-sided payments network. The company has amassed a large user base of 146.94 million registered users and enabled 3.81 million merchants to make and accept payments both online and offline.
- Frugal, Digital-First Innovation: MobiKwik is committed to growth through digital-first innovations, maintaining one of the lowest employee costs to revenue ratios among digital financial product and services platforms. The company's focus on digital innovation has resulted in impressive growth rates, with Payment GMV growing at an annual rate of 32.33% and MobiKwik ZIP GMV (Disbursements) growing at an annual rate of 354.86% from Fiscal 2021 to Fiscal 2023.
- Network Effects: MobiKwik capitalizes on various network effects, where the growth in the number of consumers leads to greater acceptance among merchants and vice versa. Additionally, the company leverages payments data to facilitate broader consumer underwriting, leading to increased spending within the network.
- Product Portfolio: MobiKwik offers a diverse range of products for both consumers and merchants. For consumers, this includes payments services such as recharge and bill payments, online and offline payments, money transfers, and digital credit products like MobiKwik ZIP and ZIP EMI. The company also provides investment products like Lens for personal financial management, Xtra for alternative investments, and distribution of mutual funds and digital gold.
- Merchant Empowerment: On the merchant side, MobiKwik empowers businesses across India with its payments and financial services offerings. This includes online checkout solutions for e-commerce merchants, scan and pay with Kwik QRs for retail partners, MobiKwik Vibe for QR-enabled payment announcements, MobiKwik EDC Machines for point-of-sale transactions, and Merchant Cash Advance for accessible credit solutions.
Objects of the Issue
- Funding growth in the financial services business
- Funding growth in the payment services business
- Investment in data, ML and AI and product and technology
- Capital expenditure for the payment devices business
- General corporate purposes
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 11 Dec - 13 Dec 2024 |
| IPO Price Band | ₹265 - ₹279 per share |
| Fresh Issue | ₹572 crore |
| Offer For Sale | NIL |
| Total IPO Size | ₹572 crore |
| Face Value | ₹ 2 |
| Listing On | BSE, NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 11 Dec 2024 |
| IPO Closing Date | 13 Dec 2024 |
| Basis Of Allotment | 16 Dec 2024 |
| Refunds | 17 Dec 2024 |
| Demat Transfer | 17 Dec 2024 |
| IPO Listing Date | 18 Dec 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Jun 2024 |
|---|---|---|---|---|
| Total Income | 543.22 | 561.12 | 890.32 | 345.83 |
| Total Expenses | 658.63 | 617.04 | 853.10 | 343.60 |
| Net Profit/Loss | -128.16 | -83.81 | 14.08 | -6.62 |
| NPM (*) | -23.56 | -14.94 | 1.58 | 1.91 |
| Total Assets | 836.13 | 714.33 | 854.65 | 908.10 |
| Total Liabilities | 619.59 | 571.64 | 692.06 | 749.45 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Jun 2024 |
|---|---|---|---|---|
| EPS | -23.04 | -14.66 | 2.38 | -1.16 |
| ROE (%) | -59.10 | -58.73 | 8.66 | -4.17 |
| ROCE (%) | NA | NA | NA | NA |
| D/E Ratio | 0.48 | 0.69 | 0.73 | 0.79 |
| Current Ratio | 1.08 | 1.03 | 1.08 | 1.05 |
| EBITDA MARGIN (%) | -21.24 | -9.97 | 4.18 | 0.64 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| One MobiKwik Systems Limited | 526.57 | 117.23 | 2.38 | 8.66 | 28.43 |
| One 97 Communications Ltd | 4,974.00 | NA | -22.33 | -10.70 | 209.29 |
| Affirm Holdings, Inc | 10,794.34 | NA | -133.60 | -18.95 | 702.64 |
| PayPal Holdings, Inc. | 2,02,968.00 | 22.17 | 307.20 | 20.17 | 1,570.97 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
IPO Reservation
| Investor Type | Shares Offered |
|---|---|
| Qualified Institutional Buyer (QIB) | Not less than 75% |
| Non-Institutional Investor (NII/HNI) | Not less than 15% |
| Retail Individual Investor (RII) | Not more than 10% |
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 125.82 |
| Non-Institutional Investor (NII/HNI) | 114.7 |
| Retail Individual Investor (RII) | 141.78 |
| Total | 125.69 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
MUFG Intime India Private Limited (Formerly known as Link Intime India Private Limited)
Phone: + 91 810 811 4949
Email: ipo.helpdesk@linkintime.co.in
Website: https://linkintime.co.in/
Company Promoters
- BIPIN PREET SINGH
- UPASANA RUPKRISHAN TAKU
- KOSHUR FAMILY TRUST
- NARINDER SINGH FAMILY TRUST
Lead Managers
- SBI CAPITAL MARKETS LIMITED
- DAM CAPITAL ADVISORS LIMITED
Company Address
One MobiKwik Systems Limited
Unit 102, 1st Floor, Block-B, Pegasus One, Golf Course Road, Sector-53, Gurugram, Haryana-122003, India
Phone: +91 (124) 490 3344
Email: ipo@mobikwik.com
Website: www.mobikwik.com/ir
FAQs
- What is the issue size of the One MobiKwik Systems IPO?The One MobiKwik Systems IPO has an issue size of ₹572 crore. This includes a fresh issue of ₹572 crore and an offer for sale (OFS) of NIL.
- What is the price band of the One MobiKwik Systems IPO?The price band for the One MobiKwik Systems IPO is ₹265 - ₹279 per share.
- What are the bidding dates for the One MobiKwik Systems IPO?The One MobiKwik Systems IPO will open for bidding on 11 Dec 2024 and close on 13 Dec 2024.
- What is the allotment date for the One MobiKwik Systems IPO?The allotment date for the One MobiKwik Systems IPO is 16 Dec 2024.
- What is the minimum lot size and investment required for the One MobiKwik Systems IPO?The minimum lot size for the One MobiKwik Systems IPO is 53 shares and the minimum investment required is ₹14,787.
- What is the listing date for the One MobiKwik Systems IPO?The listing date for the One MobiKwik Systems IPO is 18 Dec 2024.
- What is the One MobiKwik Systems IPO grey market premium?The grey market premium (GMP) for the One MobiKwik Systems IPO is currently at ₹160, with an expected listing gain of approximately 57.35%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.