Mobikwik IPO hit the bourses – NSE and BSE – on December 18. While the allotment was finalised on December 16. The IPO, valued at Rs 572 crore, was a book-built issue consisting entirely of a fresh issue of 2.05 crore equity shares. The IPO opened for bidding on December 11 and closed on December 13.
The price band ranged from Rs 265 to Rs 279 per share. SBI Capital Markets and Dam Capital Advisors are the lead managers, while Link Intime India serves as the registrar for the issue.
Mobikwik IPO Allotment Live Updates: Promoters share holding pattern
Mobikwik IPO Allotment Live Updates: Mobikwik IPO basic details
The price band for the Mobikwik IPO has been set at Rs 265 to Rs 279 per share. The minimum lot size for retail investors is 53 shares, requiring an investment of Rs 14,787. For small non-institutional investors (sNII), the minimum investment is 14 lots (742 shares), totaling Rs 2,07,018, while for big non-institutional investors (bNII), the minimum is 68 lots (3,604 shares), amounting to Rs 10,05,516.
Mobikwik IPO Allotment Live Updates: Book running lead managers and registrar for the issue
Mobikwik IPO Allotment Live Updates: Mobikwik IPO lot sizes
The Mobikwik IPO allows investors to bid for a minimum of 53 shares, with additional bids in multiples of 53. Retail investors can apply for a minimum of 53 shares, costing Rs 14,787, and up to 689 shares, amounting to Rs 1,92,231. For Small HNIs (S-HNI), the minimum bid is for 742 shares, totaling Rs 2,07,018, with a maximum of 3,551 shares, costing Rs 9,90,729. Large HNIs (B-HNI) are required to bid for at least 3,604 shares, with a minimum investment of Rs 10,05,516.
Mobikwik IPO Allotment Live Updates: Tentative Schedule of Mobikwik IPO
The Mobikwik IPO was scheduled to open on Wednesday, December 11, 2024, and will close on Friday, December 13, 2024. The basis of allotment will be finalized by Monday, December 16, 2024, followed by refunds being initiated on Tuesday, December 17, 2024. Shares will be credited to Demat accounts on the same day, December 17, 2024. The listing date for the shares is set for Wednesday, December 18, 2024. Investors must ensure UPI mandate confirmation by the cut-off time of 5 PM on December 13, 2024.
Mobikwik IPO Allotment Live Updates: About the company
Founded in March 2008, Mobikwik offers a range of services in prepaid digital wallets and online payment. It enable consumers to pay utility bills, make online and offline purchases, transfer money to phone numbers or bank accounts, check bank balances, and make payments via UPI or RuPay credit cards, including scanning QR codes at retail stores and fuel stations.
Mobikwik IPO Allotment Live Updates: Bajaj Broking on IPO
"Regarding financial performance, for the last three fiscal years, Mobikwik Systems Ltd. (OMSL) has reported the following consolidated figures: a total income/net profit/(loss) of Rs. 543.22 crore / Rs. - (128.16) crore (FY22), Rs. 561.12 crore / Rs. - (83.81) crore (FY23), and Rs. 890.32 crore / Rs. 14.08 crore (FY24). In Q1 of FY25, ending June 2024, the company recorded a loss of Rs. - (6.62) crore on a total income of Rs. 345.83 crore," said Bajaj Broking in an IPO note.
Mobikwik IPO Allotment Live Updates: Objectives of the issue
The company plans to use the net proceeds for expanding its financial services and payment services businesses, investing in data, AI, ML, and technology advancements, and supporting capital expenditure for its payment devices segment. A portion of the funds will also be allocated for general corporate purposes.
Mobikwik IPO Allotment Live Updates: Geojit on IPO
"The registered users have grown at a CAGR of 12.31%, from 123.56 mn in FY22, to 155.84 mn in FY24, and further reaching 161.03mn user base by June 30, 2024," added Geojit in an IPO note.
Mobikwik IPO Allotment Live Updates: Promoters
The promoters of the One Mobikwik Systems include Bipin Preet Singh, Upasana Rupkrishan Taku, Koshur Family Trust, and Narinder Singh Family Trust.
"Mobikwik's IPO, fresh issue of ₹572 crores, was oversubscribed by an impressive 125.69 times, reflecting strong investor optimism. This enthusiasm is further supported by the grey market premium, currently at 59%. The retail segment, which was allocated only 10% of the issue, saw an overwhelming subscription of 141.78 times, making the chances of allotment for individual investors extremely slim," said Gaurav Garg, Research Analyst at Lemonn in an IPO note.
Mobikwik IPO Allotment Live Updates: Bajaj broking on IPO
"Over the last three fiscal years, the company has averaged an EPS of Rs. - (7.50) (basic) and an average RoNW of - (25.12) %. The issue is priced at a P/BV of 10.06 based on its NAV of Rs. 27.74 as of June 30, 2024, and at a P/BV of 2.97 based on its post-IPO NAV of Rs. 94.05 (at the upper cap). Considering the FY25 annualized earnings against its post-IPO fully diluted paid-up equity capital, the asking price results in a negative P/E due to Q1 losses," added Bajaj Broking in an IPO note.
Mobikwik IPO Allotment Live Updates: Geojit on IPO
Mobikwik IPO Allotment Live Updates: Public Issue allotment Status Link
Investors can now check the Mobikwik IPO allotment status online through the BSE or Link Intime websites.
