Ahead of IPO, digital payments provider Mobikwik scouts for investor; eyes profit next fiscal
5 years, 6 months ago

Ahead of IPO, digital payments provider Mobikwik scouts for investor; eyes profit next fiscal

Firstpost  

Mobikwik, the 2009-incorporated company is planning to report its first quarterly profit in March, and will be profitable from a full year perspective from FY21 Mumbai: Digital payments provider Mobikwik is aiming to be profitable next fiscal and is looking to onboard an investor who will help it go public in the next three years, a top official has said. The 2009-incorporated company is planning to report its first quarterly profit in March, and will be profitable from a full year perspective from FY21. “We are looking for an investor who will help the company go for an initial public offering in three years,” co-founder and chief executive Bipin Preet Singh told PTI in Mumbai. Currently, Mobikwik sells policies of seven insurance companies and is targeting to sell 2 million policies across life, general and health space in FY20, he said, and stressed that it is not selling policies under any of the flagship government schemes.

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History of this topic

Mobikwik Q2 results: Firm posts loss of ₹3.5 crore vs profit YoY, revenue at ₹291 crore
2 days, 13 hours ago

Mobikwik Q2 results: Firm posts loss of ₹3.5 crore vs profit YoY, revenue at ₹291 crore

Live Mint  

MobiKwik, which recently went public, reported a net loss of ₹3.5 crore for the September 2024 quarter, a sharp contrast to the ₹5.2 crore profit recorded in the same period last year. Operational revenue for the second quarter surged by 43 per cent year-on-year, reaching ₹291 crore compared to ₹203 crore in the corresponding period of the previous financial year. …

Mobikwik share price surges 15%, hits record high: Shoud investors book profit?
2 weeks ago

Mobikwik share price surges 15%, hits record high: Shoud investors book profit?

India Today  

Shares of One Mobikwik Systems Ltd, the parent company of fintech giant Mobikwik, continued their strong upward trajectory for the third consecutive session, soaring 14.64% on Thursday to hit a record high of Rs 698.30 on the Bombay Stock Exchange. However, she cautioned that sustaining this growth would depend on Mobikwik’s ability to maintain profitability and navigate a competitive fintech …

MobiKwik Shares Surge 14%, Marking A Strong Second-Day Rally
3 weeks ago

MobiKwik Shares Surge 14%, Marking A Strong Second-Day Rally

ABP News  

Shares of One MobiKwik Systems surged 14 per cent in early trading on Thursday, reaching a high of Rs 605 on the BSE. The shares of MobiKwik debuted at Rs 442.25 on the BSE and Rs 440 on the NSE, reflecting a premium of 57.7 per cent. As of May 2024, MobiKwik has a 23.11 per cent market share in …

Quick Bucks! Mobikwik stock delivers multibagger returns to allottees in just two days of listing
3 weeks ago

Quick Bucks! Mobikwik stock delivers multibagger returns to allottees in just two days of listing

Live Mint  

Multibagger stock: Mobikwik share price extended its gains for a second straight day of listing, bucking the sluggish market trend. With today’s gains, the stock has risen by 116.8% from its issue price of ₹279, delivering multibagger returns to IPO allottees in just two days. The ₹572 crore public offer of Mobikwik garnered a whopping 125.69 times bids at the …

Mobikwik share price soars 90% on debut day. Should you stay invested or book listing gains?
3 weeks, 1 day ago

Mobikwik share price soars 90% on debut day. Should you stay invested or book listing gains?

Live Mint  

Mobikwik share price witnessed a strong stock market debut on Wednesday, December 18, defying weak market sentiment and surpassing grey market expectations for its listing price. Mobikwik share price opened at ₹442.25 on the BSE, up 58.5 per cent compared to the issue price of ₹279. Further, Pandya added that the company's total income stood at ₹3,458.29 million, demonstrating a …

Mobikwik share price debuts at a solid premium of nearly 60%
3 weeks, 1 day ago

Mobikwik share price debuts at a solid premium of nearly 60%

Live Mint  

Mobikwik IPO listing: Mobikwik share price made a solid debut in the Indian stock market on Wednesday, December 18. Track Mobikwik Share Price Live Updates Here The stock was listed above the grey market's expectations. Considering the IPO price of ₹279 and the latest GMP, Mobikwik's listing price was expected to be ₹439 per share, reflecting a premium of 57.35 …

Mobikwik shares make bumper debut: Should you book profit?
3 weeks, 1 day ago

Mobikwik shares make bumper debut: Should you book profit?

India Today  

Mobikwik shares made an impressive debut on the stock exchanges on Wednesday, listing at a premium of over 50%. The Mobikwik IPO was oversubscribed 119.38 times in total, with retail investors leading the way by subscribing 134.67 times. Shivani Nyati, Head of Wealth at Swastika Investmart Ltd, said that the company’s recent move towards profitability and the increasing adoption of …

MobiKwik’s IPO: Is this the start of something bigger?
3 weeks, 3 days ago

MobiKwik’s IPO: Is this the start of something bigger?

