Mobikwik Systems, a company based in Gurgaon, is launching its IPO. The IPO will open on 11th December and will be available to retail investors until 13th December.
This means investors have 3 days to apply for shares. The company has announced the price range for the IPO as Rs 265 to Rs 279 per share.
Financial Performance of Mobikwik
Mobikwik has had a strong financial year in 2024, reporting a profit of Rs 14.08 crore. This marks a turnaround for the company, which had posted losses for 15 consecutive years.
In the previous financial year (2023), Mobikwik had suffered a loss of Rs 83.81 crore, despite earning Rs 540 crore in revenue.
However, in the most recent year, the company’s revenue grew significantly to Rs 875 crore.
SBI Capital Markets Limited and DM Capital Advisory Limited have been appointed as the book-running lead managers for the IPO.
Link Intime India Private Limited will act as the registrar. The company plans to list its shares on both the BSE and NSE.
Lot Size and Pricing
The lot size for the Mobikwik IPO has been set at 53 shares. Retail investors will need to invest Rs 14,787 for one lot.
The total size of the IPO is Rs 572 crore, with the company issuing 2.05 crore new shares. The IPO will have the following reservation:
1) 75% of the shares will be reserved for qualified institutional buyers.
2) 10% will be reserved for retail investors.
3) 15% will be reserved for non-institutional investors.
Company’s Financial Performance
Mobikwik had a strong financial year in 2024, earning a profit of Rs 14.08 crore.
This is a significant improvement compared to the previous year, when the company faced a loss of Rs 83.81 crore in FY 2023.
During that time, the company’s revenue was Rs 540 crore. However, in the last financial year, the revenue increased to Rs 875 crore.
SBI Capital Markets Limited and DM Capital Advisory Limited have been appointed as the lead managers for the IPO.
Link Intime India Private Limited will act as the registrar for the offering. The company plans to list its shares on both the BSE and NSE.
