Mobikwik IPO: 8 Key Highlights Investors Need to Know Before Buying 

Written By

Rajat N

Mobikwik IPO Launch

IPO opens Dec 11, closes Dec 13; fresh issue of 2.05 crore shares.

Investment Details

Aiming to raise ₹572 crore with shares priced at ₹265-₹279.

Financial Performance 

Mobikwik turned profitable in FY24 with a net profit of ₹14 crore. 

Market Share Insights 

Holds 24% of PPI wallet market, known for efficiency. 

How Funds Will Be Used 

Funds for growth in financial services, AI, and tech upgrades. 

Demand for Shares 

Over 119x subscription on last day, retail at 134x. 

Valuation Check 

Valued at 2.3x EV/Sales, competitive with peers. 

What to Watch Out For 

High competition; potential in digital payments growth.