Live Mint  

MobiKwik’s initial public offering subscription is complete, and it’s all set to make its market debut soon. MobiKwik’s two pillars: Payments vs financial services MobiKwik’s business rests on two key pillars: its payments business and its financial services arm. It earns fees from merchants whenever users make purchases using MobiKwik’s wallet, UPI, MobiKwik-issued card, or even through buy-now-pay-later or EMI …

Mobikwik IPO listing: Does GMP suggest strong market debut amid heavy demand?
3 weeks, 6 days ago

Mobikwik IPO listing: Does GMP suggest strong market debut amid heavy demand?

India Today  

Today is the last day to bid for the initial public offering of Mobikwik IPO after it opened for subscription on Wednesday aiming to raise Rs 572 crore. Mobikwik IPO has seen very strong demand among investors and was fully booked within the first hour of opening for subscription. The Mobikwik IPO has been oversubscribed by 63.09 times, reflecting strong …

Mobikwik IPO subscribed fully in less than 90 minutes of opening
4 weeks ago

Mobikwik IPO subscribed fully in less than 90 minutes of opening

New Indian Express  

NEW DELHI: The initial oublic offer of fintech firm One Mobikwik Systems saw a strong participation from investors as the issue was fully subscribed in less than 90 minutes of opening on Wednesday. The Rs 8,000 crore IPO of supermarket chain Vishal Mega Mart saw 51% subscription at the end of the first day of bidding. The company already raised …

One MobiKwik Systems IPO subscribed 7.3 times on first day of offer
4 weeks, 1 day ago

One MobiKwik Systems IPO subscribed 7.3 times on first day of offer

The Hindu  

The initial public offering of fintech company One MobiKwik Systems got subscribed 7.3 times, receiving an overwhelming response from retail investors, on the first day of sale on Wednesday. The Retail Individual Investors part got subscribed 26.71 times, while non-institutional investors category received 8.97 times subscription, and the quota for Qualified Institutional Buyers received a mere 2 per cent subscription. …

MobiKwik IPO subscribed 20.41 times on day 2 of issue, retail investors dominate with highest bids; Latest GMP here
4 weeks, 1 day ago

MobiKwik IPO subscribed 20.41 times on day 2 of issue, retail investors dominate with highest bids; Latest GMP here

Live Mint  

MobiKwik IPO: The mainboard initial public offering of One Mobikwik Systems Limited received an overwhelming response from investors within two days of subscription. One Mobikwik System Ltd has reserved not less than 75 per cent of the equity shares in the public issue for the qualified institutional buyers, not more than 15 per cent for non-institutional institutional investors, and not …

MobiKwik’s $67 million India IPO fully sold in first hour as retail investors rush in
4 weeks, 1 day ago

MobiKwik’s $67 million India IPO fully sold in first hour as retail investors rush in

Live Mint  

-Indian digital payments firm MobiKwik's 5.72 billion-rupee initial public offering was fully subscribed within the first hour of sale on Wednesday, as investors bet on strong growth prospects in India's booming online payments market. Retail investors placed bids for nearly five times the shares reserved for them, while the portion for non-institutional investors was fully sold, exchange data showed. India's …

Mobikwik IPO day 2: GMP, subscription status, review, other details. Apply or not?
4 weeks, 1 day ago

Mobikwik IPO day 2: GMP, subscription status, review, other details. Apply or not?

Live Mint  

Mobikwik IPO: The initial public offering of One Mobikwik Systems Limited hit the Indian primary market on Wednesday. The fintech company has fixed the Mobikwik IPO price band at ₹265 to ₹279 per equity share. 2] Mobikwik IPO price band: The fintech company has a fixed price band of the book build issue at ₹265 to ₹279 per equity share. …

MobiKwik IPO: Fintech major raises ₹257 crore from anchor investors ahead of subscription
4 weeks, 2 days ago

MobiKwik IPO: Fintech major raises ₹257 crore from anchor investors ahead of subscription

Live Mint  

MobiKwik IPO: One Mobikwik Systems Limited raised nearly ₹257 crore from anchor investors ahead of its IPO subscription opening for bidding tomorrow. MobiKwik Ltd allocated 92.26 lakh equity shares to 21 funds at ₹279 apiece in the anchor round, the upper end of the price band. MobiKwik IPO details MobiKwik Systems is poised to raise ₹572 crore through its IPO, …

Mobikwik IPO Opens Tomorrow: Check Key Dates, GMP, And Other Important Details Here
4 weeks, 2 days ago

Mobikwik IPO Opens Tomorrow: Check Key Dates, GMP, And Other Important Details Here

ABP News  

Mobikwik Systems Limited's initial public offering will open for subscription tomorrow, December 11, 2024. Mobikwik IPO Details Mobikwik IPO GMP Today: As per stock market observers, Mobikwik shares were trading at a grey market premium of Rs 132 on Tuesday. Mobikwik IPO Opening Date: The Mobikwik IPO will open for subscription from December 11 to 13, 2024. Mobikwik IPO Price …

