₹ 14787
₹265- ₹279
53
₹440
58
13 Dec 2024
Download17 Dec 2024
18 Dec 2024
Application Details
The Mobikwik IPO is set to open for subscription from December 11, 2024, to December 13, 2024. The IPO has a face value of ₹2 per share and a price band of ₹265 to ₹279 per share. Investors can bid in lots of 53 shares, with a minimum investment of ₹14,787 for one lot and a maximum investment of ₹1,92,231 for 13 lots (689 shares). The total issue size comprises 20,501,792 shares, aggregating up to ₹572 crore, entirely offered as a Fresh Issue.
The issue is a Book Built IPO, and the shares will be listed on both BSE and NSE. The pre-issue shareholding stands at 57,184,521 shares, which will increase to 77,686,313 shares post-issue. The IPO allocation includes not more than 75% of the net offer reserved for Qualified Institutional Buyers (QIBs), not less than 15% for Non-Institutional Investors (NIIs or HNIs), and not less than 10% for retail investors.
Important dates for the Mobikwik IPO include the basis of allotment announcement on December 16, 2024, initiation of refunds and credit of shares to demat accounts on December 17, 2024, and the listing date on December 18, 2024.
About One Mobikwik Systems Limited
Company Overview
Incorporated in March 2008, MobiKwik is a leading fintech company offering prepaid digital wallets and online payment services. It enables users to make seamless financial transactions, including paying utility bills, transferring money, checking bank balances, and making online and offline purchases. The company’s platform integrates advanced digital public infrastructure, such as Aadhaar, E-NACH, DigiLocker, and NSDL, to deliver a digital-first experience.
Key Services for Consumers
- Payment Solutions:
- Utility Payments: Pay bills for mobile recharges, electricity, credit cards, and FASTags.
- Shopping: Make payments at online e-commerce stores and offline merchants, including retail stores and fuel stations.
- Money Transfers: Send money to phone numbers, UPI IDs, or bank accounts.
- QR Payments: Scan QR codes to make payments using UPI or RuPay credit cards.
- Pocket UPI: Make UPI payments through the MobiKwik wallet without linking a bank account.
- Digital Credit Products:
- MobiKwik ZIP: A flagship “buy now, pay later” product with a 30-day interest-free credit line.
- ZIP EMI: Offers personal loans repayable in instalments.
- Credit Cards: Co-branded credit cards backed by fixed deposits.
- Investment Products:
- Lens: A personal financial management tool providing insights on bank accounts and other financial data using AI-powered chatbots.
- Xtra: A peer-to-peer lending product offered in collaboration with NBFC partners.
- Fixed Deposits: Available through RBI-registered NBFCs and banks.
- Mutual Funds and Digital Gold: Distribution of these investment options for consumers.
FAQ
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.