IPO Size

`1900 Cr

Price Band


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Face Value


Employee Discount


Retail Allocation


Issue Open Date


Issue Close Date


Listing Date


About the Company:

One Mobikwik Systems Ltd. is a fintech company - one of the largest mobile wallets (MobiKwik Wallet) and Buy Now Pay Later players in India, based on mobile wallet gross merchandise value in FY 2021. The payment gateway platform leverage big data analytics and deep data science (including machine learning) to continuously delight users and merchants. The company commenced operations in 2009 with the MobiKwik Wallet so that users could load money into a mobile wallet and use it to pay their utility bills in a single click. In May 2019, the firm launched MobiKwik Zip, a flagship BNPL product, with a focus on the Indian middle-class population to enable them to make payments for daily life use cases.

Outstanding Litigation:

S.No. 1 - Company 2 - Promoters 3 - Directors
Entity Name By the Company Against the Company By the Promoters Against the Promoters By the Subsidiaries Against the Subsidiaries
Criminal cases 1 - - 2 1 2
Material civil cases - 5 - - - -
Taxation matters - 7 - - - -
Regulatory Procedings - 2 - - - -
Amt. (In Million Rs.) 91.34 195.26 - 0.12 0.15 0.12


Financial Statements:

Income Statement (In Millions) FY21 FY20 FY19
Gross Operating Income 3022.56 3698.54 1602.32
Cost of Employee & Inventory 530.31 656.89 569.02
Other Expenses 3510.39 3888.02 2451.96
EBITDA -1018.14 -846.37 -1418.66
Depreciation 71.35 107.14 78.21
Interest  13.14 26.99 15.08
Profit Before Tax -1102.63 -980.5 -1511.95
 Tax 10.37 18.7 -32.22
Profit After Tax -1113 -999.2 -1479.73

Promoter of the Company

The promoters of the company are Bipin Preet Singh and Upasana Taku.

Peer Comparison

There is no listed peer of the company while the unlisted players are Paytm, Freecharge, PhonePe, Google Pay and Amazon Pay.

Objectives of the Issue

Offer for Sale

The object of the Offer for Sale is to allow the shareholders to sell an aggregate of Rs. 400 crores worth of equity Shares held by them. Selling investors are: American Express Travel Related Service Company, Bajaj Finance, Bipin Preet Singh, Cisco Systems, Sequoia Capital, Tree Line Asia Fund and Upasana Taku.

Fresh Issue

The payment solutions platform has planned to raise fresh capital aggregating up to Rs. 1,500 Cr. The net proceeds from fresh issue will be utilized for funding organic and inorganic growth.

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