MobiKwik IPO
MobiKwik IPO — date, price band, lot size & details 2024
MobiKwik listed on 18 Dec 2024 at ₹440, 57.7% above the ₹279 issue price.
One Mobikwik Systems runs MobiKwik, a two-sided payments network for consumers and merchants offering wallet, UPI and card payments and the ZIP credit product. Its total income was Rs 890.32 crore in FY2024.
Stock price
MobiKwik is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 14 November.
- Open 11 Dec 2024
- Close 13 Dec 2024
- Allotment 16 Dec 2024
- Refund/credit 17 Dec 2024
- Listing 18 Dec 2024
Issue summary
The terms of the offer, as filed.
| IPO Dates | 11 to 13 Dec, 2024 |
|---|---|
| Price Band | ₹265 – ₹279 |
| Face Value | ₹2 |
| Lot Size | 53 Shares |
| Issue Size | ₹572 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,787 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 53 shares at the ₹279 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 53 | ₹14,787 |
| Retail (max) | 13 | 689 | ₹1,92,231 |
| S-HNI (min) | 14 | 742 | ₹2,07,018 |
| S-HNI (max) | 67 | 3,551 | ₹9,90,729 |
| B-HNI (min) | 68 | 3,604 | ₹10,05,516 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 543.22 crore in FY2022 to Rs 890.32 crore in FY2024.
- 02It turned a profit of Rs 14.08 crore in FY2024, after a loss of Rs 83.81 crore in FY2023.
- 03The whole Rs 572 crore issue was fresh capital for growth.
- 04Its two-sided network serves both consumers and merchants across 4 payment methods.
- 05The pre-issue P/E was 113.32 at the upper band of Rs 279, based on FY2024 EPS of Rs 2.46.
Risks · 5
- 01The company made a loss of Rs 6.62 crore in the three months to 30 June 2024.
- 02It made losses of Rs 128.16 crore in FY2022 and Rs 83.81 crore in FY2023.
- 03Digital payments are highly competitive and RBI rules on lending and wallets can change, and the source puts debt to equity at 0.73.
- 04Total borrowing was Rs 206.34 crore on 30 June 2024, and net worth was only Rs 158.65 crore.
- 05Promoters held only 34.21% before the issue and 25.18% after it, on paid-up capital.
Three years of numbers
All figures in ₹ crore, as reported in the MobiKwik offer document.
| Metric | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 908.10 | 854.65 | 714.33 | 836.13 |
| Total Income | 345.83 | 890.32 | 561.12 | 543.22 |
| Profit After Tax | -6.62 | 14.08 | -83.81 | -128.16 |
| NET Worth | 158.65 | 162.59 | 142.69 | 216.54 |
| Reserves and Surplus | 147.21 | 151.15 | 131.26 | 205.10 |
| Total Borrowing | 206.34 | 211.70 | 192.27 | 150.91 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the MobiKwik RHP.
Where the money goes
₹530.53 Cr of the issue is earmarked to named objects.
MobiKwik IPO Anchor Investors
21 anchor investors across 14 fund houses committed ₹257.38 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
In payment services, consumers pay using the MobiKwik Wallet, UPI, cards and MobiKwik ZIP. It also offers financial services such as credit and investment products through partners.
Its promoters are Bipin Preet Singh, Upasana Rupkrishan Taku and two family trusts.
The IPO was Rs 572 crore and was entirely fresh issue. Fresh money was planned for growing its financial services and payment services businesses, R&D in data, AI and technology, and payment devices.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
MobiKwik IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
SBI Capital Markets Ltd.
141 issues handledBest listing: Bajaj Housing Finance (+114.3%). Weakest: ICICI Securities (-16.3%).
Dam Capital Advisors Ltd
70 issues handledBest listing: Go Colors (+89.9%). Weakest: Metro Brands (-12.6%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of MobiKwik?
The current Grey Market Premium is ₹159, or 57% over the issue price.
What is the MobiKwik IPO price band?
₹265 to ₹279, on a face value of ₹2.
When is the allotment?
The basis of allotment is 16 December 2024, with listing on 18 December 2024.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
