Mobikwik IPO Listing Date, Issue Price, Allotment Details

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Online payment and lending firm Mobikwik ipo plans to raise ₹19 billion through IPO. Out of which there is a fresh issue of fifteen hundred crore shares and an offer of Rs 400 crore for sale from existing investors.

Founded in 2009, the company’s final value was $700 million. When it raised $20 million in June 2021. It is in the business of consumer payments Violet Buy Now Pay Later payment gateways and cross-selling mutual funds and insurance.

It is a fintech company that provides the largest mobile pilot and Buy Now Pay Later (BNPL) facility in India. Which is based on the Mobile Violet Gross Merchandise Value (GMV) and BNPL GMB respectively in FY21. India’s online transaction users grew at a CAGR of nearly 15% from 180 million in FY2018 to over 250 million in FY21, according to a RedSeer report.

Mobikwik-IPO-Price-Listing-Date-Details

However, there were only 30 to 35 million credit card users in India. This resulted in lower credit card penetration by 3.5% (of the total Indian population above 15 years of age) as of 31 March 2021 compared to the major economies of the world.

The company focused on addressing the unmet needs of fast-growing online transactions by combining the convenience of daily mobile payments with the benefits of Buy Now Pay Later.

MobiKwik has a user base of 101 million and March & Partners has a user base of 3.4 million. It had reported a total income of ₹302 crore, an expense of ₹404 and a loss of ₹101, for FY21.

Mobikwik Company Details

Vipin Preet Singh is the Managing Director of Mobikwik Company. It was launched in 2019 with Violet allowing users to load money into mobile wallet and pay with one click. It is the largest mobile wallet in India and Buy Now Pay. Provides letter service also provides payment gateway service to e-commerce merchants.

Mobikwik Company Work Business

Mobikwik company is doing its business in 3 ways.

  1. BNPL– Mobikwik comes with Zip and Zip EMI which provides Buy Now Pay Later credit for daily payments as well as spending to middle class Indians.
  2. Consumer Payments – MobiKwik Wallet is a mobile payment app.
  3. Payment Gateway– Mobikwik Zaakpay includes a Payment Gateway Aggregator which also makes indie-to-end payments to online merchants.

Mobikwik Company Promoters

The promoters of MobiKwik are Bipin Preet Singh, Upasana Roopkrishna Taku, Koshur Family Trust and Narendra Singh Family Trust are the promoters of the company.

Mobikwik IPO Price, Listing Date, End Date, Allotment

  • Opening Date – Not Yet Released
  • Closing Date – Not Yet Released
  • Face Value – Not released yet
  • IPO Price – Not Yet Released
  • Minimum Investment – Not yet released
  • 1 bid Quantity – Not yet issued
  • Price of 1 bid – Not yet released
  • Refund Date – Not yet issued
  • Listing date – not yet released
  • Application Timings – Not released yet

Mobikwik Company Total Assets and Revenue

Mobikwik Total Assets

  • 31 March 2019-3,350.84 million
  • 31 March 2020–  3,379.36 million
  • 31 March 2021-4,231.39 million

Mobikwik Total Revenue

  • 31 March 2019-1,602.32 million
  • 31 March 2020-3,698.54 million
  • 31 March 2021-3.022.56 million

Mobikwik Company Positive Facts ( Mobikwik IPO Strengths)

  • The company’s ecosystem connects end users, retailers, decision-making institutions and other partners.
  • creating attractive network effects that benefit all parties.
  • It has a large engaged user base with low customer acquisition cost.
  • The brand name MobiKwik is well known across the country.
  • Technology and product is the first approach to business.

Mobikwik IPO Risks

  • Unable to attract new users or merchants and maintain and develop their relationships with existing users or merchants.
  • Security breaches and poor reviews against its platform.
  • substantial and increasingly intense competition.
  • Inability to maintain the level of development.

Mobikwik IPO Price

The price of Mobikwik IPO has not been released yet.

Mobikwik IPO listing date

mobikwik IPO date has not been released yet.

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