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One Mobikwik Systems Ltd. IPO
One Mobikwik Systems Ltd., established in 2008, operates in the E-Commerce/E-Retail sector. The company's IPO opened on December 11, 2024 and closed on December 13, 2024, with an issue price of ₹279. ... Read more
IPO Timeline
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11 Dec 2024Bidding Starts
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13 Dec 2024Bidding Ends
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16 Dec 2024Allotment Finalization
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18 Dec 2024Listing
About One Mobikwik Systems Ltd.
We are a platform business with a two-sided payments network, consisting of consumers and merchants. Our key businesses: • Payment services: Using MobiKwik Wallet, UPI, cards and MobiKwik ZIP, consumers make payments of utility bills, to merchants and money transfers. Merchants can ... Read more
One Mobikwik Systems Ltd. IPO Reservation
| Investors Category | Shares Offered |
|---|---|
| Anchor Investors | 92,25,806 (45%) |
| Non Institutional Investors | 30,75,269 (15%) |
| Qualified Institutional Buyers (QIBs) | 61,50,538 (30%) |
| Retail Individual Investors (RIIs) | 20,50,179 (10%) |
One Mobikwik Systems Ltd. Financial Information
| Year End | Revenue | PAT | Reserves & Surplus |
|---|---|---|---|
| 31 Mar 2022 | 511.48 Cr | -121.86 Cr | 182.11 Cr |
| 31 Mar 2021 | 291.67 Cr | -107.67 Cr | -49.22 Cr |
| 31 Mar 2020 | 327.39 Cr | -102.12 Cr | -55.82 Cr |
One Mobikwik Systems Ltd. Background
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2008• Our company was incorporated in March 2008 by Bipin Preet Singh, who served as a signatory to the Memorandum of Association (MoA).
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2009• Started payment wallet operations in 2009
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2010• Upasana Rupkrishan Taku joined the Company as a co-founder in February
• Set up a digital wallet to enable users to make online bill payments
• Incorporation of Zaak ePayment Services Private Limited for payment gateway business
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2011• Seed investment led by Peak XV Partners Investment Holdings III (formerly known as Sequoia Capital India Investment Holdings III) into Zaak ePayment in November 2011
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2012• MobiKwik mobile application introduced on Google Play Store
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2013• Received Certificate of Authorisation to set up and operate payment system for semi-closed prepaid payments instrument services from the Reserve Bank of India
• Introduced MobiKwik mobile application on Apple App store
• MobiKwik was an India level finalist and won the 2nd place at the international level Vodafone appStar contest
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2014• Raised ₹152.70 million in Series A funding from PXVIHIII and PXVPIIV
• Integrated the MobiKwik wallet as a payment option on e-commerce websites
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2015• Restructuring of Zaak ePayment as a wholly owned subsidiary of the Company
• Raised Series B funding of ₹1,128.13 million from PXVPIIV , Tree Line and Amex
• Launched MobiKwik wallet as a payment option for organized retail
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2016• Raised Series C funding from PXVPIIV , Tree Line, Net1, among others.
• Launched MobiKwik wallet as a payment option for un-organized retail stores
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2017• Opened 6 new offices pan India
• Raised Series D funding of ₹2,250 million
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2018• Forayed into digital credit
• Acquired “ClearFunds” (Harvest Fintech), an online wealth management platform
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2019• Launched MobiKwik ZIP
• Received authorisation from the RBI to operate as a Bharat Bill Payment Operating Unit
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2020• Received license to act as a composite corporate agent from the IRDAI
• Elevated Chandan Joshi as a co-founder & CEO-Payments
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2021• Application made by Zaak ePayment for authorization to set up a payment system
• Raised Series G funding of ₹1,490 million from ADIA
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2022• Launched MobiKwik Xtra
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2023For consumers
• Became first fintech to launch Credit Card on UPI
• Introduced new feature for customers to track provident funds
• Launched MobiKwik Lens
• Launched brand EMI with Vivo stores
• Launched “Pocket UPI” For retail Merchants
• Launched MobiKwik sound box and EDC machines
• Launched merchant loan feature (MCA) for small Merchants For e-commerce Merchants
• Received In-Principle authorisation from RBI for Zaak Epayment Services Private Limited to operate as a Payment Aggregator under the Payment and Settlement Systems Act, 2007
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2024• Launched a new feature on its platform “Pocket UPI”
• Launched a Fixed Deposit platform
• MobiKwik co-branded a credit card
• Launched LENS.ai, an AI based Chatbot
1. Funding organic growth in our financial services business
2. Funding organic growth in our payment services business
3. Research and development in data, ML and AI and product and technology
4. Capital expenditure for our payment devices business
5. General corporate purposes
| Pricing Details | BSE | NSE |
|---|---|---|
| Issue Price | ₹ 279.00 | ₹ 279.00 |
| Open | ₹ 442.25 | ₹ 440.00 |
| Low | ₹ 439.20 | ₹ 440.00 |
| High | ₹ 530.70 | ₹ 528.00 |
| Last Trade | ₹ 530.30 | ₹ 528.00 |
1. Bipin Preet Singh
2. Upasana Rupkrishan Taku
3. Koshur Family Trust
4. Narinder Singh Family Trust
India’s consumer internet industry will maintain a high growth trajectory, eventually reaching USD 600 billion or more by Fiscal 2028. The overall Indian e-commerce market is expected to become USD 190-200 billion by Fiscal 2028. On consumer payments, Redseer estimates that wallet ... Read more
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2. Funding organic growth in our payment services business
3. Research and development in data, ML and AI and product and technology
4. Capital expenditure for our payment devices business
5. General corporate purposes
Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article
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