MobiKwik IPO Opens Dec 11

6 Dec 2024 , 02:07 PM

Subscriptions for One Mobikwik Systems’ (MobiKwik) ₹572 crore IPO will go live on December 11 and run through December 13.

A price range of ₹265 to ₹279 per share has been established. On December 10, the anchor investor auction will be open for one day.

The first share sale is a brand-new offering of shares worth ₹572 crore. The offer-for-sale element is absent.

The funds obtained will be utilised to support the expansion of the payment and financial services industries. Beyond general corporate reasons, it will also be utilised for capital expenditures for the payment devices industry and investments in data, goods, technology, artificial intelligence, and machine learning (ML).

A minimum lot size of 53 shares, valued at ₹14,787, is available for an investor to bid on.

In FY24, the company reported revenue of ₹875 crore, a 62.19% increase over FY23’s revenue of ₹539.46 crore. In FY24, the net profit was ₹14.08 crore, while the net loss was ₹83.81 crore.

The issue’s registrar is Link Intime India, and its book-running lead managers are DAM Capital Advisors and SBI Capital Markets.

For feedback and suggestions, write to us at [e-mail]