The Initial Public Offering of One MobiKwik Systems Limited was subscribed 119.38 times on the final day of bidding.
The issue received bids of 1,41,72,69,502 shares against the offered 1,18,71,696 equity shares, at a price band of ₹265-279, according to the data available on the stock exchanges.
Retail Portion and Non-Institutional Investors Portion were subscribed 134.67 times and 108.95 times respectively. Qualified Institutional Buyer Portion was subscribed 119.50 times.
SBI Capital Markets Limited, and DAM Capital Advisors Limited are the book-running lead managers, and Link Intime India Private Limited is the registrar of the issue.
Company Information
One MobiKwik Systems, founded by Bipin Preet Singh and Upasana Taku, primarily with key businesses consisting of payment services and financial services.
As of June 30, 2024, the platform has acquired 161.03 million registered users and enabled 4.26 million merchants to transact both online and offline. By continuously adding new offerings to its digital credit, investments, and insurance verticals, MobiKwik enhances the platform’s value for consumers, aiming to create a comprehensive and profitable ecosystem. This strategy contributed to a profit of ₹14.08 crore for the fiscal year ending March 31, 2024.
Demonstrating a commitment to growth through innovative and cost-efficient solutions, MobiKwik has built a diverse portfolio of products while maintaining one of the lowest employee cost-to-revenue ratios among digital financial service platforms in Fiscal 2023 (Source: RedSeer Report). The company’s Payment GMV has grown at an annual rate of 45.88%, and its MobiKwik ZIP GMV (Disbursements) achieved a remarkable annual growth rate of 112.16% between Fiscal 2022 and Fiscal 2024.
https://www.bseindia.com/markets/publicIssues/CummDemandSchedule.aspx?ID=6872&status=L
As of June 2024, MobiKwik has established a broad footprint across 99% of India’s pin codes. It has 161.03 million registered users, including 70.88 million KYC-completed users, and reported a robust platform to spend GMV of ₹28,578.25 crore. The company has facilitated credit disbursals worth ₹2,346.71 crore year-to-date, with 34.28 million pre-approved digital credit users and 7.27 million active digital credit users. Additionally, MobiKwik has secured investments totaling ₹6,692.85 crore as an Authentication User Agency (AUA) and achieved a competitive customer acquisition cost (CAC) of just ₹33.53.
The table below shows subscription data for all the categories of investors:
| One MobiKwik Systems Limited
Last updated on
13 Dec 2024 | 05:00:00 PM |
| Sr.No. |
Category |
No.of shares offered / reserved |
No. of shares bid for |
No. of times of total meant for the category |
| 1 |
Qualified Institutional Buyers (QIBs) |
64,75,471 |
77,38,42,188 |
119.50 |
| 1(a) |
Foreign Institutional Investors (FIIs) |
– |
20,92,13,366 |
– |
| 1(b) |
Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) |
– |
34,35,04,607 |
– |
| 1(c) |
Mutual Funds |
– |
2,78,02,528 |
– |
| 1(D) |
Others |
– |
19,33,21,687 |
– |
| 2 |
Non Institutional Investors(NIIS) |
32,37,735 |
35,27,50,351 |
108.95 |
| 2.1 |
Non Institutional Investors(Bid amount of more than Ten Lakh Rupees) |
21,58,490 |
22,49,12,973 |
104.20 |
| 2.1(a) |
Corporates |
– |
40,37,116 |
– |
| 2.1(b) |
Individuals (Other than RIIs) |
– |
21,17,40,671 |
– |
| 2.1(c) |
Others |
– |
91,35,186 |
– |
| 2.2 |
Non Institutional Investors(Bid amount of more than Two Lakh Rupees and upto 10 lakh rupees) |
10,79,245 |
12,78,37,378 |
118.45 |
| 2.2(a) |
Corporates |
– |
3,98,189 |
– |
| 2.2(b) |
Individuals (Other than RIIs) |
– |
12,26,78,305 |
– |
| 2.2(c) |
Others |
– |
47,60,884 |
– |
| 3 |
Retail Individual Investors (RIIs) |
21,58,490 |
29,06,76,963 |
134.67 |
| 3(a) |
Cut Off |
– |
25,30,89,416 |
– |
| 3(b) |
Price Bids |
– |
3,75,87,547 |
– |
| 4 |
Employee Reserved |
– |
– |
– |
| 4(a) |
Employee (Cut off) |
– |
– |
– |
| 4(b) |
Employee (Price) |
– |
– |
– |
| 5 |
Reservation PortionShareholder |
– |
– |
– |
| 5(a) |
RPS (Cut off) |
– |
– |
– |
| 5(b) |
RPS (Price) |
– |
– |
– |
|
Total |
1,18,71,696 |
1,41,72,69,502 |
119.38 |
