Mobikwik IPO latest Updates 2021

Mobikwik

Mobikwik IPO updates – Mobikwik has so far only filed a DRHP of 1900 Cr rupees with the SEBI. Firstly, for those of you who don’t know what Mobikwik is let me give a brief introduction about the company and its operation.

It provides a payment gateway to businesses and it also provides a wallet to the end-user. MobiKwik claims that it not only enables its users to pay & save on online transactions but also takes care of wealth management & credit facilities for their users.

Angel Broking has also come up with an article where it has posted a small video and financials of Mobikwik IPO

Mobikwik fiancials

Mobikwik Competitors

Secondly, the company is into the business of Digital Payments. The competition is from giants like

If a new investor would like to invest in an IPO then the first requirement is a Demat Account. Alternatively, if an investor wants to invest or trade in equities even then a Demat account is required and we support these three brokers

Mobikwik IPO Shareholding pattern update

S.NOINVESTORPERCENTAGE
1Bipin Preet Singh – Promoter20.21%
2Upasana Taku – Promoter14.31%
3Sequoia Capital– Investor17.25%
4Bajaj Finance – Investor13.86
5Net1 Applied Technologies – Investor10.79
6Bennett Coleman Company Times Group – Investor1.08
7Othes (Includes American Express)23.50
Mobikwik IPO updates

Now about the financials of the company. The company is making losses as it is in the growth trajectory. Moreover, the losses are on the rise lets check this video below.

As per economic times article – “For the year ended March 31, Mobikwik’s total income was down 18% to Rs 302.2 crore while losses widened to Rs 111.3 crore, the DRHP showed. The firm reported a loss of Rs 84.6 crore and Rs 141.8 crore, respectively, in FY20 and FY19. “

Dates for the Mobikiwk IPO

So for only the DRHP has been filed as and when the dates are announced we will be publishing them on this blog therefore till then stay tuned. We have tried to highlight the competition, financials and investors invested in the company. The video also has a slide wherein we have shown the Issue size – 1900 Cr, Primary market – 1500 Cr and Secondary market – 400 Cr. So far whatever Mobikwik IPO Updates are there we have shared. Now it’s up to you to decide whether you would want to place your bets for the listing gains or not.

Thanking you for giving it your time!

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