Mobikwik seeks valuation of around $250 million, cuts issue size
1 month ago

Mobikwik seeks valuation of around $250 million, cuts issue size

Live Mint  

MobiKwik’s public offer will open for subscription on Wednesday with a price band of ₹265-279 per equity share, valuing the company at about ₹2,165 crore, a sharp discount to the valuation the company sought in its last attempt at the public listing back in 2021of ₹7,600 crore. The company, headed by husband-and-wife duo Bipin Preet Singh and Upasana Taku, has …

Swiggy Eyes $15 Billion Valuation For IPO, Aiming To Raise $1.2 Billion: Report
4 months, 2 weeks ago

Swiggy Eyes $15 Billion Valuation For IPO, Aiming To Raise $1.2 Billion: Report

ABP News  

Swiggy IPO: Indian food delivery giant Swiggy, backed by SoftBank, is gearing up for a major initial public offering, targeting a valuation of approximately $15 billion, sources privy to the matter told news agency Reuters. Zomato, Swiggy's main competitor, has seen its shares more than double since going public in 2021, with a market valuation now reaching $28 billion. According …

MobiKwik’s Upasana Taku: Taking the inclusive path
1 year, 2 months ago

MobiKwik’s Upasana Taku: Taking the inclusive path

Live Mint  

“I have realised from Day 1,” says Upasana Taku, co-founder of the fintech company MobiKwik, “that most people will try to pull entrepreneurs down. Today, MobiKwik has to contend, in the digital payments market, with heavy hitters like the Alibaba Group-backed Paytm, India’s largest mobile wallet provider, among others. “See, I don’t know why, but investors are always more worried …

MobiKwik turns unicorn ahead of IPO
3 years, 2 months ago

MobiKwik turns unicorn ahead of IPO

The Hindu  

IPO-bound fintech firm Mobikwik has turned unicorn after a recent secondary ESOP sale round led by former Blackstone India head Mathew Cyriac, sources aware of the development said on Tuesday. "The secondary round was led by ex-Blackstone India Head, Mathew Cyriac, who topped up his holding at almost double of his previous price," the sources said. The last valuation shared …

MobiKwik gets SEBI nod for ₹1,900 crore IPO
3 years, 3 months ago

MobiKwik gets SEBI nod for ₹1,900 crore IPO

The Hindu  

MobiKwik has received markets regulator SEBI's approval to launch an initial public offering, through which it plans to raise up to ₹1,900 crore. American Express Travel Related Services Company Inc, Bajaj Finance, Cisco Systems Pte Ltd, Sequoia Capital India Investment Holdings III, Sequoia Capital India Investments IV, Tree Line Asia Master Fund Pte Ltd, as well as the company's promoters …

Rs 3,500 Crore: What 3 Indian Startup Founders Each Get after Selling Company
3 years, 4 months ago

Rs 3,500 Crore: What 3 Indian Startup Founders Each Get after Selling Company

News 18  

The founder trio of the payment gateway, BillDesk, has just hit a gold mine as the fintech firm is being bought by Prosus, South African tech-giant Naspers’ investment firm. The two-decade-old company has the most significant number of business clients among payment gateways in India and looks after roughly 60 per cent of all billing transactions in the country. In …

From Zomato to Nykaa, Paytm, Oyo: Indian IPOs on track for a record year as startups soar
3 years, 4 months ago

From Zomato to Nykaa, Paytm, Oyo: Indian IPOs on track for a record year as startups soar

Live Mint  

The market for initial public offerings in India is turning into a feeding frenzy. If it reaches that level, the IPO would be the country’s largest debut ever, eclipsing the more than 150 billion rupees raised by state-owned Coal India Ltd. Flipkart, the Indian e-commerce giant controlled by Walmart Inc., is aiming for an IPO as soon as the fourth …

MobiKwik sees growth returning by Aug-Sep, to hire 100 people in FY21
4 years, 6 months ago

MobiKwik sees growth returning by Aug-Sep, to hire 100 people in FY21

India TV News  

Fintech major MobiKwik on Sunday said it expects to get back to growth trajectory around August-September as digital transactions pick up at offline retailers, and demand in categories like travel returns. However, there was a dip in April and May because of travel segment, and even e-commerce had restrictions," MobiKwik co-founder and COO Upasana Taku told PTI. We were looking …

MobiKwik targets Rs 1500 crore disbursement this fiscal
5 years, 1 month ago

MobiKwik targets Rs 1500 crore disbursement this fiscal

India TV News  

Digital payments company MobiKwik has witnessed strong growth in its lending business and aims to disburse loans worth Rs 1,500 crore in FY2020 through its platform. "We started our digital lending journey more than a year ago, and disbursed over 1,00,000 fully digital loans in September.We are well on track to disburse over Rs 1,500 crore across 1.2 million loans …

MobiKwik aims to clock Rs 500 crore revenue from its payment gateway business
5 years, 5 months ago

MobiKwik aims to clock Rs 500 crore revenue from its payment gateway business

India TV News  

Digital payments major MobiKwik on Sunday said it aims to facilitate USD 20 billion worth of transactions through its payments gateway business in the next 12-18 months, a vertical that has been profitable for the company since April this year. The company, which competes with the likes of BillDesk and PayU in this space, is also confident of registering Rs …

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