Mobikwik IPO Date, Price & Review

One Mobikwik Systems Limited (Mobikwik) IPO 

Fintech company Mobikwik is one of India’s largest mobile wallets, and one of the largest Buy Now Pay Later (BNPL) players.  It was founded by Bipin Preet Singh and Upasana Taku in 2009.

Since then, it expanded and included various services like bill payments, eCommerce shopping, food delivery, petrol pumps, large retail chains, pharmacies, Kirana stores, etc. It also provides peer-to-peer payments via unified payment interface (UPI), MobiKwik Wallet, and MobiKwik Wallet to bank payments. Over the years, it has amassed over 101 million Registered Users and more than 3 million eCommerce, physical retail and biller partners.

In 2012 Mobikwik introduced its payment gateway subsidiary Zaakpay to further enhance the value proposition to online merchants. Zaakpay allows online websites and mobile apps to collect payments from their users using multiple payment options, comprising debit cards, credit cards, mobile wallets, UPI and net banking.

In May 2019, it launched MobiKwik Zip, their flagship BNPL product, focusing on the Indian middle-class population to allow them to make payments for their day to day activities. MobiKwik Zip is focused on providing this unserved Indian population with their first experience of credit. One can get a credit up to ₹30,000 at ZERO cost to shop, pay bills and much more, making it easier for the users to manage the cash crunch.

MobiKwik enables its users to pay & save on online transactions and provides wealth management and credit facilities. One can choose Mutual funds, Digital Gold, Instant Loans, Money Transfers, Pay later & more services.

With MobiKwik, one can invest in the right Mutual Fund starting at just ₹100, giving them the freedom to start small and build their investment portfolio with several investment options.

Qualitative factors

• Strong network effects benefiting end-users, retail merchants, lending institutions and other partners.
• Large and engaged user base with low CAC.
• Strong consumer brand recognised across India.
• Technology and product-first approach to business.

Objects of the offer

  • Funding organic growth initiatives.
  • Funding inorganic growth.
  • General corporate purposes.

Financials of Mobikwik

Parameter (₹ in million)FY21FY20FY19
Total Assets4,231.393,379.363,350.84
Total Income3,022.563,698.541,602.32
Total Expenses4,040.704,544.913,020.98


Mobikwik IPO Issue Details

Issue Open 
Issue TypeBook Built Issue IPO
Issue Size[.] equity shares of ₹ 2 (aggregating up to ₹ 1,900 Cr)
Fresh Issue[.] equity shares of ₹ 2 (aggregating up to ₹ 1,500 Cr)
Offer for Sale[.] equity shares of ₹ 2 (aggregating up to ₹ 400 Cr)
Face Value₹ 2 per equity share
Issue Price 
Market Lot 
Min Order Quantity 
Listing AtBSE, NSE
Allotment Date 
Listing Date 


Mobikwik IPO Bid Details

Sl No.

CategorySubscription Status
(No. of times)


Book Running Lead Managers
1. ICICI Securities Limited
2. BNP Paribas
3. Credit Suisse Securities (India) Private Limited
4. IIFL Securities Limited
5. Jefferies India Private Limited
Registrar to the Offer
Link Intime India Private Limited
C 101, 247 Park,
L.B.S. Marg, Vikhroli (West),
Mumbai 400 083
Maharashtra, India
Tel: +91 22 4918 6200
Investor grievance e-mail:
Contact person: Shanti Gopalkrishnan
SEBI Registration: INR000004058


Registered and Corporate Office: 5th Floor, HUDA City Centre, Metro Station, Sector 29, Gurugram, Gurgaon, Haryana, 122 001

Source: One Mobikwik Systems Limited DRHP

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