Mobikwik, one of India’s leading fintech companies, is launching its ₹572 crore Initial Public Offering (IPO) on December 11, 2024. The subscription period will close on December 13, 2024, giving investors three days to participate. Shares are priced within a ₹265-₹279 range, and each lot consists of 53 shares, requiring a minimum investment of ₹14,835.
Mobikwik, one of India’s leading fintech companies, is launching its ₹572 crore Initial Public Offering (IPO) on December 11, 2024. The subscription period will close on December 13, 2024, giving investors three days to participate. Shares are priced within a ₹265-₹279 range, and each lot consists of 53 shares, requiring a minimum investment of ₹14,835.
Overview: Mobikwik IPO Details
| Detail | Information |
|---|---|
| IPO Dates | December 11 to December 13, 2024 |
| Price Band | ₹265-₹279 per share |
| IPO Size | ₹572 crore |
| Lot Size | 53 shares (₹14,835 minimum investment) |
| Grey Market Premium (GMP) | ₹132 (Premium of 47.3% over the upper price band) |
| Market Capitalization | ₹2,295.45 crore |
| Financial Performance FY24 | 59% revenue growth, 117% PAT growth |
| Registrar | Link Intime India Private Limited |
| Lead Managers | SBI Capital Markets, DAM Capital Advisors |
| Listing Date | December 18, 2024 |
| Listing Exchanges | BSE and NSE |
Financial Performance
Mobikwik has demonstrated robust growth in FY24, reporting a 59% year-on-year revenue increase and a 117% surge in Profit After Tax (PAT). These impressive numbers underscore the company’s strong position in India’s growing fintech sector.
Analyst View
Analysts are optimistic about Mobikwik’s IPO, highlighting its innovative approach and expanding market reach. The grey market premium of ₹132 reflects investor confidence, making this IPO an attractive opportunity for those seeking exposure to the fintech industry.
Conclusion
With its impressive financial performance, robust growth, and strong investor sentiment, Mobikwik’s IPO presents a promising investment opportunity. However, investors should carefully evaluate the valuation and their risk appetite before participating.
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Disclaimer:
This article is for informational purposes only and does not constitute financial advice. Readers are advised to conduct their own research or consult a financial advisor before making investment decisions.