MobiKwik IPO 2024: An Insightful Overview for Investors
PLEASE NOTE THAT THIS BLOG IS ABOUT AN UPCOMING IPO, SO THE DETAILS MAY CHANGE IN FUTURE, WE'LL BE UPDATING IT FREQUENTLY TO GIVE YOU THE MOST RECENT INFORMATION, BUT PLEASE DOUBLE CHECK THE INFORMATION PROVIDED TO AVOID MISTAKES WHILE MAKING DECISIONS!
⁓ TEAM FINOLOGIC
MobiKwik, one of India’s prominent digital payments and financial services platforms, has received approval from the Securities and Exchange Board of India (SEBI) to launch its much-awaited Initial Public Offering (IPO). The company aims to raise ₹700 crore through this IPO, marking its second attempt to go public after withdrawing its initial plan due to challenging market conditions.
This IPO presents an excellent opportunity for investors to dive into India’s growing fintech sector. With a strong user base and a diverse portfolio of financial products, MobiKwik is poised for future growth.
IPO Details
| Detail | Information |
|---|---|
| IPO Size | ₹700 crore |
| Type of Issue | Fresh issue of equity shares |
| Face Value | ₹2 per share |
| Promoters | Bipin Preet Singh, Upasana Taku, Narinder Singh Family Trust, Koshur Family Trust |
Reservation Details
| Category | Reservation Percentage |
|---|---|
| Qualified Institutional Buyers (QIB) | 75% |
| Non-Institutional Investors (NII) | 15% |
| Retail Investors | 10% |
Key Dates
| Event | Date |
|---|---|
| IPO Opening Date | To be announced |
| IPO Closing Date | To be announced |
| Basis of Allotment Date | To be announced |
| Listing Date | To be announced |
Financial Performance
| Financial Year | Total Income (₹ crore) | Net Profit (₹ crore) | Growth Rate (%) |
|---|---|---|---|
| FY 2023 | 560.76 | -83.81 | N/A |
| FY 2024 | 890.32 | 14.08 | 58.67% |
Grey Market Premium (GMP)
| Date | GMP (₹) |
|---|---|
| October 01, 2024 | To be determined |
| October 02, 2024 | To be determined |
| October 03, 2024 | To be determined |
IPO Prospectus
- I.P.O. RHP: Coming Soon…
- I.P.O. DRHP: Coming Soon…
- Stay Connected With SEBI…
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