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MobiKwik IPO Details

Issue Date To be announced
Price Band To be announced
Lot Size To be announced
Issue Size To be announced
Listing At NSE, BSE
QIB Shares Offered To be announced
Retail Shares Offered To be announced
NII (HNI) Shares Offered To be announced
Lead Managers BNP Paribas, Credit Suisse Securities (India) Private Limited, ICICI Securities Limited, IIFL Securities Ltd, Jefferies India Private Limited
Minimum Investment To be announced

IPO Schedule:

Issue Period To be announced
Finalization of Allotment To be announced
Initiation of Refunds To be announced
Credit of Shares To be announced
Date of Listing To be announced
Mandate end date To be announced
Anchor Investors Lock-In End Date To be announced

About The Company:

Mobikwik is a technology-driven Fintech company that is among one of the largest mobile wallets (MobiKwik Wallet) and Buy Now Pay Later (BNPL) players in India. The business operations are divided into three major segments- BNPL, Consumer payments, and Payment gateway.

As of 31st March 2021, it has a user base of 101.34 million registered users and 3.4 million merchant partners (e-commerce, physical retail, and biller partners).

Strengths of the Company:

  • Strong network effects driving growth across business verticals
  • Large, engaged user base with low CAC
  • A strong consumer brand recognized across India
  • Technology and product first approach to business

Key Strategies:

  • Invest in data science, product and technology
  • Increase usage of BNPL in India
  • Increase digital payments in India
  • Continuous focus on profitable growth
  • Supplement Organic Growth with Strategic Acquisitions

How Do I Apply for MobiKwik IPO?

You can apply for Bajaj Energy Limited IPO through yourDemat & Trading Account using UPI ID by following the below two steps:

  • Visit Bajaj Securities App
  • Click Menu
  • Visit IPO/NCD
  • Enter your bid on Bajaj Securities App
  • Accept UPI mandate on your payment mode

Once acceptance of the mandate is done, the bid amount will get blocked in your bank account

Being a Bajaj Financial Securities Limited client, you have an edge as you can easily apply for MobiKwik IPO through BFSL Trading app using your UPI and also get IPO Funding* for up to 1 Crore.

Open Demat & Trading Account

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MobiQkik IPO FAQs

MobiKwik IPO is a main board IPO. The company has filed DRHP with SEBI. It is expected that the company will raise Rs. 1900 Crore via IPO. The offer includes a fresh issue worth Rs. 1500 Crore and an Offer-for-Sale (OFS) of shares up to Rs. 400 Crores.

The MobiKwik IPO open date is yet to be updated soon for QIB, NII, and Retail Investors.

The IPO maximum lot size is not yet finalized.

Mobikwik IPO listing date is not yet announced.

The retail investors will receive the IPO shares directly into their Demat account, once the allotment is done.

For MobiKwik IPO, the company has appointed ICICI Securities, IIFL Securities, Credit Suisse Securities (India) Private Limited, Jefferies India and BNP Paribas as the merchant banker.

Link Intime India Private Limited is the registrar of MobiKwik IPO.

Bajaj Finance, Tree Line, Sequoia Capital India and Amex and Cisco are the investors of MobiKwik.

MobiKwik IPO is to be listed on BSE & NSE.

Disclaimer: Investments in securities markets are subject to market risks, read all the related documents carefully before investing. No need to issue cheques by investors while subscribing to IPO. No worries for refund as the money remains in investors account. BFSL is not providing any research or investment advice and should not be construed as solicitation. Investor’s discretion is required before investing by their own informed choice or after consulting financial advisors. Reg Office: Bajaj Auto Limited Complex , Mumbai –Pune Road Akurdi Pune 411035. Corp. Office : Bajaj Financial Securities Ltd,1st Floor, Mantri IT Park, Tower B, Unit No 9, Viman Nagar, Pune, Maharashtra 411014.. SEBI Registration No.: INZ000218931 | BSE Cash/F&O (Member ID: 6706) | NSE Cash/F&O (Member ID: 90177) | DP registration No : IN-DP-418-2019 | CDSL DP No.: 12088600 | NSDL DP No. IN304300 | AMFI Registration No.: ARN – 163403. Website: https://www.bajajfinservsecurities.in/ Online Trading & Stock Broking in India | Bajaj Financial Securities Limited Bajaj Financial Securities - Open a Trading and Demat account and start investing, saving up to 99%** on brokerage charges.

*IPO Financing is done through Bajaj Finance Limited. Bajaj Finance Limited (BFL or Lender) reserves the sole right to decide participation in any IPO and financing to the client shall be subject to credit assessment done by the lender. Also, BFL shall have full rights to decide the commercial terms for IPO and final application and financing shall be subject to all requirements being met by the client in a timely manner including documentation, account setup and payment of required Interest and Margin. Bajaj Finance Limited also reserves the exclusive rights to change any of the above-mentioned terms and conditions without prior notice to clients. UPI is mandatory to bid in all IPOs through our platform. As per exchange guidelines, all the UPI mandates will only be accepted till 5:00 PM on IPO closure day.

Data Source - DRHP

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