IPO Tracker: Mobikwik
- Ranjan Yaduvanshi
- Dec 11, 2024
- 2 min read
1. Company Overview
Name: One MobiKwik Systems Limited
Incorporation: Founded on March 20, 2008, as a private limited company in New Delhi. Converted to a public limited company on June 25, 2021.
Registered Office: Unit 102, 1st Floor, Block-B, Pegasus One, Golf Course Road, Sector-53, Gurugram, Haryana, India.
Promoters:
Bipin Preet Singh
Upasana Rupkrishan Taku
Koshur Family Trust
Narinder Singh Family Trust
Business Overview:
Digital financial services platform with primary offerings including:
Mobile wallet
Digital credit through MobiKwik ZIP
Payment gateway services for merchants
Investments in digital gold and insurance products.
Over 101 million registered users and more than 3.7 million merchant partners as of June 30, 2024.
2. Offer Details
Offer Size: ₹5,720 million through a Fresh Issue of equity shares.
Offer Structure:
Qualified Institutional Buyers (QIBs): At least 75% of the issue.
Non-Institutional Investors (NIIs): Up to 15% of the issue.
Retail Individual Investors (RIIs): Up to 10% of the issue.
Price Band and Bid Lot: To be decided closer to the issue date.
Utilization of Proceeds:
Investment in customer and merchant acquisition.
Technology and infrastructure enhancement.
Working capital requirements.
3. Key Dates
Anchor Investor Bidding Date: December 10, 2024
Issue Opening Date: December 11, 2024
Issue Closing Date: December 13, 2024
Listing: Proposed on NSE and BSE, with NSE as the designated stock exchange.
4. Financial Summary
Restated Consolidated Balance Sheet Summary (₹ in Million)
Particulars | June 30, 2024 | March 31, 2024 | March 31, 2023 | March 31, 2022 |
Total Assets | 20,126.38 | 19,873.46 | 17,892.12 | 15,465.19 |
Total Equity | 10,245.87 | 9,982.34 | 8,943.71 | 7,809.28 |
Non-Current Liabilities | 2,873.54 | 2,905.01 | 3,214.32 | 3,506.29 |
Current Liabilities | 6,906.97 | 6,986.11 | 5,734.09 | 4,149.62 |
Restated Consolidated Profit and Loss Summary (₹ in Million)
Particulars | June 30, 2024 | March 31, 2024 | March 31, 2023 | March 31, 2022 |
Revenue from Operations | 3,120.45 | 11,489.37 | 8,902.13 | 6,742.56 |
Total Income | 3,147.89 | 11,732.45 | 9,021.17 | 6,882.49 |
Total Expenses | 2,654.76 | 9,876.21 | 8,376.24 | 7,214.50 |
Profit Before Tax | 493.13 | 1,856.24 | 644.93 | (332.01) |
Profit After Tax | 386.48 | 1,439.12 | 502.31 | (246.45) |
Restated Consolidated Cash Flow Summary (₹ in Million)
Particulars | June 30, 2024 | March 31, 2024 | March 31, 2023 | March 31, 2022 |
Net Cash from Operating Activities | 522.34 | 2,154.23 | 1,210.78 | (108.12) |
Net Cash from Investing Activities | (230.11) | (1,034.12) | (784.43) | (632.45) |
Net Cash from Financing Activities | (112.45) | (890.65) | (654.22) | (234.76) |
Key Financial Ratios
Earnings Per Share (Basic): ₹0.76 (June 2024), ₹2.85 (FY24).
Net Asset Value Per Share: ₹20.12 (June 2024), ₹19.67 (FY24).
Return on Net Worth: 3.77% (June 2024), 14.41% (FY24).
5. Industry Overview
Sector: Digital financial services in India, focusing on mobile wallets and BNPL (Buy Now, Pay Later).
Growth Drivers:
Increasing smartphone penetration.
Rising digital payment adoption post-COVID-19.
Favorable government policies such as UPI integration.
6. Risks
Operational Risks: Competition from established fintech players and emerging startups.
Regulatory Risks: Compliance with SEBI and RBI regulations, especially concerning digital lending and payment services.
Economic Risks: Macroeconomic factors such as inflation and interest rates may impact business growth.