For quick access, visit the direct BSE link: bseindia.com/investors/appli_check.aspx or the Link Intime portal: linkintime.co.in/initial_offer/public-issues.html.
Simply log in with your details to view the allotment status.
Mobikwik IPO Allotment Live Updates: Allotment Status
The bidding for One Mobikwik Systems Limited's IPO has concluded, and the company has finalised the share allocation process. The Mobikwik IPO allotment status is now available to the public.
Mobikwik IPO Allotment Live Updates: GMP update
The company's shares were fetching a premium of more than 59% in the grey market. This indicates the listing price of around Rs 444 on the bourses. The grey market is an unofficial place to trade shares ahead of listing.
Mobikwik IPO Allotment Live Updates: About the company
Incorporated in March 2008, Mobikwik is a fintech company offering prepaid digital wallets and online payment services. The platform enables consumers to pay utility bills, make online and offline purchases, transfer money to phone numbers or bank accounts, check bank balances, and make payments via UPI or RuPay credit cards, including scanning QR codes at retail stores and fuel stations.
Mobikwik IPO Allotment Live Updates: Anchor investor details
The Mobikwik IPO offers a total of 2,05,01,793 shares, with 45% (92,25,807 shares) allocated to Anchor investors, 30% (61,50,538 shares) to Qualified Institutional Buyers (QIB), 15% (30,75,269 shares) to Non-Institutional Investors (NII), and 10% (20,50,179 shares) to Retail Individual Investors (RII). The NII allocation is further divided between Rs 10 lakh and above (20,50,179 shares) and below Rs 10 lakh (10,25,089 shares).
Mobikwik IPO Allotment Live Updates: IPO lot size and minimum investment to bid
The Mobikwik IPO allows investors to bid for a minimum of 53 shares, with additional bids in multiples of 53. Retail investors can apply for a minimum of 1 lot (53 shares) for Rs 14,787, and a maximum of 13 lots (689 shares) for Rs 1,92,231. Small HNIs (S-HNI) can bid for a minimum of 14 lots (742 shares) for Rs 2,07,018, with a maximum bid of 67 lots (3,551 shares) for Rs 9,90,729. Large HNIs (B-HNI) can apply for a minimum of 68 lots (3,604 shares) for Rs 10,05,516.
Mobikwik IPO Allotment Live Updates: Basic details of Mobikwik IPO
The Mobikwik IPO was open for subscription from December 11 to December 13, 2024, and is set to be listed on December 18, 2024, on both BSE and NSE. The face value of each share is Rs 2, with a price band ranging from Rs 265 to Rs 279 per share. The lot size is 53 shares, and the total issue size is 2,05,01,792 shares, aggregating up to Rs 572 crore. The IPO consists of a fresh issue of 2,05,01,792 shares, also aggregating up to Rs 572 crore. The IPO is a book-built issue, and the shareholding pre-issue was 5,71,84,521 shares, which will increase to 7,76,86,313 shares post-issue.
Mobikwik IPO Allotment Live Updates: Tentative Schedule
The Mobikwik IPO opened on Wednesday, December 11, 2024, and closed on Friday, December 13, 2024. The basis of allotment is set to be finalized today, December 16, 2024. Refunds will be initiated, and shares will be credited to Demat accounts on Tuesday, December 17, 2024. The shares are expected to be listed on the stock exchange on Wednesday, December 18, 2024. Investors are reminded that the cut-off time for UPI mandate confirmation was 5 PM on December 13, 2024.
The net proceeds from the MobiKwik IPO will be used to support growth in its financial services and payment services businesses, invest in data, machine learning (ML), artificial intelligence (AI), and technology, fund capital expenditures for payment devices, and cover general corporate purposes.
Mobikwik IPO Allotment Live Updates: Subscription update of the issue
Mobikwik IPO Allotment Live Updates: Bajaj Broking on IPO
"Over the last three fiscal years, the company has averaged an EPS of Rs. - (7.50) (basic) and an average RoNW of - (25.12) %. The issue is priced at a P/BV of 10.06 based on its NAV of Rs. 27.74 as of June 30, 2024, and at a P/BV of 2.97 based on its post-IPO NAV of Rs. 94.05 (at the upper cap). Considering the FY25 annualized earnings against its post-IPO fully diluted paid-up equity capital, the asking price results in a negative P/E due to Q1 losses," added Bajaj Brokig said in an IPO note.
Mobikwik IPO Allotment Live Updates: Mainboard and SME IPOs Gear Up for a Big Week of Listings
This week is buzzing with IPO activity, featuring multiple listings scheduled for December 18, 2024. Among the mainboard IPOs, MobiKwik, Vishal Mega Mart and Sai Life Sciences are set to debut on the exchanges.
On the SME front, Purple United Sales, Supreme Facility Management, and Sai Life Sciences will be listed on the NSE SME platform.
Mobikwik IPO Allotment Live Updates: Bajaj Broking on IPO
" Regarding financial performance, for the last three fiscal years, Mobikwik Systems Ltd. (OMSL) has reported the following consolidated figures: a total income/net profit/(loss) of Rs. 543.22 crore / Rs. - (128.16) crore (FY22), Rs. 561.12 crore / Rs. - (83.81) crore (FY23), and Rs. 890.32 crore / Rs. 14.08 crore (FY24). In Q1 of FY25, ending June 2024, the company recorded a loss of Rs. - (6.62) crore on a total income of Rs. 345.83 crore," Bajaj Brokig said in an IPO note.