|
Opening Date
|
To be announced
|
|
Closing Date
|
To be announced
|
|
Face Value
|
To be announced
|
|
IPO Price Band
|
To be announced
|
|
Minimum Order Quantity
|
To be announced
|
|
Issue Size
|
Rs 1,900.00 Crs
|
The month of October 2021 is here to hit the Indian Stock Market with a bang! With more than 6 IPOs lined up, investors are informed to be aware of every momentum that takes place. One of the 6 major IPOs that will be going live this month is - Mobikwik Ltd. So, let’s delve deep into understanding some key elements about the company!
Mobikwirk is a Fintech company which was incorporated in the year 2009. Ranked amongst one of the largest mobile wallets players in India, the company has operations divided into three segments viz -
Buy Now, Pay Later Module - This module consists of the MobiKwik Zip and Zip EMI, providing accessible and affordable small-ticket credit to middle-class Indians for routine payments as well as discretionary spending.
Consumer Payments - This segment consists of the mobile payments app - MobiKwik Wallet.
Payment Gateway - This segment includes the Zaakpay payment gateway software, an aggregator offering end-to-end payment solutions to online merchants.
- Mobikwik Ltd IPO details -
Let’s now move onto the main part of this article. Here, we’re going to be looking at some of the most important details of this upcoming IPO viz - Mobikwik Ltd IPO date and it’s share price.
According to the Red Herring Prospectus filed by the company, the public issue of the equity shares is yet to be declared, tentatively slated to go live around the last week of October 2021.
- Mobikwik Ltd IPO issue size -
The total issue size of the latest IPO of Mobikwik Ltd is expected to be around Rs 1900 crores. Out of this, the fresh issue is expected to be around Rs 1500 crores and the rest Rs 400 Crores will be an offer for sale.
- Mobikwik Ltd IPO share price
The price band of the company’s upcoming IPO is yet to be finalised and announced by the company.
Since the IPO of Mobikwik Ltd is from the mainboard, it would be listed on both - the National Stock Exchange (NSE) as well as the Bombay Stock Exchange (BSE)
- Mobikwik Ltd IPO objectives
According to the Red Herring Prospectus filed by the company, it aims to utilise the Net Proceeds towards the following objects:
- Funding organic growth initiatives;
- Funding inorganic growth; and
- General corporate purposes.
Conclusion
With so many new-age companies going live with their IPOs this month, you might be surely excited to experience how the Indian Stock Market will step into its new chapter. If you wish to become a part of this growing Indian Market, you will need to have an online demat and trading account, which will help you get shares of your favourite companies. To get an online DEMAT account for Free*, all you have to do is sign-up with Motilal Oswal and get started.
If you already have an existing account, you can start your online trading and invest in the upcoming IPO 2023.
With a plethora of companies coming forward with their own IPOs in quick succession, you can keep a track of all the upcoming IPOs by regularly following our IPO calendar.