One MobiKwik Systems Limited IPO

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What does One MobiKwik Systems Limited do?

Incorporated in 2009, One MobiKwik Systems Limited, popularly known as MobiKwik is a platform business at its core, that has a two-sided payments network, consisting of consumers and merchants where the company provides access to various payment use cases as well as financial products in the digital credit, investments, and insurance verticals.

The company’s operations are divided into two distinct businesses: (i) Payments and (ii) Financial Services.

Payments Business: The following are the payment services products of the company (via UPI, MobiKwik Wallet, cards, and pay-later):

  • Recharge and Bill payments: Consumers can search for the relevant utility services and pay their bills, such as mobile recharges, electricity bills, Fastags, credit card bills, etc;
  • Payments at online e-commerce merchants;
  • Payments at offline Merchants like organized retail and fuel pumps; and
  • Transfer money to any other phone number, contact, UPI ID, or bank account. Consumers can also check their bank balance, scan QRs to pay others, or pay via bank or Rupay credit through UPI.

Financial Services Business: The following are the Digital Credit products of the company:

  • MobiKwik ZIP: Pay-later product with a 30-day interest-free credit line; and
  • ZIP EMI: Personal loan that is required to be repaid in installments.

The following are the investment products of the company:

  • Lens: Personal financial management using banking data;
  • Xtra: Alternative Investment product offered by their lending partner; and
  • Distribution of Mutual funds and Digital Gold

Financials of One MobiKwik Systems Limited IPO (₹ crores)

Financial Year Total Assets Total Revenue Profit After Tax EPS
March 31, 2021 423.14 302.26 (111.3) (22.18)
March 31, 2022 836.13 543.22 (128.16) (23.04)
March 31, 2023 714.33 561.12 (83.81) (14.66)

What is the issue size of the One MobiKwik Systems IPO?

Mobikwik IPO is issuing fresh equity worth Rs 700 crore.

How to apply to the One MobiKwik Systems Limited IPO?

You can apply for the One MobiKwik Systems Limited IPO using any supported UPI app by following two steps:

  • Enter your bid on Kite
  • Accept the UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

How to check the allotment status for the One MobiKwik Systems Limited IPO?

You can check the allotment status for the One MobiKwik Systems Limited IPO on the website of the Registrar and Transfer agent.