One Mobikwik Systems Limited IPO Details Issue Price, Date, News, Allotment Status, GMP, Link, Updates

One Mobikwik Systems Limited IPO Company Profile: 

Mobikwik Systems is a leading Indian digital payments and financial services company that offers a wide range of services through its mobile wallet and app. It enables users to store money digitally, make cashless payments for bill recharges, shopping, and services, and transfer money between users via peer-to-peer (P2P) transfers. Additionally, Mobikwik provides financial products like loans, insurance, and buy-now-pay-later (BNPL) options through its “Mobikwik Zip” service.

One Mobikwik Systems Limited IPO Details:

One Mobikwik Systems Limited IPO Strengths:

• The company offers a comprehensive range of services, including online merchant payments, money transfers, mobile recharges, bill payments, and more.
• The company’s registered user base has grown at a compound annual growth rate (CAGR) of 12.31%, increasing from 123.56 million as of March 31, 2022, to 155.84 million as of March 31, 2024. As of June 30, 2024, the total reached 161.03 million registered users. This growth has allowed them to keep the customer acquisition cost (CAC) per new registered user at a low ₹32.87 in Fiscal 2024.
• The company generated a revenue of ₹875 crores in FY24, marking a 62% increase compared to FY23. Additionally, the company became profitable in FY24, reporting a profit after tax (PAT) of ₹14.07 crores. For Q1 FY25 company had loss of Rs 6.61 crores.
• The company’s “XTRA” product is rapidly gaining popularity, enabling consumers to deposit their money, which is then lent to borrowers through an NBFC-P2P for fixed tenures. This product introduces a new and emerging asset class for investors, offering the opportunity to directly lend to retail borrowers via an RBI-registered NBFC-P2P.

One Mobikwik Systems Limited IPO Risk Factors:

• • The digital market is highly competitive, with the company facing strong competition from players like PhonePe, Paytm, Freecharge, Airtel Finance, and others.
  • The company experienced negative cash flow from operations in FY24, with a CFO of ₹-22.06 crores.

:

Trade AnyTime AnyWhere With Elite Empower Mobile App

 

One Mobikwik Systems Limited IPO Shareholding Pattern:

One Mobikwik Systems Limited IPO Outlook:

Mobikwik has established itself as a prominent player in the fintech space, demonstrating consistent growth in its top line and achieving profitability in FY24. The company aims to expand its product portfolio to drive further revenue growth and strengthen its position in the market. For FY24, Mobikwik reported an Earnings per Share (EPS) of ₹2.46. Based on this, the post-IPO Price-to-Earnings (P/E) ratio stands at ₹113/-. While in Q1FY25, company reported loss of Rs6.61 crores so the issue seems overpriced, the industry is also in same direction. The digital landscape industry is currently experiencing losses, with even market leader Paytm facing losses. However, the long-term prospects for this sector remain positive, as there is a growing shift towards digital payments driven by the increasing demand for convenience and the elimination of the need for physical cash. Given the industry’s future growth potential and the solid fundamentals of key players, we recommend that aggressive investors consider applying for the issue, with a focus on long-term gains and listing benefits.

One Mobikwik Systems Limited IPO FAQ: