Mobikwik IPO Latest News: The shares of digital payment platform One MobiKwik Systems Limited (MobiKwik Systems) have made a strong entry in the stock market today on 18 December 2024. The company’s shares were listed on BSE at Rs 442.25, while the IPO price was Rs 279. In this sense, the stock has given 59 percent return to investors on its listing. The company’s IPO received a strong response from investors. The gray market premium remained high. This IPO was open for public subscription from 11 to 13 December 2024. The size of the IPO was around Rs 572 crore. The question is whether one should sell the shares after earning bumper profits or stay in them.
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Mobikwik IPO: Strong response received from investors
The IPO of MobiKwik Systems Limited was subscribed 125.69 times overall. In the IPO, 10 percent share was reserved for retail investors and it was filled 141.78 times overall. 15 percent of the IPO was reserved for non-institutional investors (NII) and it was subscribed 114.7 times overall. Whereas for Qualified Institutional Buyers (QIB), 75 percent of the share was reserved and it was filled 125.82 times overall.
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How is the company’s outlook?
Brokerage house Swastika Investmart says the company has demonstrated consistent growth in its revenues and has recently turned profitable after previous losses. The brokerage said the company operates in a highly competitive fintech environment, which could impact its future growth and market share.
Brokerage house Bajaj Broking says that the company is known for its digital payment solutions and Buy Now Pay Later product. The company aims to use the proceeds to expand its financial services, payment systems and data technology capabilities. Bajaj Broking says that MobiKwik’s diversification into financial products and its focus on the middle income segment can drive revenue and profits in the future.
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MobikWik Systems: Company Strengths
- Drive growth through the company’s legacy of providing positive and sustainable consumer experiences.
- Efficient operational management of loan products distributed by the company
- Increasing trust in brand
- Technology and product first approach to business
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IPO Key Risks: Major Risks
Security breaches and attacks against the Platform, and any potential breach or failure to otherwise protect personal, confidential and proprietary information, could harm the Company’s reputation. It may also adversely affect the company’s financial condition and results of operations.
There may be a question whether the company will be able to maintain the level of growth including the financial services business or not. There is no indication whether the company’s performance in the past will continue in the future or not. Also, it cannot be an indicator of future financial results.
(Disclaimer: The view or advice on the share is given by the brokerage house. These are not the personal views of Financial Express. There are risks in the market, so take expert opinion before investing.)
