MobiKwik IPO

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)

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.