One MobiKwik IPO Day 1[/caption]The highly anticipated initial public offering (IPO) of One Mobikwik Systems Limited has created a buzz in the fintech world. After a strong debut on Day 1, all eyes are on Mobikwik IPO Day 2, with analysts and investors keenly tracking the Grey Market Premium (GMP), subscription trends, and overall performance. Priced strategically between ₹265 and ₹279 per equity share, this ₹572 crore IPO has garnered significant attention. But is it worth your investment? Let’s dive into all the details to help you make an informed decision.
Mobikwik IPO Day 2 Overview
The IPO opened for subscription on December 11, 2024, and will remain active until December 13, 2024. With a lot size of 53 shares, investors have the chance to tap into this fintech company's growing influence in the digital payments sector.
What’s the GMP Today?
As of Day 2, the Mobikwik IPO GMP is holding steady at ₹136, reflecting strong demand in the grey market. This indicates positive market sentiment, but investors should still weigh this against the company's financial fundamentals before making a move.
Subscription Status: A Closer Look
By the end of Day 1, the Mobikwik IPO had already made waves, achieving a 7.32x overall subscription. Here's how the various segments performed:
- Retail Investors: Subscribed a staggering 26.75x
- Non-Institutional Investors (NII): Subscribed 8.98x
- Qualified Institutional Buyers (QIBs): Subscribed 0.02x
The Day 2 subscription numbers are expected to show further growth as institutional investors step up their game.
Mobikwik IPO Details
Price Band and Lot Size
The IPO price band is set at ₹265 to ₹279 per share, with each lot containing 53 shares. This affordable entry point has appealed to retail investors, evident in the Day 1 subscription figures.
IPO Size
The total size of the IPO is ₹572 crore, comprising entirely fresh equity issuance. The company plans to use these funds to expand its digital payment ecosystem, enhance AI-driven analytics, and strengthen its product portfolio.
Important Dates
- Opening Date: December 11, 2024
- Closing Date: December 13, 2024
- Allotment Date: December 14, 2024
- Listing Date: December 18, 2024
Registrar and Lead Managers
The IPO is managed by SBI Capital Markets and DAM Capital Advisors, with Link Intime India Private Limited serving as the official registrar.
Mobikwik IPO Day 2: GMP, Subscription Status, Review, Other Details. Apply or Not?
The Mobikwik IPO Day 2 performance is attracting mixed reviews. Analysts have pointed out the company's robust year-on-year (YoY) revenue growth of 59% and a 117% surge in Profit After Tax (PAT). However, high valuations—P/E of 113x—have left some investors cautious.
Expert Opinions
- VLA Ambala, Stock Market Today: “Given its strong financial management and moderate price band, this IPO is a good opportunity for investors.”
- BP Equities: “Despite high valuations, Mobikwik's market presence and improved financials make it a solid investment.”
- Swastika Investmart: “High-risk investors can consider this IPO for potential long-term gains.”
Financial Highlights
Metric | FY22 | FY24 | CAGR |
Revenue (₹ Mn) | 2,173 | 3,458 | 28% |
PAT (₹ Mn) | -65.79 | 140.79 | N/A |
EBITDA Margin (%) | -21.24 | 4.18 | N/A |
The company’s revenue growth trajectory, coupled with a sharp turnaround in profitability, underscores its potential for sustained growth.
How to Apply for Mobikwik IPO?
Step-by-Step Guide
- Open your Demat account on platforms like Zerodha, Upstox, or Groww.
- Navigate to the IPO section and select Mobikwik.
- Enter your bid details, including quantity and price.
- Confirm and submit your application.
Don’t forget to keep an eye on allotment announcements on December 14, 2024.
FAQs About Mobikwik IPO
1. What is the GMP for Mobikwik IPO Day 2?
The GMP for Day 2 stands at ₹136, indicating strong demand.
2. What is the subscription status for retail investors?
The retail portion has been subscribed 26.75x as of Day 1.
3. How can I apply for the Mobikwik IPO?
You can apply through your Demat account on platforms like Zerodha or Groww.
4. What is the allotment date?
The allotment date is December 14, 2024.
5. Should I invest in the Mobikwik IPO?
Experts recommend a "Subscribe" rating, but consider your risk tolerance.
6. When will the IPO list on stock exchanges?
The listing is scheduled for December 18, 2024, on BSE and NSE.
Conclusion
The Mobikwik IPO Day 2 has shown promising trends, with robust retail participation and a positive GMP. While the high valuation may deter some, the company’s financial turnaround and growth prospects make it a compelling option for investors with a medium-to-high risk appetite. Stay updated and make an informed decision.
Easy & quick
Leave A Comment?