One MobiKwik Systems Limited
- Minimum Investment₹14,045
- Price Range₹265 - ₹279
- Issue Size₹572.00 Cr
- Lot Size53 shares
Proceeds of this IPO to be used for
Expanding the core businesses of distribution of digital financial services and digital payments.
Strengthening the platform by investing in data, products, AI, and technology.
Strengths & Weaknesses of One MobiKwik Systems Limited
Monetisation
The company has strongly monetised the payments platform by deploying a cross-sell engine early in the consumer and business lifecycle compared to peers. As per the RedSeer Report, in Fiscal 2023, MobiKwik had one of the highest monetisation diversifications (ratio of payment revenue vs non-payment revenue) among digital payment platforms
Efficient operational management
The company's strengths lie in the adept management of operational costs for its digital credit products, evidenced by a consistent decline over the past three financial years. This has been accompanied simultaneously by a substantial surge in total credit disbursement
Technology and product-first approach
The company adopts a technology and product-first approach to business, powered by cloud-hosted transactional, data, and analytical platforms. The large transactional platforms are distributed by design, capable of handling high throughput, and use event-driven architecture to manage a large number of events.
High competition
The company faces substantial and increasingly intense competition in the fintech industry. If it is unable to compete effectively, its business, financial condition, results of operations, and prospects could be materially and adversely affected
Dependent on lending partners
The company's distribution of financial services products depends on its relationships with lending partners, and any failure to maintain such partnerships could adversely affect the business
Tight regulations
The company's operations are subject to regulation, oversight, and inspection by the RBI, and any adverse observations, proceedings, or notices from the RBI may affect its operations
Financials
Earnings Per Share
Balance Sheet
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Cash Flow
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About One MobiKwik Systems Limited
- PromoterBipin Preet Singh
- PromoterUpasana Rupkrishan Taku