December 18, 2024
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One Mobikwik IPO GMP grey market premium, review, Subscription, allotment, listing estimate @ Chanakyanipothi.com
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What is the latest news relating to One Mobikwik IPO?
On 18th December, the scrip is listed at Rs. 440, in line with the expectations of the grey market players.
One Mobikwik IPO Subscription Status
One Mobikwik Systems IPO Subscriptions (Closed)Price Rs. 279 Lot 53 shares, Net Rs. 572.00 Crore |
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| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 125.82 | 109.70 | 124.71 | 114.71 | 141.79 | 125.69 |
| Applications: 46,88,210 / (121.20x) Amount wise Bids recd. Rs. ? Crore |
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One Mobikwik IPO Allotment Link:
We will provide allotment link, once the allotment is finalised.
Who is the promoter of One Mobikwik IPO?
The PROMOTERS OF the COMPANY are BIPIN PREET SINGH, UPASANA RUPKRISHAN TAKU, KOSHUR FAMILY TRUST AND NARINDER SINGH FAMILY TRUST
What are the Objects of One Mobikwik IPO?
The Company proposes to utilize the Net Proceeds towards funding the following objects
1.Funding growth in our financial services business
2.Funding growth in our payment services business
3.Investment in data, ML and AI and product and technology
4.Capital expenditure for our payment devices business
5.General corporate purposes
What is the business of One Mobikwik?
One Mobikwik is a platform business at its core, that has a two-sided payments network, consisting of consumers and merchants. The Company has acquired 146.94 million Registered Users and enabled 3.81 million Merchants to make and accept payments online and offline, as of September 30, 2023. The usefulness of its platform for new and existing consumers increases, as it adds newer products to its digital credit, investments, and insurance verticals. As the company continues to expand the portfolio of products under these verticals, it believes it can transform the platform into an increasingly compelling offering for its consumers while simultaneously enhancing its profitability and value. As a result, the Company has achieved profit amounting to Rs. 94.78 million for the six months ended September 30, 2023. The Company’s commitment to growth through frugal, digital-first innovations is demonstrated through its bouquet of products at scale, and maintaining one of the lowest employee cost to revenue among digital financial product and services platforms in Fiscal 2023. It Payment GMV has grown at an annual rate of 32.33% and MobiKwik ZIP GMV (Disbursements) has grown at an annual rate of 354.86% from Fiscal 2021 to Fiscal 2023.
The Company capitalizes on various network effects, as outlined below:
- Payments: The increase in the number of consumers leads to greater acceptance among Merchants, and vice-versa.
- Consumer Credit: The growth in payments data facilitates broader consumer underwriting. The availability of credit products to consumers leads to heightened spending within the network.
- Investments: Utilizing personal financial management tools like Lens allows for a detailed comprehension of consumers’ financial data, resulting in personalized recommendations of investment products.
For more information, click www.mobikwik.com/ir
One Mobikwik IPO GMP grey market premium, review, Subscription, allotment, listing estimate
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One Mobikwik IPO Details |
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| IPO opens on | 11 December 2024 |
| IPO closes on | 13 December 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | ? Shares / Rs 700 Crore |
| * Fresh Issue | ? Shares / Rs 700 Crore |
| * Offer for Sale | – shares/ Rs.- Crore |
| Face Value per share: | Rs. 2 |
| Price Band | Rs.265-279 |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. ? per share |
| Retail Lot Size | 53 Shares |
| Listing will at | BSE, NSE |
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Shares offered in |
Shares | Rs. in Crore |
| QIB (75 %) | ? | ? |
| NII (15 %) | ? | ? |
| RII (10 %) | ? | ? |
| Employees | – | – |
| Total Shares | ? | 700 |
| Retail portion will be oversubscribed by | ? Forms. | |
| How to apply in One Mobikwik IPO? | Amount Rs. |
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| Min Retail Application | 53 Shares | 14787 |
| Max Retail Application | 689 Shares | 192231 |
| Small HNI (Min) application | ? Shares | ? |
| Small HNI (Max) application | ? Shares | ? |
| Big HNI Application | ? Shares | ? |
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What is the timetable of One Mobikwik IPO? |
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| IPO opens on | 11 December 2024 |
| IPO Closes on | 13 December 2024 |
| IPO Allotment on | 16 December 2024 |
| Unblocking of ASBA | 17 December 2024 |
| Credit of Shares | 17 December 2024 |
| Listing on | 18 December 2024 |
| Registered Office of One Mobikwik | |
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Unit 102, 1st Floor, Block-B, Pegasus One, |
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| Who are the Lead Managers of One Mobikwik IPO? SBI Capital Markets Limited DAM Capital Advisors Limited |
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| Registrar to IPO | |
| Link Intime India Private Limited |
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One Mobikwik IPO Financial & Analytical Ratios |
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| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Cr | Rs.in Cr | Rs. | % | |
| 2021-22 | 543.22 | (-) | (-) | (-) |
| 2022-23 | 561.12 | (-) | (-) | (-) |
| 2023-24 6M | 387.37 | 9.48 | 1.61 | 6.21 |
| Book Value of the Share on 31.03.2023 |
Rs. | 24.80 | ||
| BV after the FPO | Rs. | ? | ||
| Offer Price at Cap | Rs. | ? | ||
| One Mobikwik IPO Ratio Analysis |
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| Price /EPS | ? |
| Price/Book Value Ratio | ? |
| Price/BV after IPO | ? |
How One Mobikwik IPO compares with the Peers?
The Company is among a small number of uniquely positioned players with business segments such as payments services and financial services. Hence, there are no directly comparable companies in India or globally, having similar business model and comparable size.
| As on date of DRHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| One Mobikwik | 2 | 561.11 | ? |
| PayTM | 1 | 8400 | (23.11) |
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
One Mobikwik IPO Review
We will update our Review & Guidance, once the price band and other details are announced by the company.
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