Shares of Mobikwik IPO are going to be listed on BSE, NSE on 18 December. This book built issue of Rs 572 crore received an excellent response from investors and was subscribed 125.69 times in total. The retail category received the highest subscription of 141.78 times. The NII category received 114.7 times subscription and the QIB category received 125.82 times subscription.

According to market analysts, the Mobikwik IPO GMP in the unlisted market is Rs 165, which is 59.14 per cent higher than the cap price. Based on the GMP, the estimated listing price of Mobikwik IPO shares can be Rs 444 and investors can make huge profits. The price band of Mobikwik IPO was Rs 265-279 per share. However, GMP is just an indication and can change rapidly. It is

worth noting that the GMP of this issue was Rs 149 on the day it opened for subscription, which climbed to Rs 165 by the day of closing and has remained stable since then. This is also the highest GMP of this issue, as far as the minimum GMP is concerned, it was Rs 100.



Mobikwik operates a dual side payments platform, which serves over 161 million registered users and 4.26 million merchants by June 2024.

The company provides services in digital payments, credit and investment products. It has a 23.11% market share in the PPI wallet segment by gross transaction value as of May 2024, making it the largest wallet company in India. It provides prepaid digital wallet and online payment services.

The company offers a variety of payment services, such as mobile recharge, electricity and credit card bills, payment of utility bills, online and offline purchases, money transfer to phone numbers or UPI IDs or bank accounts, payment by scanning QR code, etc.

One MobiKwik Systems Limited's revenue grew by 59% and profit after tax (PAT) grew by 117% between the financial years ending March 31, 2024 and March 31, 2023. The company had a revenue of Rs 890.32 crore and profit after tax of Rs 14.08 crore in FY24.

The proceeds of the IPO are earmarked for funding growth in financial and payment services, research and development in AI and machine learning, and expansion of payment device infrastructure.

SBI Capital Markets Limited and DAM Capital Advisors Limited (formerly IDFC Securities Limited) are the book running lead managers to the MobiKwik IPO. Link Intime India Private Limited is the registrar to the issue.