MOBIKWIK
Mobikwik is a fintech company founded in 2009, that provides a digital wallet (Mobikwik Wallet) and Buy Now Pay Later (BPNL). Customers can add their money to a Mobikwik wallet and later use them for payment. This platform encourages digital payment for users. The company was founded by Bipin Preet Singh and his wife Upasana Taku in 2009.
Their operation is divided into three segments:
- BNPL
- Phone-Based Payment System
- Payment Gateway
Company Financials (Consolidated)
Particulars | For the year/period (Rs. in millions) | |
Year | 2021 | 2020 |
Total Income | 3,022.56 | 3,698.54 |
Total Expenses | 4,125.19 | 4,679.04 |
Total Comprehensive income/loss for the financial year | 1,109.98 | 991.65 |
The company will be going to raise Rs.1900 crores via Initial public offerings that consist of Rs.1500 crores through the sale of primary shares and the remaining Rs.400 crores through secondary shares.
Mobikwik IPO Details
IPO open and Close | 2022 |
IPO Size | Approx Rs.1900 crores |
Fresh Issue | Approx Rs.1500 crores |
Offer for sale | Approx Rs.400 crores |
Face Value | Rs.2 equity per share |
Listing At | BSE, NSE |
Mobikwik IPO OBJECTIVES:
- Repay existing debt either fully or partially
- To achieve corporate objectives
- To achieve organic or inorganic growth prospects
