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MobiKwik IPO
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.
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Listing at NSE, BSE
MobiKwik IPO Important Dates
| IPO Open Date | September 2021 |
|---|---|
| IPO Close Date | September 2021 |
| Basis Of Allotment Date | September 2021 |
| Initiation Of Refunds | September 2021 |
| Credit Of Shares To Demat ACcount |
September 2021 |
| IPO Listing Date | September 2021 |
| UPI Mandate Expiry Date | September 2021 |
Note: MobiKwik IPO is expected to be launched in September 2021. Since the actual dates are yet to be announced, the table represents the tentative timeline for this upcoming IPO.
How to apply for MobiKwik IPO?
You can apply for the MobiKwik IPO in these ways:
UPI
Link your bank account to a reliable UPI ID and register it with your Angel One account. Proceed to book MobiKwik IPO shares using the ID, confirm the payment on the UPI app, and block the amount for allotment.
Demat Account
1. If you are already a client of Angel One, apply directly for MobiKwik IPO, click here.
2. If you’re a new investor Open DEMAT Account for free with Angel One to begin your investment journey.
MobiKwik IPO - Noteworthy Highlights
The significant highlights of MobiKwik include –
-The digital payment company has more than 107 million registered users.
-It has a network of nearly 3.44 million online and offline billing merchant partners.
-Besides digital payment, the company is adept at cross-selling small sachets of insurance policies and loans.
-MobiKwik also offers American Express-powered credit cards.
-According to The Economics Times, MobiKwik records over a million transactions each day across its services.
MobiKwik IPO - SWOT Analysis
MobiKwik: A competitive analysis
Over the years, the company has entered into multiple strategic partnerships with IDFC Bank, DT One, Home Credit, MakeMyTrip, JustEat and PVR. This has helped MobiKwik strengthen its market presence significantly.
Since the trends of mobile wallets do not manifest any signs of a slowdown in future, MobiKwik is likely to perform well in the coming years. However, the same catalysts also favour MobiKwik’s competitors such as Paytm, FreeCharge, PhonePe, JusPay and FastCharge.
