One Mobikwik Systems Limited IPO (Mobikwik IPO)

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i. Incorporated in 2009 with MobiKwik Wallet so that users could load money into a mobile wallet and use it to pay their utility bills in a single click. Over the years, its mobile wallet use cases have expanded to include, among others, eCommerce shopping, food delivery, petrol pumps, large retail chains, and pharmacies.

ii. Its large merchant network includes websites and mobile apps, where the MobiKwik Wallet is a payment option in the checkout as well as physical retail stores, where the MobiKwik Wallet is a QR code payment option at the point-of-sale (“POS”)/ cashier.

iii. The company has over 101.37 million Registered Users and more than 3.44 million e-commerce, physical retail, and biller partners.

Business segments : 
(i) BNPL (Buy Now Pay Later)
(ii) Consumer Payments (MobiKwik Wallet)
(iii) Payment Gateway (Zaakpay).

Objects of the One Mobikwik Systems Limited IPO (Mobikwik IPO):

The Offer comprises the Fresh Issue and the Offer for Sale. The Company proposes to utilize the Net Proceeds towards the following objects: 1. Funding organic growth initiatives 2. Funding inorganic growth 3. General corporate purposes.

One Mobikwik Systems Limited IPO (Mobikwik IPO) Details:

Face Value: ₹ 2 Per Equity Share
Issue Type: Book Built Issue
Issue Size: 1,900 Cr.
Listing At: NSE,BSE

Promoters And Management:

i. Bipin Preet Singh, is the Managing Director, Chief Executive Officer and Co-Founder of the Company. He holds a bachelor’s degree in technology, electrical engineering from Indian Institute of Technology, Delhi. He has been associated with the Company since the incorporation in 2008. He has 19 years of experience in engineering and financial services and was previously associated with Freescale Semiconductor (now NXP India Private Limited) as a Design Engineer, NVIDIA as Systems Architect, and Intel as Component Design Engineer. ii. Upasana Rupkrishan Taku, is the Whole-time Director, Chairperson, Chief Operating Officer and Co-Founder of the Company. She holds a bachelor’s degree in technology, industrial engineering from Punjab Technical University and a master’s degree in management science and engineering from Stanford University. She has been associated with the Company since 2010. She has 17 years of experience in financial services and payment industries and was previously associated with PayPal as Product Manager and HSBC as Business Analyst. iii. Chandan Joshi, is the Whole-time Director, Co-Founder and CEO Payments of the Company. He has been associated with the Company since 2018 and is currently responsible for building the Consumer Payments business. He holds a bachelor’s degree in technology, textile technology from Indian Institute of Technology, Delhi and a master’s degree in business administration, specialising in finance and general management from London Business School. He was the Founder & CEO of eCommerce logistics startup Paketts, which he successfully sold to Nuvo Logistics. He has previously worked with Nuvo Logistics, Credit Suisse and Futures First. He has 16 years of experience in financial services, trading and logistics.

Financials of One Mobikwik Systems Limited IPO (Mobikwik IPO):

Particulars (in Millions) Mar 21 Mar 20 Mar 19
Revenue from operations 2,885.71 3,556.75 1,484.75
Employee benefits expense 530 656.89 569.02
Impairment of goodwill 48.63
Other expenses 3,510 3,839.39 2,451.96
Operating Profit -1,155 -940 -1,536
OMP% 0 0 -1
Finance costs 71 107.14 78.21
Depreciation and amortisation 13.14 26.99 15.08
Other income 137 141.79 117.57
Loss before tax -1,102.63 -980.5 -1,511.95
Total tax expense 10 18.7 -32.22
Loss for the year -1,109.98 -991.65 -1,476.12
EPS -22.18 -20.45 -31.01

Registrar of One Mobikwik Systems Limited IPO (Mobikwik IPO):

  1. Link Intime India Private Limited

Company Address:

One Mobikwik Systems Limited 5 th Floor, HUDA City Centre, Metro Station, Sector 29, Gurugram, Gurgaon, Haryana, 122 001 Phone: +91 (124) 640 9190 Email: cs@mobikwik.com Websitehttps://www.mobikwik.com/

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