MobiKwik IPO to hit the market soon. The company to raise ₹1900 crores via initial public offer with a face value of ₹2 per equity share. A peer group PayTM already filed DRHP earlier and now MobiKwik is coming up with an IPO.
MobiKwik IPO filed DRHP with SEBI on 12 July 2021. The company plans to raise ₹1900 crore through the initial public offerings. The offer comprises fresh issue of 1500 crores and offer for sale up-to 400 crores. They are one of the leading mobile wallets and one of the largest Buy Now Pay Later (BNPL) player in India. The company was founded by Bipin Preet Singh and Upasana Taku in 2009. The investors in the company are Sequoia Capital India, Bajaj Finance NSE 0.08 %, American Express, Cisco and Abu Dhabi Investment Authority among its investors. The founders owns 34.5% stake in the company while Sequoia Capital India and Bajaj Finance are looking to sell shares worth around Rs 95 crore and Rs 69 crore, respectively. Check out MobiKwik IPO details.
MobiKwik IPO Review
- Adding Soon
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MobiKwik IPO Date & Price Band
| IPO Open: | To be updated soon |
| IPO Close: | To be updated soon |
| IPO Size: | Approx ₹1900 Crores |
| Fresh Issue: | Approx ₹1500 Crores |
| Offer for Sale: | Approx ₹400 Crores |
| Face Value: | ₹2 Per Equity Share |
| Price Band: | ₹ to ₹ Per Share |
| Listing on: | BSE & NSE |
| Retail Portion: | 35% |
| Equity: | _ Shares |
MobiKwik IPO Market Lot
The MobiKwik IPO minimum market lot is - shares with ₹- application amount. The retail investors can apply up-to - lots with - shares or ₹- amount.
| Minimum Lot Size: | Minimum - Shares |
| Minimum Amount: | ₹- |
| Maximum Lot Size: | Maximum - Shares |
| Maximum Amount: | ₹- |
MobiKwik IPO Allotment & Listing
The MobiKwik IPO date is To be updated soon and the close date is To be updated soon. The allotment date is To be updated soon and the IPO to list on To be updated soon.
| Basis of Allotment: | To be updated soon |
| Refunds: | To be updated soon |
| Credit to Demat Account: | To be updated soon |
| Listing Date: | To be updated soon |
MobiKwik IPO Form
How to apply the MobiKwik IPO? You can apply MobiKwik IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the MobiKwik IPO in the Invest section. The other option you can apply MobiKwik IPO via IPO forms download via NSE and BSE. Check out the MobiKwik forms - click NSE Forms & BSE Forms blank IPO forms download, fill and submit in your bank or with your broker.MobiKwik Company Financial Report
| ₹ in Crores | |||||
| Revenue | Expenses | PAT |
|||
| 2018 | ₹- | ₹- | ₹- | ||
| 2019 | ₹- | ₹- | ₹- | ||
| 2020 | ₹- | ₹- | ₹- | ||
| 2021 |
₹- | ₹- | ₹- | ||
Company Promoters
- Bipin Preet Singh
- Upasana Rupkrishan Taku
- Koshur Family Trust
- Narinder Singh Family Trust
About MobiKwik
We are a fintech company - one of the largest mobile wallets and one of the largest Buy Now Pay Later (BNPL) players in India. Digitally paying users have been rapidly growing in India in the last decade, but the credit card penetration in the country is still only 3.5%. We are focused on addressing the unmet credit needs of the fast growing digitally paying users by combining the convenience of everyday mobile payments with the benefits of BNPL.
Founded in 2009 by Bipin Preet Singh and Upasana Taku, we commenced operations as a mobile wallet to make digital payments convenient for our users. Our use cases have since expanded to include bill payments, ecommerce shopping, food delivery, petrol pumps, large retail chains, pharmacies, kirana stores, etc. Our platform also enables peer-to-peer payments via unified payment interface (“UPI”), MobiKwik Wallet as well as MobiKwik Wallet to bank payments. Over the years we have amassed over 101 million Registered Users and more than 3 million ecommerce, physical retail and biller partners.
In order to further enhance our value proposition to our online merchants, we introduced our payment gateway subsidiary Zaakpay in 2012. Zaakpay enables online websites and mobile apps to collect payments from their users using multiple payment options, including debit cards, credit cards, mobile wallets, UPI and net banking.
