MobiKwik IPO

Published On: 02/12/20242 min read

MobiKwik IPO: Comprehensive Investor Guide

The eagerly awaited MobiKwik Initial Public Offering (IPO) is set to open for subscription on December 11, 2024. This article provides detailed insights into the company, IPO specifics, and essential information for prospective investors.

About the Company

Founded in 2009, MobiKwik is a leading Indian fintech enterprise offering a mobile-based payment system and digital wallet services. The platform enables users to load money into a mobile wallet for seamless payments across various services. Over the years, MobiKwik has diversified its offerings to include financial products such as digital credit, investments, and insurance, catering to both consumers and merchants. As of June 30, 2024, MobiKwik boasts over 161 million registered users and has empowered approximately 4.26 million merchants to process payments both online and offline.

IPO Timeline

  • IPO Open Date: December 11, 2024
  • IPO Close Date: December 13, 2024
  • Anchor Investor Bidding Date: December 10, 2024
  • Basis of Allotment Finalization: December 16, 2024
  • Initiation of Refunds: December 17, 2024
  • Credit of Shares to Demat Accounts: December 17, 2024
  • IPO Listing Date: December 18, 2024

Note: These dates are based on the company’s announcements and are subject to change.

IPO Lot Size

  • Lot Size: 53 shares
  • Minimum Investment Amount: ₹14,787 (at the upper price band of ₹279 per share)

Investors can apply in multiples of 53 shares thereafter.

IPO Anchor Investors Details

The details of anchor investors will be disclosed on December 10, 2024, a day before the IPO opens for subscription. This information will provide insights into the institutional demand for the IPO.

IPO Promoter Holding

  • Promoters: Bipin Preet Singh, Upasana Rupkrishan Taku, Koshur Family Trust, and Narinder Singh Family Trust.

The exact pre- and post-IPO promoter holding percentages will be detailed in the company’s Red Herring Prospectus (RHP).

IPO Grey Market Premium (GMP)

Date GMP (₹)
December 7, 2024 64-65
December 10, 2024 132
December 11, 2024 135
December 12, 2024 136
December 13, 2024 150
December 14, 2024 150
December 15, 2024 165

Notes:

  • These values are derived based on the IPO upper price band of ₹279.
  • The GMP is unofficial and subject to fluctuations based on market sentiment.
  • Investors should perform their due diligence and consult financial advisors before making decisions.

Final Thoughts

The MobiKwik IPO presents an opportunity to invest in one of India’s leading digital payment platforms. With a robust user base and a diversified portfolio of financial products, MobiKwik is well-positioned in the rapidly growing fintech sector. Potential investors should conduct thorough research and consider consulting financial advisors before making investment decisions.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investing in IPOs carries inherent risks, and it’s essential to perform due diligence or consult financial experts before making investment decisions.

Latest News

Investor Education

IPO for Beginners: Understand How Initial Public Offerings Work

New to IPOs? Learn how Initial Public Offerings work, their benefits, risks, and how you can invest smartly in upcoming public companies.

Investing in an Initial Public Offering (IPO) can be an exciting opportunity for investors. IPOs offer a chance to get in on the ground floor of a company’s growth potential. This guide will provide you with the basics of IPO investment, including its benefits, risks, and why companies choose to go public.

Introduction to Mutual Funds: A Beginner’s Guide to Smart Investing

Explore how mutual funds help diversify your investments. This beginner’s guide explains types, benefits, and key tips for mutual fund investing.

Mutual funds have become a popular investment choice for individuals seeking to diversify their portfolios and achieve their financial goals. For beginners, understanding the basics of mutual funds is the first step towards making informed investment decisions.

Stock Market Basics: A Beginner’s Guide to Investing in Shares

Learn how the stock market works, why it's essential to the economy, and how you can start trading confidently as a first-time investor.

The stock market is often described as the backbone of modern economies. It’s a dynamic platform where individuals and institutions come together to trade shares of publicly listed companies. For beginners, the stock market might seem like a complex and intimidating space, but in reality, it’s a structured marketplace that fuels economic growth and provides opportunities for wealth creation.