Important dates with respect to IPO allotment and listing
IPO Open Date
To be announced
MobiKwik is one of the leading Buy Now Pay Later (BNPL) and mobile wallet providers. It has earned its popularity among the masses by easing regular mobile payments and extending the benefits of BNPL. In addition, the digital payment company aims to address the credit requirements of the rapidly increasing online consumers.
Services like peer-to-peer payments through UPI, MobiKwik Wallet and MobiKwik Wallet to bank payments are available on this platform. In addition, MobiKwik has launched Zaakpay, its subsidiary payment gateway and MobiKwik Zip, a flagship BNPL solution to ease the process of accepting and paying money digitally.
MobiKwik IPO Objectives
- To prepay/repay the company's outstanding borrowings, either full or partially.
- Meeting organic or inorganic growth initiatives.
- To address corporate objectives.
MobiKwik IPO - Details
Per the DRHP filed with SEBI, the issue size of MobiKwik IPO will be Rs. 1900 crore comprising fresh share issue of up to Rs. 1500 crore. Moreover, the IPO will have an offer for sale worth Rs. 400 crore by promoters and certain shareholders. The company is targeting a valuation of approximately $1 billion with this upcoming IPO. Qualified institutional buyers will be allotted 75% of the IPO shares, whereas non-institutional and retail investors will be allotted 15% and 10% of the shares, respectively.
Why should you invest in MobiKwik IPO?
Moreover, this digital payment company has been proactively expanding its service offerings to boost its customer base and leverage newer market trends. Since the growth of virtual platforms, especially, mobile wallets are expected to surge in the upcoming years investing in MobiKwik IPO could prove useful in the long run.
|Financial year||Total Revenue||Total Revenue||Profit after tax|
|2018-19||160.23 Cr.||335.08 Cr.||147.97 Cr.|
|2019-20||3,69.85 Cr.||337.94 Cr.||99.92 Cr.|
|2020-21||302.26 Cr.||423.14 Cr.||111.30 Cr.|
Know before investing
MobiKwik extends innovative products to its customer base. For example, MobiKwik offers instant small-ticket loans, EMI payment options, and insurance policy covers besides regular online bill payment and recharge.
Increase in inflationary levels, and a slow down in economic growth can increase volatility in the financial market. In turn, it could stagnate the company’s growth.
Intense competition in fintech space exposes MobiKwik to the constant fear of losing market shares to its peers. With newer offerings and better customer experience, MobiKwik’s competitors could eat into the company’s existing customer base.
Change in domestic laws regarding taxation or legal compliance could impact MobiKwik’s plans negatively.
Lack of regulations against online fraud increases the threats of security breaches and cyberattacks. This poses a potential threat to the company's reputation.
Irregularities in compliance with RBI, system failure and inability to cross-sell insurtech could emerge as big challenges.
This could hamper its ability to access growth capital and keep its cash flow stream continuous.
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MobiKwik IPO will open sometime in September 2021.