One Mobikwik Systems IPO Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 17, 2022Let’s have a detailed review of the company and analytics of the One Mobikwik Systems IPO release date, IPO offer price, subscription, One Mobikwik Systems Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 2 |
| Price Band | Rs [●] |
| Listing At | BSE, NSE |
| Min. Order Quantity | NA |
| Listing Date | NA |
| Offer for Sale | Rs 4,000 Million |
| Fresh Issue | Rs 15,000 Million |
| IPO Size | Rs 19,000 Million |
| Tick Size | 1 |
One Mobikwik Systems IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – One Mobikwik Systems Share Price |
One Mobikwik Systems IPO – Summary
They are a fintech company – one of the largest mobile wallets (MobiKwik Wallet) and Buy Now Pay Later (“BNPL”) players in India, based on mobile wallet gross merchandise value (“GMV”) and BNPL GMV, respectively, in Fiscal 2021.
According to the RedSeer report, India’s online transacting users have rapidly grown at a CAGR of approximately 15% from 180 million in Fiscal 2018 to over 250 million in Fiscal 2021.
The Promoter of this company is BIPIN PREET SINGH, UPASANA RUPKRISHAN TAKU, KOSHUR FAMILY TRUST, AND NARINDER SINGH FAMILY TRUST.
The lead manager to the issue is ICICI Securities Limited, BNP Paribas, Credit Suisse Securities (India) Private Limited, IIFL Securities Limited, and Jefferies India Private Limited, and the Registrar to this issue is Link Intime India Private Limited.
One Mobikwik Systems IPO Date
The opening and the closing date of One Mobikwik Systems IPO are not available yet.
One Mobikwik Systems IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
Check One Mobikwik Systems IPO LIVE Subscription
- One Mobikwik Systems IPO LIVE Bid details on BSE
- One Mobikwik Systems IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
One Mobikwik Systems IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
One Mobikwik Systems Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | – |
| Refunds Initiation | – |
| Credit of Shares to Demat Account | – |
| Share Listing Date | – |
One Mobikwik Systems IPO Price Band / Cash Price
The face value of each share is Rs.2, but the price band of the IPO is Rs.[●]
One Mobikwik Systems IPO Equity Size
This Initial Public Issue of X Equity Shares of Rs.2 each for cash at a price of Rs.[●] per equity share aggregating to Rs.19,000 Million.
One Mobikwik Systems IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.2/ each.
Issue Size: X Equity Shares of Rs.2 each, aggregating to Rs.19,000 Million
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One Mobikwik Systems IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – One Mobikwik Systems Share Price |
One Mobikwik Systems IPO Grey Market Premium
The One Mobikwik Systems Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
One Mobikwik Systems IPO – Company Overview
They are a technology-first company operating in payments and financial services. They leverage big data analytics and deep data science (including machine learning) to continuously delight users and merchants on their platform.
MobiKwik commenced operations in 2009 with the MobiKwik Wallet so that users could load money into a mobile wallet and use it to pay their utility bills in a single click.
Their platform also enables peer-to-peer payments via a unified payment interface (“UPI”), MobiKwik Wallet as well as MobiKwik Wallet to bank payments.
As of March 31, 2021, their Company had over 101.37 million Registered Users and more than 3.44 million e-commerce, physical retail, and biller partners.
One Mobikwik Systems IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Million) | |||
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Total Assets | 4,231.39 | 3,379.36 | 3,350.84 |
| *Total Revenue | 3,022.56 | 3,698.54 | 1,602.32 |
| Total Expense | 4,040.70 | 4,544.91 | 3,020.98 |
| Profit After Tax | (1,113.00) | (999.20) | (1,479.73) |
Earnings per Equity Share (in Million)
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Basic & Diluted | (22.18) | (20.45) | (31.01) |
Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. (1,113.00) Million, Rs. (999.20) Million, and Rs. (1,479.73) Million respectively.
One Mobikwik Systems IPO – Promoters
The Promoter of this company is:
- BIPIN PREET SINGH
- UPASANA RUPKRISHAN TAKU
- KOSHUR FAMILY TRUST
- NARINDER SINGH FAMILY TRUST
List of Related Parties (Key Managerial Personnel)
- Bipin Preet Singh, Managing Director, and Chief Executive Officer
- Upasana Rupkrishan Taku, Whole-time Director, Chairperson, and Chief Operating Officer
- Chandan Joshi, Whole-time Director
- Punita Kumar Sinha, Independent Director
- Sayali Karanjkar, Independent Director
- Navdeep Singh Suri, Independent Director
- Raghu Ram Hiremagalur Venkatesh, Independent Director
One Mobikwik Systems IPO – Promoters Holding
- Pre Issue Share Holding – %
- Pos Issue Share Holding – %
One Mobikwik Systems IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to X Equity Shares aggregating up to Rs.19,000 Million |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 30,765,900 Equity Shares |
| Equity Shares outstanding after the Issue | 55,586,860 Equity Shares |
One Mobikwik Systems IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1.Making the MobiKwik Wallet ubiquitous in India by acquiring and retaining users and merchants
2. Strengthening their platform by investing in data, product, and technology;
3. Increase the usage of BNPL in India leveraging machine learning and lending partners, and
4. deliver delightful user and merchant experiences
One Mobikwik Systems IPO – Business Strategy
- Invest in data science, product, and technology
- Increase usage of BNPL in India
- Increase digital payments in India
- Continuous focus on profitable growth
One Mobikwik Systems IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Strong network effects resulting in growth across business verticals
- Large engaged user base with low CAC
- MobiKwik is a strong consumer brand recognized across India
- Technology and product-first approach to business
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | (22.18) | 556.15 | (3.88) |
| 31-Mar-20 | (20.45) | 323.87 | – |
| Mar-19 | (31.01) | 9,409.41 | – |
One Mobikwik Systems IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Crores) | |
| One Mobikwik Systems Limited | 2 | [●] | |||
| Listed Peers | |||||
| – |
One Mobikwik Systems IPO Lead Managers
| Lead Managers |
|
ICICI Securities Limited, BNP Paribas Credit Suisse Securities (India) Private Limited IIFL Securities Limited Jefferies India Private Limited |
One Mobikwik Systems IPO Registrar to offer
| Registrar to the Offer |
| Link Intime India Private Limited C 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 Gopalkrishnan Website: www.linkintime.co.in SEBI Registration: INR000004058 |
One Mobikwik Systems IPO – Other Details
- Statutory Auditor – B S R & Associates LLP, Chartered Accountants
- Legal Counsel to the Company – NA
- Bankers to the Company – NA
One Mobikwik Systems IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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One Mobikwik Systems Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
One Mobikwik Systems IPO Review FAQs
Ques – What is the Issue Size of One Mobikwik Systems IPO?
Answer – The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
Ques – What is the Price band of One Mobikwik Systems IPO?
Answer – The price band for this particular IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.2 per share.
Ques – What is the One Mobikwik IPO Open Date?
Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
Ques – What is the One Mobikwik IPO Allotment Date?
Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
Ques – What is the One Mobikwik Systems IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Ques – Who is the Registrar of One Mobikwik IPO?
Answer – One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of One Mobikwik IPO?
Answer – Here are the promoters of this IPO – BIPIN PREET SINGH, UPASANA RUPKRISHAN TAKU, KOSHUR FAMILY TRUST, AND NARINDER SINGH FAMILY TRUST. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is the GMP of One Mobikwik IPO?
Answer – They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is One Mobikwik Systems IPO good for Investment?
Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of One Mobikwik Systems Company?
Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Million is (1,113.00), 2020 is (999.20), 2019 is (1,479.73).
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