MobiKwik IPO
When eyeing potential opportunities in the brimming fintech sector, the MobiKwik IPO emerges as a noteworthy contender. This comprehensive exploration of MobiKwik’s impending IPO offers a foundational understanding for investors keen on fintech. Investors can better position themselves in this dynamic sector by weighing the company’s enduring strengths against its acknowledged weaknesses and analyzing its financial health.
| Opening Date Wednesday, December 11, 2024 | Closing Date Friday, December 13, 2024 |
| Price Band ₹265 to ₹279 per share | Issue Size 20,501,792 shares |
| Face Value ₹2 per share | Market Lot 53 Shares |
| Listing at NSE,BSE | |
| IPO Open Date | Wednesday, December 11, 2024 |
|---|---|
| IPO Close Date | Friday, December 13, 2024 |
| Allotment Date | Monday, December 16, 2024 |
| Initiation Of Refunds | Tuesday, December 17, 2024 |
| Credit Of Shares To Demat Account | Tuesday, December 17, 2024 |
| IPO Listing Date | Wednesday, December 18, 2024 |
| UPI Mandate Expiry Date | 5 PM on December 13, 2024 |
Checkout the List of Upcoming IPO
About the MobiKwik Company
Founded in 2009 by Bipin Preet Singh and Upasana Taku, MobiKwik has positioned itself as a dynamic player in Indian digital banking. Offering a suite of financial services, from payments and digital credit to investments and wealth management, MobiKwik has carved a niche for itself.
The platform enables users to conduct various financial transactions, including shopping, bill payments, recharges, money transfers, and more, providing options for digital credit up to Rs. 60,000, investing in mutual funds, digital gold, and peer-to-peer lending.
MobiKwik IPO Financial Highlights
MobiKwik’s financials reveal a growth trajectory and resilience amidst the competitive fintech landscape. Here’s a summarized table reflecting its financial performance:
| Financial Year | Total Revenue (Cr.) | Profit after Tax (Cr.) |
|---|---|---|
| 2018-19 | 160.23 | 147.97 |
| 2019-20 | 369.85 | 99.92 |
| 2020-21 | 302.26 | 111.3 |
These figures underscore the company’s enduring profitability and adaptability in navigating a rapidly evolving market segment.
MobiKwik IPO Strengths & Weaknesses
Analyzing MobiKwik’s inherent strengths and potential risks is crucial for investors. Here, we encapsulate the findings in a tabulated format for a coherent overview:
| Strengths | Weaknesses | ||
|---|---|---|---|
| Robust brand image with significant recall among consumers | Recent security breaches casting shadows on the perceived trustworthiness | ||
| Innovation-driven, leveraging cutting-edge technology | Challenges in attracting and retaining new merchants and customers | ||
| Strong business network fostering cross-vertical growth | Intense competition in the fintech space necessitates vigilant monitoring and rapid adaptability | ||
The mixture of MobiKwik’s solid technological backbone and widespread recognition of potential vulnerabilities and competitive pressures paints a nuanced picture. For investors, dissecting these facets is instrumental in gauging the investability of the MobiKwik IPO.
How to apply in IPO via UPI on Dynami
A simple and smartest way to Apply in IPO online via Religare Dynami Mobile App
How to apply for Mobikwik IPO ?
Retail investors need to apply for the IPO using UPI
UPI
- Link your bank account to a UPI ID.
- Register your UPI id with your Demat account.
- Subscribe for MobiKwik IPO and approve the payment on your UPI ID.
Demat Account
- If you are an existing Dynami user, Pre-Apply Now!
- If you’re a new investor, open free demat account with our Dynami App and begin your investment journey.
How to open a
Demat & Trading Account?
Fill up your personal details in the form above
Fill up your DOB, PAN, email & bank account details
Upload your photo and e-sign your application via Aadhaar OTP
Frequently Asked Questions
What is the price band of the IPO?
- The price band for the IPO is set between ₹265 to ₹279 per share.
What is the size of the IPO?
- The issue size of the company is ₹572.00 Cr.
What is the minimum lot size of the IPO?
- The minimum lot size for this IPO is 53 shares.
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