One Mobikwik Systems IPO
Company Overview
Mobikwik Systems Limited is a leading fintech platform providing prepaid digital wallets and online payment services. Founded in March 2008, the company has established itself as a pioneer in digital payments and financial solutions, catering to over 161 million registered users and 4.26 million merchants.
Key Services Offered
Mobikwik offers a wide range of services designed to simplify digital payments and empower users with innovative financial solutions:
Utility Bill Payments: Mobile recharges, electricity, and credit card bills.
Seamless Purchases: Both online and offline, including retail stores and fuel stations.
Money Transfers: To phone numbers, UPI IDs, or bank accounts.
Bank Services: Balance inquiries.
QR-Based Payments: Using UPI or Rupay credit cards.
Innovative Products
Mobikwik has developed unique products for consumers and merchants through in-house innovations and strategic partnerships:
MobiKwik ZIP & ZIP EMI: ‘Buy Now, Pay Later’ solutions with flexible repayment options.
Merchant Cash Advance: Affordable credit for merchants using their payment ecosystem.
Kwik QR: QR-based payment acceptance for UPI, wallets, cards, and pay-later options.
MobiKwik Vibe: A soundbox for real-time payment confirmations.
MobiKwik EDC Machine: Point-of-sale terminals for in-person payments.
Online Checkout Solutions: Enabling seamless payment acceptance for e-commerce merchants.
Strengths
Large user base with 161 million registered users and 4.26 million merchants.
Diverse offerings, including digital credit, investments, and insurance.
Efficient operating model ensuring low costs and strong profitability.
Risks
Intense Competition: From established fintech players.
Regulatory Challenges: Navigating a dynamic environment.
Default Risks: High reliance on digital credit.
Scalability Concerns: Managing ecosystem expansion.
Objects of the IPO
The company plans to use the IPO proceeds for:
Business Expansion.
Capital Expenditure.
General Corporate Purposes.
Mobikwik Systems IPO: Key Details
IPO Dates: 11 to 13 December, 2024
Price Band : ₹265 to ₹279 per share
Lot Size: 53 shares
Total Issue size: ₹ 572 Crores
Retail Quota: 10%
GMP: 35% (For Informational purposes only)
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