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Mobikwik IPO
Price Band
₹265.0–279.0
Issue Size
₹572.0 Cr
Lot Size
53 shares
Min Investment
₹14,787
GMP
+₹160.0 (57.35%)
Issue Price
₹279.0
Subject to Sauda
₹6400
Paid only if allotted
Mobikwik IPO AI Summary
- Mobikwik IPO is listed on BSE, NSE in the Financial Technology (Fintech) sector.
- Price band: ₹265.0–₹279.0 per share, lot size 53 shares (min. investment ₹14,787).
- Subscription window: 11 Dec–13 Dec 2024, listing on 18 Dec 2024.
- Current GMP is +₹160.0 (57.35%), an estimated listing price of ₹439 — unofficial and can change daily.
Mobikwik is a fintech company focused on digital payment solutions, with a significant user base and innovative products. The IPO aims to raise funds for growth and development, though it has faced profitability challenges in the past. Investors should carefully consider the associated risks and potential for listing gains.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Mobikwik IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 13 Dec 2024 — not a current signal.
14 of 20 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Mobikwik IPO Grey Market Premium (GMP) Today
GMP
+₹160.0
GMP %
+57.35%
Est. Listing
₹439.0
Updated: 25 Jul 2026 14:02
About the Company
Incorporated in March 2008, Mobikwik is a fintech company providing prepaid digital wallets and online payment services. The company provides a range of payment services, enabling consumers to: Pay utility bills, such as mobile recharges, electricity, and credit card bills Make purchases at both online and offline merchants, including retail stores and fuel stations Transfer money to phone numbers, UPI IDs, or bank accounts Check bank balances Scan QR codes and make payments using UPI or Rupay credit cards. The company has created innovative products such as MobiKwik ZIP, ZIP EMI for consumers, and Merchant Cash Advance for merchants through in-house models and strategic partnerships with lending partners. These offerings utilize digital public infrastructure (DPI) such as Aadhaar, E-Nach, Digi-Locker, and NSDL to provide seamless and digital-first experiences for consumers. As of June 30, 2024, the company has 161.03 million registered users and has enabled 4.26 million merchants to make and accept payments both online and offline. The product range of the company includes the following Online Checkout for E-commerce Merchants: Enables merchants to accept payments through all major modes, including UPI, wallets, cards, and pay-later options. Scan and Pay with Kwik QRs: This feature allows retail merchant partners to accept payments via UPI, wallets, cards, and pay-later options using QR codes. MobiKwik Vibe (Soundbox): A QR-enabled device that announces payment confirmations for merchants, enhancing the customer experience. MobiKwik EDC Machine: A point-of-sale terminal that allows merchants to accept all in-person payment modes, including credit cards, debit cards, and UPI. Merchant Cash Advance: A flagship credit product that provides accessible, affordable credit to merchants using the company's payment solutions for their business needs. MobiKwik ZIP is a flagship product that lets consumers buy now and pay later within 30 days, offering flexibility and easy repayment options. As of June 30, 2024, the company has 226 permanent employees in its technology function. As of December 2024, the company had obtained 19 registered trademarks and had applied for 11 trademark applications under the Trade Mark Act of 1999. Competitive Strengths: Empowering Journeys through the Company's legacy of providing a positive and sustainable consumer experience Efficient operational management of loan products distributed by them. The trust in their brand Technology and product first approach to business
Company Financials (₹ Cr)
As of 2024-06-30
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 908.10 | 854.65 | 714.33 | 836.13 |
| Total Income | 345.83 | 890.32 | 561.12 | 543.22 |
| Profit After Tax | -6.62 | 14.08 | -83.81 | -128.16 |
| NET Worth | 158.65 | 162.59 | 142.69 | 216.54 |
| Reserves and Surplus | 147.21 | 151.15 | 131.26 | 205.10 |
| Total Borrowing | 206.34 | 211.70 | 192.27 | 150.91 |
Key Ratios
EPS
₹2.46
NAV
₹28.43
RoNW
8.66%
P/B Value
9.81
P/E Ratio
113.32
Market Cap
₹2295.45 Cr
Debt/Equity
0.73
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| PayPal Holdings, Inc | 1570.97 | 20.17% | 22.17 | 308 | 307.2 |
| Affirm Holdings Inc | 702.64 | -18.95% | — | -133.6 | 133.6 |
| One 97 Communications Limited | 209.29 | -10.7% | — | -22.33 | -22.33 |
| One Mobikwik Systems Limited This IPO | 28.43 | 8.66% | — | 2.46 | 2.38 |
Promoters
Bipin Preet Singh, Upasana Rupkrishan Taku, Koshur Family Trust and Narinder Singh Family Trust
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding organic growth in the financial services business 150.00 2 Funding organic growth in the payment services business 135.00 3 Research and developmentin data, ML and AI and product and technolog 107.00 4 Capital expenditure for the payment devices business 70.29 5 General corporate purposes 68.24
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹561.12 Cr for the year ended 31 Mar 2023, increasing to ₹890.32 Cr by 31 Mar 2024. However, the most recent figure of ₹345.83 Cr as of 30 Jun 2024 is only for a 9-month period and is not directly comparable to the full year figures.
Profit Trend
Profit After Tax was a loss of ₹128.16 Cr for the year ended 31 Mar 2022, improving to a loss of ₹83.81 Cr by 31 Mar 2023, and then turning positive with a profit of ₹14.08 Cr for the year ended 31 Mar 2024. As of 30 Jun 2024, the company reported a loss of ₹6.62 Cr, which is not directly comparable as it is a 9-month figure.
Valuation
The IPO's implied P/E ratio is approximately 113.32, compared to peers like PayPal Holdings, Inc. trading at a P/E of 22.17 and One Mobikwik Systems Limited at a P/E of 11.5.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected premium of a stock over its issue price in the unofficial market before it is listed. A high GMP suggests strong demand and potential listing gains.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their growth potential and market conditions. It's important to consider the company's historical performance and future prospects.
Who May Want to Wait
Investors who prefer stable, established companies with consistent profitability might find this IPO less appealing due to its recent history of losses.
IPO Timeline, Explained
The IPO opens for subscription on December 11, 2024, and closes on December 13, 2024. Allotment of shares will be done by December 16, 2024, with the listing date set for December 18, 2024.
Listing Gains — The Risk
Listing-day gains can be unpredictable and influenced by market conditions, investor sentiment, and overall demand for the stock. Investors should be aware that high initial premiums do not guarantee sustained performance.
This evaluation is generated from Mobikwik's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Mobikwik IPO GMP today?
Mobikwik IPO GMP today is +₹160.0 (57.35%), indicating an estimated listing price of ₹439. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Mobikwik IPO?
The price band of Mobikwik IPO is ₹265.0–₹279.0 per share.
When does Mobikwik IPO open and close?
Mobikwik IPO opens on 11 December 2024 and closes on 13 December 2024.
When does Mobikwik IPO list on the stock exchange?
Mobikwik IPO listed on 18 December 2024 at ₹439.0.
What is the lot size for Mobikwik IPO?
The lot size for Mobikwik IPO is 53 shares, requiring a minimum investment of ₹14,787.
What is the price band for the Mobikwik IPO?
The price band for the Mobikwik IPO is ₹265 to ₹279.
What is the minimum investment required?
The minimum investment required is ₹14,787.
What is the lot size for the Mobikwik IPO?
The lot size is 53 shares.
When is the listing date for the Mobikwik IPO?
The listing date is December 18, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium of a stock over its issue price in the unofficial market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
11 Dec 2024
Close
13 Dec 2024
Allotment
16 Dec 2024
Listing
18 Dec 2024
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