Details of Mobikwik System IPO GMP
This IPO is opening on December 11, 2024, to December 13, 2024. Its grey market demand is outstanding, demonstrating that this IPO(Initial Public Offering) will be booming. As per the GMP data, it is Rs 120 higher on the upper price band ₹279.
This Mobikwik IPO GMP data shows that this IPO is in demand and its expected listing will give good returns means it has a chance that it will be opened with the handsome premium when it will list in the market.
IPO‘s details including issue size and price-band
The MobiKwik system IPO size is Approximately ₹572 Crores which is a fresh issue with a face value of Rs 2 each which means the IPO’s proceeds will go to the company’s works. This IPO’s price band is ₹265 to ₹279 per share. Wherein, the retail quota has been set at around 10%, QIB is 75%, and HNI is 15%. Moreover, it is listed on both stock exchanges BSE & NSE.
IPO duration and funds details
This IPO is going to open on 11 December 2024 and will be closed in 2024. December 16, 2024 investors will get allotment messages and non-allottees get updated for refunds on December 17, 2024, while listing gain will be on December 18, 2024.
The MobiKwik’s promoter and Lead manager’s
The promoters of the company are Bipin Preet Singh, Upasana Rupkrishan Taku, Koshur Family Trust, and Narinder Singh Family Trust. Conversely, DAM Capital Advisors Ltd is the merchant aka lead manager.
IPO Funds Deployment
- Funding growth in their financial services business
- Funding growth in their payment services business
- Investment in data, ML and AI, and product and technology
- Capital expenditure for our payment devices business
- General corporate purposes
About the company and financial report
Established in 2009 and founded by Bipin Preet Singh and Upasana Taku, MobiKwik is Revolutionizing the future of finance in India as the leading digital banking platform. MobiKwik brings a large range of financial products to both consumers and merchants. Whether it’s secure payments, quick digital credit, or investment opportunities, Mobikwik offers all. Mobikwik simplifies money management, making transactions faster, smarter, and more accessible than ever before. Furthermore, The company reported revenue of ₹539.47 crores in 2023 against ₹526.57 crore in 2022. The company reported a loss of ₹83.81 crores in 2023 against a loss of ₹128.16 crores in 2022.
