Vishal Mega Mart IPO opens on 11 Dec. Should you subscribe? Know more here.                               The Grey Market Premium of Vishal Megamart IPO is Rs. 13-14. Kostak Price is Rs. 800 and Subject to Sauda is Rs. 1600 Know more.                               Mobikwik IPO opens on 11 Dec. Should you subscribe? Know more here.                               The Grey Market Premium of Mobikwik IPO is Rs. 64-65. Know more.                              

Mobikwik IPO - Grey Market, GMP & Reviews

IPO Details

Issue Date 11 Dec 2024 - 13 Dec 2024
Issue Size ₹572 Cr
Issue Price ₹265-279
Market Lot 53 Shares
Shares on Offer 20,501,792
Registrar Link Intime
GMP ₹64-65
Kostak N/A
Subject to Sauda N/A
Listing Date 18 Dec 2024
Listing Price N/A
Listing Gain% N/A

About One Mobikwik Systems Limited

The upcoming Mobikwik IPO (Initial Public Offering), set to open on December 11, 2024, has garnered attention in the financial markets. Here's an in-depth analysis, including details on the Grey Market Premium (GMP) and what potential investors should consider.​

As of now, the GMP for the Mobikwik IPO has not stabilized significantly. GMP typically reflects investor sentiment in the unregulated market and offers an early indication of potential listing gains. However, GMP can fluctuate and does not guarantee performance on the listing day​.​

Business Overview

Mobikwik operates a two-sided platform connecting consumers and merchants. The company boasts 146.94 million registered users and 3.81 million merchant partners as of September 30, 2023. It has diversified offerings, including payment services, digital credit products like MobiKwik ZIP, and financial management tools​.​

Financials

The company reported a profit of ₹9.48 crore in the six months ending September 2023, indicating a positive shift in profitability compared to previous losses. Revenues for FY23 stood at ₹561.12 crore, with growth driven by credit products and payment gateway services​​

Company Promoters

Bipin Preet Singh, Upasana Rupkrishan Taku, Koshur Family Trust, and Narinder Singh Family Trust are the company's promoters.

In summary, the Mobikwik IPO presents an interesting opportunity in the fintech space, particularly for long-term investors. However, careful consideration of risks and valuation is crucial before making an investment decision. For detailed information, you can explore Mobikwik's official prospectus and additional resources​

Company Financials

Particulars 31-Mar-24 31-Mar-23 31-Mar-22
Total Assets (In ₹ Millions) 854.65 714.33 836.13
Total Revenue (In ₹ Millions) 890.32 561.12 543.22
Profit After Tax (PAT) (In ₹ Millions) 14.08 -83.81 -128.16

Grey Market Premium Updates

Date GMP Kostak Subject to Sauda
07 Dec 2024 ₹64-65 N/A N/A

Strengths & Weaknesses

Strength
Weakness

One Mobikwik Systems Limited IPO Reviews

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Subscription Details

Date & Time QIB NII RII Total
Day 1 - 11 Dec 2024
Day 2 - 12 Dec 2024
Day 3 - 13 Dec 2024

Allotment Status

Please click the link below to check the IPO allotment status.

IPO Allotment Status

One Mobikwik Systems Limited IPO FAQs

  1. When will One Mobikwik Systems Limited IPO open?

    One Mobikwik Systems Limited IPO will open on 11 Dec 2024 and close on 13 Dec 2024.

  2. What is the listing date of One Mobikwik Systems Limited IPO?

    One Mobikwik Systems Limited IPO will list on 18 Dec 2024.

  3. What is the offer price of One Mobikwik Systems Limited IPO?

    The offer price of One Mobikwik Systems Limited IPO is ₹265-279.

  4. What is the lot size of One Mobikwik Systems Limited IPO?

    The lot size of One Mobikwik Systems Limited IPO is 53.

  5. What is the Grey Market Premium (GMP) price of One Mobikwik Systems Limited IPO?

    The Grey Market Premium (GMP) price of One Mobikwik Systems Limited IPO is ₹64-65.

  6. What is the Kostak price of One Mobikwik Systems Limited IPO?

    The Kostak price of One Mobikwik Systems Limited IPO is Not Available at the moment.

  7. What is the Subject to Sauda price for One Mobikwik Systems Limited IPO?

    The Subject to Sauda price for One Mobikwik Systems Limited IPO is Not Available at the moment.

One Mobikwik Systems Limited IPO Review/Comments

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