MobiKwik IPO Details: Opening Date, Closing Date, Price

MobiKwik’s IPO will be worth Rs. 1900 crore, according to the DRHP filed with SEBI, and will include a fresh share offering worth up to Rs. 1500 crore. Additionally, promoters and some shareholders will make a Rs. 400 crore offer for sale in the IPO. With its planned IPO, the company hopes to achieve a valuation of $1 billion. Non-institutional and retail investors will receive 15% and 10% of the IPO shares, respectively. Qualified institutional buyers would receive 75% of the IPO shares.

MobiKwik IPO
MobiKwik IPO Details

MobiKwik IPO Details: Date, Price Band, Lot Size, Issue Size

Opening DateTo be announced
Close DateTo be announced
Price BandTo be announced
Lot SizeTo be announced
Issue Size (Rs. Cr.)(To be announced) Eq Shares of Rs. 2 (aggregating up to ₹1,900.00 Cr)
Face ValueRs. 2 Per Equity Share
Issue TypeBook Built Issue IPO
Exchange BoardBSE, NSE
Fresh Issue(To be announced) Eq Shares of Rs. 2 (aggregating up to ₹1,500.00 Cr)
Offer for Sale(To be announced) Eq Shares of Rs. 2 (aggregating up to ₹400.00 Cr)

About MobiKwik

Mobikwik, a technology-driven Fintech firm founded in 2009, is one of India’s largest mobile wallets (MobiKwik Wallet) and Buy Now Pay Later (BNPL) players.

By providing everyday mobile payments and the benefits of Buy Now Pay Later (BNPL) solutions, the company is focusing on India’s fast-growing online payments market. Mobikwik has approximately 101.37 million registered customers and over 3.44 million e-commerce, physical retail, and biller partners as of March 31, 2021.

In 2012, MobiKwik introduced a digital wallet system that allowed users to deposit money online for bill payments and other purposes. MobiKwik offers loan, accident, life, and fire insurance, as well as IMPS money transfer, credit card bill payment, mutual funds, and DTH recharge services. They also included the ability to send and receive money through a mobile app. MobiKwik partnered with GoDaddy and other multinational companies to help them comply with Indian payment standards, according to Express Computer in September 2014.

MobiKwik secured $5 million in Series a funding from an unknown US-based VC firm in 2013, following creator Singh’s original $250k seed investment. Series B rounds from Chinese investment firm Tree Line Asia and American firm Sequoia Capital raised an additional $31 million in 2015, with participation from US technology giant Cisco Systems and financial services company American Express. The company announced a $50 million Series C investment in May 2016, led by Japanese Internet provider GMO Internet and Taiwanese semiconductor firm MediaTek, with Sequoia and Treeline Asia as investors, bringing total funding to more than $80 million.

On June 19, 2017, Medianama stated that Mobikwik has verified to them that they had raised $150 million from unnamed investors at a valuation of $1 billion.

Bajaj Finance purchased a 10.83 percent stake in MobiKwik for 225 crores on August 3, 2017. In June 2021, the Abu Dhabi Investment Authority paid $20 million for a 2.7 percent share in MobiKwik.

MobiKwik submitted a draught red herring prospectus with the Securities and Exchange Board of India (SEBI) on July 21, 2021, in order to raise Rs. 1,900 crore (US$250 million) through an IPO (IPO). MobiKwik was valued at $1 billion in October 2021, according to the Economic Times, after a secondary employee stock ownership sale coordinated by former Blackstone India CEO Mathew Cyriac. MobiKwik gained SEBI permission in October and planned to conduct its first public offering on November 4th. The Economic Times reported on November 23, 2021, that the business was considering deferring its IPO until 2022 because it was having trouble recruiting overseas institutional investors at the targeted valuation.

Promoters of MobiKwik IPO

Promoters of MobiKwik IPO are Bipin Preet Singh, Upasana Rupkrishan Taku, Koshur Family Trust, and Narinder Singh Family Trust.

MobiKwik IPO Allotment and Listing Date

Basis of Allotment DateTo be announced
Initiation of RefundsTo be announced
The credit of Shares to Demat AccountTo be announced
FPO Listing DateTo be announced

Go Airlines IPO FAQs

What is Mobikwik IPO?

Mobikwik’s first public offering (IPO) would consist of (to be announced) equity shares with a face value of Rs 2 and a market capitalization of Rs 1,900.00 crore. The issuance will be priced between (to be determined) and (to be determined) per equity share. A minimum order quantity is required (to be announced).

The Mobikwik IPO open and close dates are currently unavailable.

The IPO’s registrant is Link Intime India Private Ltd. The shares will be listed on the BSE and NSE.

What are opening and closing dates for Mobikwik IPO?

The IPO dates for Mobikwik have yet to be revealed. Please return after some time has passed.

What is the lot size of Mobikwik IPO?

The Mobikwik IPO lot size and minimum order amount are currently unavailable. Please come back later to check.

How to apply for Mobikwik IPO?

Mobikwik IPO can be applied for online using either UPI or ASBA as a payment option. The ASBA IPO application can be found in your bank account’s net banking. Brokers who do not provide banking services provide the UPI IPO application.

What is allotment date for Mobikwik IPO?

The Mobikwik IPO’s Basis of Allotment will be finalised on (to be announced), and the assigned shares will be credited to your demat account by (to be announced).

When is Mobikwik IPO listing date?

Mobikwik’s initial public offering (IPO) date has yet to be announced. The tentative date for Mobikwik’s initial public offering (IPO) is (to be announced).

Who is the registrar of MobiKwik IPO?

Link Intime India Private Ltd is the registrar for this MobiKwik IPO.