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.
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