MobiKwik IPO is open on 11 Dec and going to close on 13 Dec 2024. As per the current GMP, the IPO is likely to list in the NSE and BSE at a premium of nearly 45%. As per experts, the market is likely to grow at 21% CAGR till FY28. MobiKwik IPO GMP (grey market premium) Today, we can help you know the estimated listing price in the NSE and BSE.
In the market, there is very high competition and some top players are Google Pay, PhonePe, Paytm, etc. and MobiKwik has a low market share in some business fields. With the raised money, the company wants to invest in various functions of the company to stay and grow in the businesses.
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MobiKwik IPO GMP (Grey Market Premium)
As of 11 Dec 2024, MobiKwik IPO GMP (grey market premium) Today is trading at Rs. 136. As per the GMP, the estimated listing price of the IPO in NSE and BSE is Rs. 415 i.e. 48.75%.
| Date | Live IPO GMP | EST. Listing Gains | Price Band | IPO Size | Bidding Dates |
|---|---|---|---|---|---|
| 12 Dec 2024 (Today) | ₹156.0 | ₹435 (83.33%) | ₹265 – ₹279 | ₹572.0Cr | 11 Dec – 13 Dec 2024 |
Disclaimer: You should not completely rely on the IPO GMP as it is not an accurate indicator, and its trend may change rapidly anytime. Before applying for an IPO, you should check various things like Brokerage or Expert view, Subscription Levels or Status, Risks Involved, Financials, Industry and Market Conditions, Valuations, Company Fundamentals, Promoters and management, etc.
About MobiKwik
MobiKwik was founded in 2009. The company is engaged in various businesses like Payment solutions (UPI, Recharges, Digital Wallets, and more), Credit Products (Personal and Merchant loans, etc.), and many wealth products.
MobiKwik is almost available all over India as it covers more than 99% of the pin codes. MobiKwik has more than 161.03 million registered users where 70.88 million users KYC is completed. Also, it has 34.28 million pre-approved users (digital credits). There are 4.26 million merchant users as well.
MobiKwik IPO Details
MobiKwik IPO open on 11 Dec and closes on 13 Dec. The price band of the IPO is set to Rs. 265 to Rs. 279 per share. The issue size (fresh issue) is Rs. 572 Crores. The IPO allotment date of the IPO is Rs. 16 December and it will be listed in the NSE and BSE on 18 December.
| IPO Type | Mainboard |
| IPO Open Date | 11 Dec 2024 |
| IPO Close Date | 13 Dec 2024 |
| IPO Listing Date | 18 Dec 2024 |
| IPO Refund Date | 17 Dec 2024 |
| IPO Allotment Date | 16 Dec 2024 |
| IPO Demat Credit Date | 17 Dec 2024 |
| IPO Price Band | ₹265 to ₹279 Per Share |
| IPO Listing | NSE & BSE |
| Issue Size | Approx ₹572 Crores |
| Fresh Issue | Approx ₹572 Crores |
| Offer For Sale | Approx ₹NIL |
| NII Quota | Not More Than 15% |
| QIB Quota | Not More Than 75% |
| Retail Quota | Not More Than 10% |
| Prospectus | Click Here |
Profit & Loss
As of 12 Dec 2024, there is only 1 quarter profit and loss and 4 years of annual profit and loss data is available.
In the Jun 2024 quarter, the company reported sales of 342.27 and a net loss of Rs. 6.62 crores.
The annual profit and loss data of the company is available from March 2021 to March 2024. In March 2021 the company reported a net loss of Rs. 111 crore, In March 2022 net loss of Rs. 41.66 Crore, In March net loss of Rs. 27.24 crore, and In March 2024 net profit of Rs. 4.58 crore.
In short, in the past few years, the company made a huge loss but over the years the net loss of the company has been reduced. Finally, in March 2024 the company reported a net profit of Rs. 4.58 crores.
FAQs
As of 12 Dec 2024, the MobiKwik IPO GMP is at Rs. 156. It means the stock is likely to list in the market at a premium of Rs. 156 i.e. 83.33%. If the IPO lists as per the GMP, the investors are going to make huge returns.
On the company, there is a debt of Rs. 219 crores where the debt-to-equity is 1.38. It is a low-debt company.
But over the years the company made huge losses. Currently, there are 4 years of annual profit and loss data of the company available where it can be seen that the losses of the company are reducing. In March 2024 finally, the company made a net profit of Rs. 4.58 crores.
In March 2021, the company reported a net loss of Rs. 111 crore, a net loss of Rs. 41.66 Crore in March 2022, a net loss of Rs. 27.24 crore in March 2024, and a net profit of Rs. 4.58 crore in March 2024.
It depends on you. Do a complete analysis of the MobiKwik company and related companies as well. In some businesses, you may find that MobiKwik is doing well, but in other businesses, it is not doing well.
On the other side, MobiKwik IPO GMP is trading at a very high level which shows high demand for the IPO in the grey market.
Conclusion
MobiKwik is a low-debt company and it started making profits in March 2024 as per annual profit and loss. The company is involved in various businesses and provides many services and products. With the raised money from the IPO, the company is going to invest it in the company’s growth. Currently, MobiKwik IPO GMP (grey market premium) Today trading at Rs. 156 which means the stock can list in the NSE and BSE at Rs. 435, as per current GMP.