One Mobikwik Systems Limited IPO

One Mobikwik Systems Limited, commonly known as Mobikwik, is an Indian digital payment service provider and fintech company. It was founded in 2009 by Bipin Preet Singh and Upasana Taku and is headquartered in Gurugram, Haryana.

Key Features and Offerings:

1. Digital Wallet: Mobikwik started as a mobile wallet allowing users to store money digitally and make payments for a variety of services like mobile recharges, utility bills, and online shopping.
2. Payment Gateway: Mobikwik provides a payment gateway service for businesses to accept payments through various methods, including credit/debit cards, UPI, and net banking.
3. BNPL (Buy Now, Pay Later): The company introduced a credit service allowing users to access short-term loans for purchases and payments, payable in installments.
4. Personal Loans: It also offers personal loans in collaboration with financial partners.
5. Investment Services: Users can invest in mutual funds, digital gold, and insurance products through the platform.
6. UPI Integration: The app supports Unified Payments Interface (UPI), enabling fast and secure peer-to-peer and peer-to-merchant transactions.

Business Model:

• Revenue Streams: Mobikwik earns through commissions on transactions, interest from credit services, and fees from businesses using its payment gateway.
• Merchant Network: It partners with a wide network of merchants across categories like food delivery, e-commerce, travel, and more.

Financials and IPO:

• Mobikwik has received funding from notable investors like Sequoia Capital, Bajaj Finance, and American Express.
• The company filed for an Initial Public Offering (IPO) in 2021 but deferred its plans amid market conditions. It intends to list on the stock exchanges in the future.

Challenges and Opportunities:

• Competition: It faces stiff competition from other fintech giants in India like Paytm, PhonePe, and Google Pay.
• Growth Potential: With the increasing adoption of digital payments and financial inclusion in India, Mobikwik has significant growth opportunities in the coming years.

One Mobikwik Systems Limited IPO Timetable

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One Mobikwik Systems Limited IPO Lot Size

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Company Financials:

Company Promoters:

Bipin Preet Singh, Upasana Rupkrishan Taku, Koshur Family Trust, and Narinder Singh Family Trust are the company’s promoters.

Objects of this Issue:

• The Company will not receive any proceeds of the Offer for Sale by the Promoter Selling Shareholder. The Promoter Selling Shareholder will be entitled to the entirety of proceeds of the Offer for Sale after deducting its portion of the Offer related expenses and the relevant taxes thereon.

Registrar & Company Details