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15 Days Price Change

One Mobikwik Systems IPO

Closing In

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Issue Size --
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Price Range 265  to  279 per share
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Min Investment ₹279
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Lot Size 1
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Face Value ₹2
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Draft Prospectus --
Invest Before the IPO Goes Live

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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Mobikwik is the largest Buy Now Pay Later (BNPL) fintech and one of the largest mobile wallets 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%. They 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, they commenced operations as a mobile wallet to make digital payments convenient for their users. Their use has since then expanded to include bill payments, e-commerce shopping, food delivery, payments at petrol pumps, large retail chains, pharmacies, Kirana stores, etc. Their platform also enables peer-to-peer payments via Unified Payments Interface (“UPI”), MobiKwik Wallet as well as MobiKwik Wallet to bank payments. Over the years they have amassed over 108 million Registered Users and more than 3.45 million e-commerce, physical retail, and biller partners. In order to further enhance their value proposition to their online merchants, they introduced their 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, they launched MobiKwik Zip, their 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 the unserved Indian population with their first experience of credit. They are a technology-first company leveraging big data analytics and deep data science (including machine learning) to continuously delight users and merchants on its platform. Their mission is to build world-class payments and credit products for Bharat! Read More

Basic Info

Face Value 2 per share

Price 265  to  279 per share

P/E (x) -14.5

Sales( Cr.) 1170

PAT( Cr.) -122

EPS -19.3

Draft Prospectus --

Exchange BSE-NSE

Promoter

Company Promoters

Bipin Preet Singh Upasana Rupkrishan Taku Koshur Family Trust Narinder Singh Family Trust.

Pre Issue Share Holding 100%

Post Issue Share Holding 34.94%

Listing Details:

Listing Price: 442.25

Listing Gain: 36.91%

Current Price: 196.2

Gain On Issue: 196.2 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Dec 11, 2024
Closing Date Dec 13, 2024
Allotment Dec 16, 2024
Refund Dec 17, 2024
Delivery of Shares Dec 17, 2024
Listing Date Dec 18, 2024

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 53 14,787
Retail (Max) 13 689 192,231
S-HNI (Min) 14 742 207,018
S-HNI (Max) 67 3551 990,729
B-HNI (Min) 68 3604 1,005,516

Objective of the Issue

1. Funding growth in the financial services business 2. Funding growth in the payment services business 3. Investment in data, ML, AI, product and technology 4. Capital expenditure for the payment devices business 5. General corporate purposes

Issue

Category Nos Bid Bid (x)
QIB 15376344 1934651602 125.8x
NII 3075269 352733354 114.7x
Retail 2050179 290674379 141.8x
EMP 0 0 0x
Total 20501792 2576870236 125.7x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

One Mobikwik Systems Profit & Loss

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 148 356 289 527 539 875 1170
Other Income 12 14 14 17 22 15 22
Total Income 160 370 302 543 561 890 1192
Total Expenditure 302 454 346 568 507 820 1233
Operating Profit -142 -85 -43 -25 54 70 -41
Interest 8 11 66 102 130 51 66
Depreciation 2 3 1 2 4 4 13
Exceptional Income / Expenses 0 0 0 0 0 0 0
Profit Before Tax -151 -98 -110 -128 -81 14 -120
Provision for Tax -3 2 1 -0 3 0 2
Profit After Tax -148 -100 -111 -128 -84 14 -122
Adjustments 0 0 0 0 0 0 0
Profit After Adjustments -148 -100 -111 -128 -84 14 -122
Adjusted Earnings Per Share -73.6 -49.7 -55.4 -22.4 -14.7 2.5 -15.6

One Mobikwik Systems Balance Sheet

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds -2 -31 -20 217 143 163 589
Minority's Interest 0 0 0 0 0 0 0
Borrowings 13 1 0 0 22 42 0
Other Non-Current Liabilities 2 2 -0 5 14 12 18
Total Current Liabilities 317 362 441 612 536 638 753
Total Liabilities 330 335 420 833 714 855 1361
Fixed Assets 12 5 1 9 15 16 25
Other Non-Current Assets 11 19 66 165 149 149 137
Total Current Assets 307 311 354 659 551 690 1198
Total Assets 330 335 420 833 714 855 1361

