One Mobikwik IPO: Date, GMP, Details

The well-known fintech company, Mobikwik, is set for its upcoming IPO that starts from December 11, 2024, to December 13, 2024. The Mobikwik IPO will be listed on BSE and NSE, and the tentative listing date is December 18, 2024. 

In this article, we will look into the Mobikwik IPO details, including the IPO date, Mobikwik GMP, and so much more. 

One Mobikwik IPO Details

IPO Date	December 11, 2024, to December 13, 2024
Listing Date	Wednesday, December 18, 2024
Face Value	₹2 per share
Price Band	₹265 to ₹279 per share
Lot Size	53 Shares
Total Issue Size	20,501,792 shares(aggregating up to ₹572.00 Cr)
Fresh Issue	20,501,792 shares (aggregating up to ₹572.00 Cr)
Issue Type	Book Built Issue IPO
Listing At	BSE, NSE
Shareholding pre-issue	57,184,521
Shareholding post-issue	77,686,313

For more information, refer to the Mobikwik IPO RHP.

Mobikwik IPO: Company Financials (in ₹ Crore)

Period Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	908.1	854.65	714.33	836.13
Revenue	345.83	890.32	561.12	543.22
Profit After Tax	-6.62	14.08	-83.81	-128.16
Net Worth	216.54	142.69	162.59	158.65
Reserves and Surplus	147.21	151.15	131.26	205.1
Total Borrowing	206.34	211.7	192.27	150.91

One Mobikwik IPO GMP today

Ahead of One Mobikwik Systems’ eagerly anticipated initial public offering (IPO), shares of the digital wallet and online payment services provider are speculating in the grey market. 

The subscription for the ₹572 crore issue is scheduled to start this week on December 11 in the primary market, and the One Mobikwik IPO GMP has jumped to about 40% as of December 09, 2024.

According to sources following grey market activity, Mobikwik shares were selling for ₹390 each, representing the One Mobikwik IPO GMP today of ₹111, or 39.78%, each share in comparison to the ₹279 top end of the IPO price range. 

Also read: Vishal Mega Mart IPO: Date, Details, Review

Mobikwik IPO Objectives

The company plans to utilise the Net Proceeds across several key strategic areas. These include 

• Funding expansion of its financial services and payment services businesses;
• Making investments in data analytics, machine learning, artificial intelligence, product development, and technology infrastructure; 
• Allocating funds for capital expenditure related to its payment devices business and 
• Supporting general corporate purposes.

About One Mobikwik Systems Limited

Founded in 2009, Mobikwik is one of the leading digital banking platforms that serves both consumers and merchants with a broad range of financial products and services, including digital banking, payments, investments, etc. 

The primary segments of their services are digital wallets and phone-based payment systems. The company got authorised by the Reserve Bank of India for offering the MobiKwik wallet in 2013. In 2016, their services expanded to offering small loans to customers. 

Apply for the Mobikwik IPO here.

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