In May 2019, we launched MobiKwik Zip, our flagship BNPL product, with a focus on the Indian middle-class population to enable them to make payments for daily life use cases. MobiKwik Zip is focused on providing this unserved Indian population their first experience of credit.
We are a technology-first company leveraging big data analytics and deep data science (including machine learning) to continuously delight users and merchants on our platform. Our mission is to build a world class payments and credit product for Bharat!
Founded in 2009 by Bipin Preet Singh and Upasana Taku, we commenced operations as a mobile wallet to make digital payments convenient for our users. Our use cases have since expanded to include bill payments, ecommerce shopping, food delivery, petrol pumps, large retail chains, pharmacies, kirana stores, etc. Our platform also enables peer-to-peer payments via unified payment interface (“UPI”), MobiKwik Wallet as well as MobiKwik Wallet to bank payments. Over the years we have amassed over 101 million Registered Users and more than 3 million ecommerce, physical retail and biller partners.
In order to further enhance our value proposition to our online merchants, we introduced our payment gateway subsidiary Zaakpay in 2012. Zaakpay enables online websites and mobile apps to collect payments from their users using multiple payment options, including debit cards, credit cards, mobile wallets, UPI and net banking.
In May 2019, we launched MobiKwik Zip, our flagship BNPL product, with a focus on the Indian middle-class population to enable them to make payments for daily life use cases. MobiKwik Zip is focused on providing this unserved Indian population their first experience of credit.
We are a technology-first company leveraging big data analytics and deep data science (including machine learning) to continuously delight users and merchants on our platform. Our mission is to build a world class payments and credit product for Bharat!
Quick Links
DRHP Draft Prospectus
RHP Draft Prospectus
MobiKwik IPO Registrar
Link Intime India Private LimitedC 101, 247 Park, L.B.S. Marg,
Vikhroli (West), Mumbai 400 083
Maharashtra, India
Tel: +91 22 4918 6200
E-mail: mobikwik.ipo@linkintime.co.in
Investor grievance e-mail: mobikwik.ipo@linkintime.co.in
Contact person: Shanti Gopal Krishnan
Website: www.linkintime.co.in
SEBI Registration:INR000004058
Note: Check MobiKwik IPO allotment status on Linkintime website allotment URL. Click Here
MobiKwik IPO Lead Managers
- ICICI Securities Limited
- BNP Paribas
- Credit Suisse Securities (India)Private Limited
- IIFL Securities Limited
- Jefferies India Private Limited
Company Address
ONE MOBIKWIKSYSTEMS PRIVATE LIMITED5th Floor, HUDA City Centre,
Metro Station, Sector 29, Gurugram,
Gurgaon, Haryana, 122 001
Contact Person: Rahul Luthra
Company Secretary and Compliance Officer
Tel.: +91 (124) 640 9190
E-mail: cs@mobikwik.com
Website: www.mobikwik.com
Corporate Identity Number: U64201HR2008PLC053766
Note: The MobiKwik IPO details will be added as it officially announced. The IPO grey market premium (MobiKwik IPO Premium) will be added soon. You can check our IPO grey market page for daily updates.)
MobiKwik IPO FAQs
What is MobiKwik IPO?
MobiKwik IPO is a main-board IPO. They are going to raise ₹1900 Crores via IPO. The issue is priced at ₹ to ₹ per equity share. The IPO to be listed on BSE & NSE.
When MobiKwik IPO will open?
The IPO is to open on To be updated soon for QIB, NII, and Retail Investors.
What is MobiKwik IPO Investors Portion?
The investors' portion for QIB 50%, NII 15%, and Retail 35%.
How to Apply the MobiKwik IPO?
You can apply MobiKwik IPO via ASBA online via your bank account. You can also apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply the India Pesticides IPO through Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name "MobiKwik". Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.
How to Apply the India Pesticides IPO through Upstox?
Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name "MobiKwik". Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.
What is MobiKwik IPO Size?
MobiKwik IPO size is ₹1900 crores.
What is MobiKwik IPO Price Band?
MobiKwik IPO Price Band is ₹- to ₹-.
What is MobiKwik IPO Minimum and Maximum Lot Size?
The minimum bid is - Shares with ₹- amount while maximum bid is - shares with ₹-.
What is MobiKwik IPO Allotment Date?
MobiKwik IPO allotment date is To be updated soon.
What is MobiKwik IPO Listing Date?
MobiKwik IPO listing date is To be updated soon. The IPO to list on BSE and NSE.
