A fintech company MobiKwik IPO get SEBI's go ahead on 11 October 2021. The company to raise ₹1900 crores via initial public offer that comprises fresh issue of 1500 crores and offer for sale up-to 400 crores at a face value of ₹2 per equity share. We will see the Mobikwik IPO to hit the market soon.
MobiKwik IPO filed DRHP with SEBI on 12 July 2021 and cleared by SEBI. The company plans to raise ₹1900 crore through the initial public offerings. 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 ₹95 crore and ₹69 crore, respectively. Check out MobiKwik IPO details.
Important Details:
- Well-known brand and one of the leading mobile wallets, mobile payments app in India.
- They have payment gateway - Zaakpay that offer end to end payment solutions for merchants using multiple payment options, including debit cards, credit cards, mobile wallets, UPI and net banking.
- MobiKwik Zip and Zip EMI provides buy now pay later option for the customers.
- Platform also enables peer-to-peer payments via unified payment interface ("UPI"), MobiKwik Wallet as well as MobiKwik Wallet to bank payments.
- They have over 10 crore registered users and over 34 lakh e-commerce, retails and biller partners.
- The company reported a loss of ₹111 crore in 2021 against ₹99 crore in 2020.
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MobiKwik IPO Date & Price Band
| IPO Open: | October 2021 |
| IPO Close: | October 2021 |
| 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 Quota: | 35% |
| QIB Quota: | 50% |
| HNI Quota: | 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Nykaa IPO Market Lot
The MobiKwik IPO minimum market lot is - shares with ₹- application amount. The retail investors can apply up-to - lots, - shares with ₹- application amount.
| Minimum Lot Size: | Minimum - Shares for 1 lot |
| Minimum Amount: | ₹- for 1 lot |
| Maximum Lot Size: | Maximum - Shares for - lot |
| Maximum Amount: | ₹- for - lot |
MobiKwik IPO Date, Time Table, Allotment & Listing
The MobiKwik IPO date is October 2021 and the IPO close date is October 2021. The allotment date is October 2021 and the IPO may list on November 2021.
| Price Band Announcement: | October 2021 |
| Anchor Investors Allotment: | October 2021 |
| IPO Open Date: | October 2021 |
| IPO Close Date: | October 2021 |
| Basis of Allotment: | October 2021 |
| Refunds: | October 2021 |
| Credit to Demat Account: | October 2021 |
| IPO Listing Date: | November 2021 |
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 |
|||
| 2019 | ₹160 | ₹302 | -₹147.97 | ||
| 2020 | ₹370 | ₹454 | -₹99.92 | ||
| 2021 |
₹302 | ₹404 | -₹111.30 | ||
Company Promoters
- Bipin Preet Singh
- Upasana Rupkrishan Taku
- Koshur Family Trust
- Narinder Singh Family Trust
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). Stay tuned for MobiKwik IPO news at IPOWatch.
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 MobiKwik 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 MobiKwik 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.
