| One Mobikwik Systems IPO GMP | One Mobikwik Systems IPO Allotment |
One Mobikwik Systems IPO subscription starts on 11 December 2024 and will close on 13 December 2024. The company plans to raise around INR 572 crores via the IPO. The price band is fixed at INR 265 – 279 per share. One Mobikwik Systems IPO market lot has 53 shares, and the minimum application amount is INR 14,787. The retail quota is 10%, QIB is 75%, and NII is 15%.
Check One Mobikwik Systems IPO Subscription Status here. The subscription figures are taken from BSE and NSE and are updated at regular intervals. Here you can find One Mobikwik Systems IPO Subscription Status segregated by days and investor categories.
One Mobikwik Systems IPO Subscription Status – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 64,75,471 | 32,37,735 | 21,58,490 | 1,18,71,696 |
| 13 Dec 2024 | 119.50 | 108.95 | 134.67 | 119.38 |
| 12 Dec 2024 | 0.84 | 30.07 | 64.65 | 20.41 |
| 11 Dec 2024 | 0.02 | 8.98 | 26.75 | 7.32 |
Shares allotted to anchor investors are not included in these calculations. Similarly, shares allotted to market makers, if any, are not part of these calculations.
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One Mobikwik Systems – Business Background
One Mobikwik Systems, founded in 2009 by Bipin Preet Singh and Upasana Taku, is a prominent player in India’s fintech landscape, primarily focusing on digital payments and financial inclusion. The company operates a comprehensive platform that connects consumers and merchants through a two-sided payment network. This innovative approach allows users to engage in various financial activities, including bill payments, e-commerce transactions, and peer-to-peer transfers. As of 30 June 2024, MobiKwik boasts an impressive user base of 161.03 million registered users and a merchant network of 4.26 million, reflecting its significant reach across diverse market segments.
In terms of financial performance, MobiKwik has demonstrated robust growth in its operations. For the fiscal year 2024, the company reported a revenue from operations of INR 875 crore, up from INR 539 crore in FY 2023. This growth trajectory is supported by a remarkable compound annual growth rate (CAGR) of 45.88% in Payment Gross Merchandise Value (GMV) and an astonishing 112.16% CAGR in MobiKwik ZIP GMV disbursements between FY22 and FY24. The company’s commitment to expanding its product offerings into digital credit, investments, and insurance has enhanced its profitability and market appeal.
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Investor Categories in One Mobikwik Systems IPO Subscription
The three most important categories of IPO investors defined by SEBI are part of One Mobikwik Systems IPO.
Qualified Institutional Buyers (QIB) – Examples of QIBs are Foreign Portfolio Investors (FPIs), Scheduled Commercial Banks, Mutual Funds, Venture Capital Funds, Foreign Venture Capital Investors (FVCIs), Alternative Investment Funds (AIFs), Insurance Companies, Provident Funds and Pension Funds with a minimum corpus of INR 250 million.
Generally, 50% of the offer is reserved for QIBs. Some of these are classified as anchor investors which work towards stabilizing an IPO.
Non-Institutional Investor (NII) – These are affluent investors who can invest more than INR 200,000. In other words, these are High Networth Individuals (HNIs). Generally, 15% of the offer is reserved for this category. Bids in the category need to exceed INR 200,000. Typical examples include Category III FPIs, resident Indian individuals, HUFs (in the name of Karta), companies, corporate bodies, eligible NRIs, scientific institutions, societies, and trusts.
The NII category is further divided into two – big and small – the threshold application amount being INR 10,00,000 (INR 10 lakh).
Retail Individual Investor (RII) – This category is purely meant for small investors, whose bid must not exceed INR 200,000 per person. Usually, 35% of total shares are reserved for this category in the case of a company with profitable operations. If the IPO-bound company does not fulfill this criterion, only 10% of shares are reserved for retail investors.
Employee – Shares reserved for company employees are not part of the Net Offer and there may additionally be a discount on offer price to encourage employees to subscribe. Investors in the employee category may also apply under the retail category in an IPO. Therefore, this category of IPO investors has a unique advantage.
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One Mobikwik Systems IPO Subscription Status FAQs
When will the One Mobikwik Systems IPO subscription start?
One Mobikwik Systems IPO subscription starts on 11 December and ends on 13 December 2024.
How to subscribe to One Mobikwik Systems IPO?
You can subscribe to the IPO through ASBA and non-ASBA options. To use ASBA, login to your bank account and apply for the IPO online. Alternatively, you can download the form online or obtain a physical form, then submit the completed form to your broker or bank.
When will One Mobikwik Systems IPO be listed?
One Mobikwik Systems IPO will be listed on 18 December 2024, on the BSE and NSE stock exchanges.
