-- / --
IPO Details
Issue Date
--
Investment/lot
--
Price Range
--
Lot Size
--
IPO Size
N/A
IPO Timeline
Issue Highlights
Initial public offering of up to [] equity shares of face value of Rs. 2 each (Equity Shares) of One Mobikwik Systems Limited (The Company or the Issuer) for cash at a price of Rs. [] per equity share, including a share premium of Rs. [] per equity share (the Issue Price) aggregating up to Rs. [] crores (the Issue). The issue comprises of a fresh issue of up to [] equity shares by the company aggregating up to Rs. 700.00 crores (the Fresh Issue or the Issue). The issue shall constitute [*]% of the post-issue paid-up equity share capital of the company. The company in consultation with the book running lead managers, may consider a further issue of specified securities (as defined hereinafter), including through private placement, preferential allotment, rights issue or any other method as may be permitted under applicable law to any person(s) of such equity shares for an amount aggregating up to Rs. 140.00 crores, at its discretion, with the roc (pre-ipo placement). If the pre-ipo placement is undertaken, the fresh issue size will be reduced to the extent of such pre-ipo placement, subject to the issue complying with rule 19(2)(b) of the scrr. The price band and the minimum bid lot size will be decided by the company.
Company Background
One Mobikwik Systems is a platform business at its core, with a two-sided payments network, consisting of consumers and merchants.
Company operations are divided into two distinct businesses: payments and financial services. Its payments business strategy is to acquire a large set of consumers and create a large merchant acceptance network so that they can pay conveniently via the MobiKwik app. On the consumer side, the MobiKwik app provides its users with a simple, fast, safe and reliable way to pay via UPI, wallet, cards and buy-now-pay-later for multiple use
The company aims to leverage technology as the primary factor to facilitate financial inclusion for the underserved population in India.
Competitive Strengths
Large, engaged consumer base acquired with low CAC
Trust in the brand
Technology and product-first approach to business
Risk Factors
-
The company’s funding requirements and the proposed deployment of net proceeds have not been appraised by any bank or financial institution or any other independent agency.
-
The company may not be able to maintain the levels of growth, including in its Financial Services business.
-
The business is largely dependent on attracting new consumers, merchants, or other providers of financial services to grow the business.
Key Strategies
-
Scaling existing products.
-
Expanding product portfolio in existing business lines.
-
Expansion of the company’s payment aggregator business.
One Mobikwik Systems Ltd Key Financials
Here are the key financials for One Mobikwik Systems Ltd:
Particulars (in Rs. million)
Particulars (in Rs. million)
How To Apply for One Mobikwik Systems Ltd IPO?
Here are the steps to apply for One Mobikwik Systems Ltd IPO:
Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.
Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.
Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.
Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
One Mobikwik Systems Ltd IPO FAQs
Who is the Registrar for One Mobikwik Systems Limited IPO?
Link Intime India Private Limited is the registrar for this IPO.
Where can I read more about One Mobikwik Systems Limited’s business?
You may read more about One Mobikwik Systems Limited and its IPO from the company’s draft red herring prospectus (DRHP) here
