One Mobikwik Systems Ltd

One Mobikwik Systems Ltd IPO

One Mobikwik Systems Ltd IPO Price Range is ₹265 - 279, with a minimum investment of ₹14,787 for 53 shares.

₹14,787

/ 53 shares

Minimum Investment

View One Mobikwik Systems Ltd IPO details including price range, minimum investment, lot size, financials, and IPO timeline. Get subscription updates, peer comparison, and key insights to help you make an informed decision.

IPO Status

Closed

Price Band

₹265 - 279

Open Date

2024-12-11

Close Date

2024-12-13

IPO Size

₹572.00 Cr

Lot Size

53 shares

Min Investment

₹14,787

Listing Exchange

NSE

One Mobikwik Systems Ltd IPO Application Timeline

passed
Open Date11 Dec 2024
passed
Close Date13 Dec 2024
passed
Allotment Date16 Dec 2024
passed
Listing Date18 Dec 2024

IPO Subscription Status

IPO subscribed over

🚀 119.38x

This IPO has been subscribed by 134.675x in the retail category and 119.504x in the QIB category.

Subscription Rate

Total Subscription119.38x
Retail Individual Investors134.675x
Qualified Institutional Buyers119.504x
Non Institutional Investors108.95x
NameOne Mobikwik Systems Ltdx

Strengths and Risks

Strengths

Strengths

  • Our Companys legacy of providing positive and sustainable consumer experience.

  • Large, engaged consumer base acquired with low CAC.

  • Efficient operational management of loan products distributed by us.

  • The trust in our brand.

  • Technology and product first approach to business.


Risks

Risks

  • The company operations are subject to regulation, oversight and inspection by the RBI, and any adverse observations, proceedings or notices from the RBI may affect its operations.

  • The company funding requirements and proposed deployment of the Net Proceeds are based primarily on management estimates and assumptions and have not been appraised by any bank or financial institution or any other independent agency. The utilisation of the Net Proceeds may be subject to change based on various factors, some of which are beyond its control and such utilisation may not generate expected future revenues or profits after utilisation. Further, any change or variation in the utilisation of Net Proceeds from the terms and conditions stated in this Red Herring Prospectus shall be subject to compliance requirements, including among other things, prior Shareholders approval.

  • Security breaches and attacks against its platform, and any potential breach of or failures to otherwise protect personal, confidential and proprietary information, could damage the company reputation and materially and adversely affect its business, financial condition and results of operations.

  • Its may not be able to maintain the levels of growth, including in its Financial Services business, and the company historical performance may not be indicative of its future growth or financial results, which could adversely affect the companys business, results of operations and financial condition.

  • If the company is unable to retain or expand its network of consumers, merchants, or Lending Partners, or in the event of low growth or decline in the number of its registered users and declining revenues in the company digital payments and financial services businesses, its business, results of operations, financial condition, and future prospects would be materially and adversely affected.

  • The company faces substantial and increasingly intense competition in the fintech industry. If its unable to compete effectively, the companys business, financial condition, results of operations and prospects would be materially and adversely affected.

  • Its distribution of Financial Services Products depend on the company relationships with Lending Partners, and any failures to maintain such partnerships could adversely affect its business, results of operations and financial condition.

  • Its credit underwriting and risk management systems may not be able to effectively assess or mitigate the risks of Financial Services business enabled through our platform, and as a result, its Lending Partners may be unable to effectively recover the amounts disbursed by them to the companys customers, which could adversely affect its business, results of operations and financial condition.

  • Its Statutory Auditors had, included a qualification in relation to certain allotments of preference shares in their audit report on its financial statements as of and for the year ended March 31, 2021. Further, the company Statutory Auditors have, in their audit report on its consolidated financial statements, as of and for the years ended March 31, 2023 and March 31, 2024, included a modification in connection with back-ups of books of accounts of the Company. There can be no assurance that similar qualifications or modifications will not form part of the audit reports on its financial statements for future fiscal periods.

  • The company has in the past, incurred losses amounting to (1,281.62) million and (838.14) million in Fiscals 2022 and 2023, respectively. Further, while the company achieved profit of 140.79 million in Fiscal 2024 its further incurred losses of (66.15) million in the three months ended June 30, 2024. Further, the company has negative balance of retained earnings as of March 31, 2022, March 31, 2023, March 31, 2024 and the three months ended June 30, 2024. Accordingly, its may not always achieve or sustain its profitability trends in the future.

How to Apply for One Mobikwik Systems Ltd IPO on INDmoney

1

Download the INDmoney app and complete your KYC to open an account.

2

Go to the INDstocks section and tap on IPO, or search for ‘IPO’.

3

Select One Mobikwik Systems Ltd IPO from the list of live IPOs.

4

View key details like price band, lot size, and dates, then tap ‘Apply Now’.

5

Choose the number of lots and place your order via UPI.

6

Your funds will be blocked until the share allotment is finalized.

About One Mobikwik Systems Ltd

We are a platform business with a two-sided payments network, consisting of consumers and merchants. Our key businesses:Payment services: Using MobiKwik Wallet, UPI, cards and MobiKwik ZIP, consumers make payments of utility bills, to merchants and money transfers. Merchants can collect payments from consumers using aforesaid modes online or through QR codes, Soundbox and EDC devices.Financial services: Through MobiKwik ZIP (pay-later), ZIP EMI (personal loans) and Merchant Cash Advance (merchant loans), we distribute credit from our lending partners to consumers and merchants.

Frequently Asked Questions of One Mobikwik Systems Ltd IPO

What is the size of the One Mobikwik Systems Ltd IPO?

The size of the One Mobikwik Systems Ltd IPO is ₹572 Cr.

What is the allotment date of the One Mobikwik Systems Ltd IPO?

One Mobikwik Systems Ltd IPO allotment date is Dec 16, 2024 (tentative).

What are the open and close dates of the One Mobikwik Systems Ltd IPO?

The One Mobikwik Systems Ltd IPO will open on Dec 11, 2024 and close on Dec 13, 2024

What is the lot size of One Mobikwik Systems Ltd IPO?

The lot size for the One Mobikwik Systems Ltd IPO is 53.

When will my One Mobikwik Systems Ltd IPO order be placed?

Your One Mobikwik Systems Ltd IPO order will be placed on Dec 11, 2024

Can we invest in One Mobikwik Systems Ltd IPO?

Yes, once One Mobikwik Systems Ltd IPO opens, you can invest in the shares of the company.

What would be the listing gains on the One Mobikwik Systems Ltd IPO?

The potential listing gains on the One Mobikwik Systems Ltd IPO will depend on various market factors and cannot be predicted with certainty.

What is 'pre-apply' for One Mobikwik Systems Ltd IPO?

'Pre-apply' for One Mobikwik Systems Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.