On the last day, Mobikwik Systems was subscribed 125.69 times overall, 141.78 times for a retail quota, 125.82 for QIB, and 114.7 for NII.
Details About Mobikwik Systems’s IPO
Mobikwik Systems got approval from SEBI for an IPO of ₹572 crores to raise funds and maintain financial stability. This IPO was a fresh issue of Mobikwik Systems crores. The face value of each share was Rs 2. Moreover, the company has set up a ₹265 to ₹279 per share. In this IPO, a total of 53 shares were available in 1 lot size for the minimum Retail category, and for the retail category 689 shares in 13 lot size maximum as well. S-HNI (Min) has a total of 742 shares in 14 lot sizes, while B-HNI(Max) has 3604 shares in 68 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹14,787.
- Retail investors’ (Max) investment of ₹1,92,231
- Small HNI (S-HNI): Minimum investment of ₹2,07,018
- Big HNI(B-HNI): maximum investment of ₹10,05,516
Subscription duration of Mobikwik Systems
Mobikwik Systems IPO Subscription started on December 11, 2024, and closed on December 13, 2024. The Mobikwik IPO allotment date was December 16, 2024, and they received a refund on December 17, 2024.
Funds Deployment of This IPO
- 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 Mobikwik Systems Company
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. Their motto is to become even more valuable to both new and existing customers by providing new products to their digital credit, investments, and insurance sectors. By constantly expanding their portfolio, they aim to provide various solutions for their customers while driving growth in profitability. Hence, their company made 94.78 million in profit for the past six months that ended on September 30, 2023.
Mobikwik Systems’s Financial Background
The company reported revenue of ₹875.00 crores in 2024 against ₹539.47 crores in 2023. The company reported a profit of ₹14.08 crores in 2024 against loss of ₹83.81 crores in 2023.
