One Mobikwik Systems’ (MobiKwik) Rs 572 crore IPO will go live via subscription on December 11 and run through December 13. A brand-new issue of shares worth Rs 572 crore is being sold in the initial offer. There is no component of an offer-for-sale in the initial public offer.
IPO size and structure
The Mobikwik IPO’ Rs 572 crore issue size consist of 100 per cent book built offer of fresh issue of 2.05 crore shares. The business has allocated 10 per cent of the issue size to retail shareholders, 15 per cent to non-institutional investors, and 75 per cent to qualified institutional buyers (QIBs).
Price band and minimum bid
The price range for the Mobikwik IPO is Rs 265 to Rs 279 per share. 53 shares is the smallest lot size required for an application. Retail investors are required to invest a minimum of Rs 14,787.
The minimum lot size investment for bNII is 68 lots (3,604 shares), which is Rs 1,005,516; for sNII, it is 14 lots (742 shares), which is Rs 207,018, respectively.
Subscription and listing date
The subscription period for the Mobikwik IPO begins on December 11, 2024, and ends on December 13, 2024. On Monday, December 16, 2024, the allocation for the Mobikwik IPO is anticipated to be finalized.
The Mobikwik IPO is scheduled to list on the BSE and NSE on Wednesday, December 18, 2024.
Use of IPO proceeds
The funds raised will be utilized to support the expansion of the payment and financial services industries. Beyond general corporate purposes, it will also be used for capital expenditures for the payment devices business and investments in data, products, technology, artificial intelligence, and machine learning (ML).
Registrar and book running lead manager
The issue’s registrar is Link Intime India, and its book-running lead managers are DAM Capital Advisors and SBI Capital Markets.
Company financials
In FY24, the company reported revenue of Rs 87 per cent crore, a 62.19 per cent increase over FY23’s revenue of Rs per cent39.46 crore. FY24’s net profit was Rs 14.08 crore, while the previous year’s net loss was Rs 83.81 crore.
