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Issue Open Date
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11-Dec-24
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Issue Closing Date
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13-Dec-24
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Application Money
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100
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Allotment Money
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Price Band
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265
-
279
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Minimium Application No.
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53
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Issue Size (Shares)
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11871696
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Market Lot
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1
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Objective
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1. Funding growth in our financial services business 2. Funding growth in our payment services business 3. Investment in data, ML and AI and product and technology 4. Capital expenditure for our payment devices business 5. General corporate purposes
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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3237735
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352750351
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108.949729054416
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Qualified Institutional Buyers
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6475471
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773842188
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119.503614177254
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Retail Individual Investors
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2158490
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290694453
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134.674913017897
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Business Description
We are a fintech company - one of the largest mobile wallets (MobiKwik Wallet) and Buy Now Pay Later (“BNPL”) players in India, based on mobile wallet gross merchandise value (“GMV”) and BNPL GMV, respectively, in Fiscal 2021 (Source: RedSeer Report). According to the RedSeer Report, India’s online transacting users has rapidly grown at a CAGR of approximately 15% from 180 million in Fiscal 2018 to over 250 million in Fiscal 2021. However, India had only 30-35 million unique credit card users resulting in a low credit card penetration of 3.5% (of the total Indian population above the age of 15 years) compared to the world’smajor economies, as of March 31, 2021 (Source: RedSeer Report). We are focused on addressing the unmet credit needs of these fast growing online transactors by combining the convenience of everyday mobile payments with the benefits of Buy Now Pay Later (BNPL).
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Promoter's Holding
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Total Share Capital
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19560928
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Offered to Public
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11871696
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Promoter's Holding (Pre-Issue)
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34.21
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Promoter's Holding (Post-Issue)
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25.18
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Address |
Unit No. 102
1st Floor
Block- B
Pegasus One
Golf Course Road
Sector-53
Gurugram,
Haryana,
122003
Phone : 0124-4903344
Email : ipo@mobikwik.com
Website : www.mobikwik.com/ir
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Registrar |
Link Intime India Pvt Ltd.
C 101
247 Park
LBS Marg
Vikhroli (West)
Mumbai
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Listed at |
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BSE, NSE
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Lead Manager |
Dam Capital Advisors Ltd. (Formerly IDFC Securities Ltd.)
SBI Capital Markets Ltd
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Promoters |
Bipin Preet Singh
Koshur Family Trust
Narinder Singh Family Trust
Upasana Rupkrishan Taku
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