One Mobikwik Systems Cash Flow

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents -8 -18 -46 2 -74 -29 -21
Cash Flow from Operating Activities -138 -18 -35 -321 27 -22 -68
Cash Flow from Investing Activities 73 13 10 -85 -1 27 -313
Cash Flow from Financing Activities 54 -23 73 329 18 3 515
Net Cash Inflow / Outflow -10 -28 49 -76 44 8 133
Closing Cash & Cash Equivalent -18 -46 2 -74 -29 -21 112

One Mobikwik Systems Ratios

# Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -73.62 -49.71 -55.37 -22.41 -14.66 2.46 -15.64
CEPS(Rs) -72.87 -48.37 -54.72 -22.04 -13.91 3.22 -13.99
DPS(Rs) 0 0 0 0 0 0 0
Book NAV/Share(Rs) -9.45 -34.99 -34 30.3 15.72 18.25 66.76
Core EBITDA Margin(%) -103.47 -27.78 -19.8 -7.84 5.94 6.24 -5.37
EBIT Margin(%) -96.56 -24.56 -15.51 -5.08 9.16 7.49 -4.56
Pre Tax Margin(%) -101.83 -27.57 -38.21 -24.39 -14.95 1.61 -10.22
PAT Margin (%) -99.66 -28.09 -38.57 -24.34 -15.54 1.61 -10.39
Cash Profit Margin (%) -98.65 -27.33 -38.11 -23.94 -14.74 2.1 -9.29
ROA(%) -44.84 -30.07 -29.48 -20.44 -10.83 1.79 -10.97
ROE(%) 0 0 0 -244.28 -63.7 14.49 -39.01
ROCE(%) -168.96 -133.88 -103.86 -13.1 14.06 18.49 -8.65
Receivable days 40.85 17.13 34.38 23.24 35.62 32.73 21.39
Inventory Days 0 0 0 0 0 0 0
Payable days 0 0 0 0 0 0 0
PER(x) 0 0 0 0 0 0 0
Price/Book(x) 0 0 0 0 0 0 4.57
Dividend Yield(%) 0 0 0 0 0 0 0
EV/Net Sales(x) -0.7 -0.35 -0.44 -0.42 -0.29 -0.19 1.43
EV/Core EBITDA(x) 0.73 1.49 2.95 9 -2.94 -2.35 -41.23
Net Sales Growth(%) 0 139.55 -18.87 82.47 2.45 62.2 33.73
EBIT Growth(%) 0 39.09 48.75 40.27 284.74 32.74 -181.42
PAT Growth(%) 0 32.47 -11.39 -15.15 34.6 116.8 -963.19
EPS Growth(%) 0 32.47 -11.39 59.53 34.6 116.8 -735.42
Debt/Equity(x) -13.79 -1.34 -1.12 0.87 2.14 2.03 0.52
Current Ratio(x) 0.97 0.86 0.8 1.08 1.03 1.08 1.59
Quick Ratio(x) 0.97 0.86 0.8 1.08 1.03 1.08 1.59
Interest Cover(x) -18.33 -8.15 -0.68 -0.26 0.38 1.27 -0.81
Total Debt/Mcap(x) 0 0 0 0 0 0 0.11

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 34% 30% 27% 0%
Operating Profit CAGR -159% 0% 0% 0%
PAT CAGR -971% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -29% NA% NA% NA%
ROE Average -39% -29% -67% -48%
ROCE Average -9% 8% -19% -57%

Company Contact Information

One Mobikwik Systems Ltd.

Unit No. 102, 1st Floor, Block- B Pegasus One, Golf Course Road Sector-53

IPO Lead Manager(s)

One Mobikwik Systems Ltd.

Dam Capital Advisors Ltd. (Formerly IDFC Securities Ltd.)

SBI Capital Markets Ltd

Registrar Info

One Mobikwik Systems Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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