The much-anticipated Mobikwik IPO is finally here, and it’s already making waves in the stock market. With strong investor demand right from the start, the ₹572 crore initial public offering (IPO) of the fintech giant has grabbed the attention of retail and institutional investors alike. Here’s everything you need to know about the Mobikwik IPO, including live updates, subscription status, GMP (Grey Market Premium), and expert reviews.

Mobikwik IPO Overview

• IPO Size: ₹572 crore
• Bidding Dates: December 11 to December 13
• Price Band: ₹185 to ₹200 per share
• Market Lot: 75 shares per lot
• Listing on: NSE and BSE

The Mobikwik IPO has been the talk of the town due to its affordable price band, strong brand name, and potential for growth in the Indian fintech space.

Mobikwik IPO Day 1 LIVE Updates

1. Mobikwik IPO Oversubscribed Within Hours

Mobikwik’s IPO witnessed overwhelming demand, with the issue being oversubscribed just hours after the bidding period began. Investors are flocking to grab a stake in this fast-growing fintech company.

2. Subscription Status at a Glance

• Retail Investor Category: 16x oversubscribed
• Qualified Institutional Buyers (QIBs): Subscribed 4x
• Non-Institutional Investors (NII): Subscribed 9x

This strong demand, especially from retail investors, signals robust confidence in the company’s future potential.

3. Grey Market Premium (GMP) Update

According to market insiders, the GMP for Mobikwik shares is hovering around ₹50, indicating a possible listing at a premium. This has further fueled the excitement around the IPO.

4. Expert Advice: Should You Invest in Mobikwik IPO?

• Gaurav Garg of Lemon Markets Desk says, “Mid to long-term investors may consider applying for Mobikwik IPO.”
• Geojit Financial Services believes the issue is “reasonably priced” and could provide decent returns for investors.

These recommendations suggest that Mobikwik may be a good bet for those with a long-term investment horizon.

Mobikwik Business Model & Revenue Streams

Mobikwik is a prominent player in India’s digital payments sector, providing services such as mobile wallets, BNPL (Buy Now, Pay Later), and digital credit. Its multi-faceted business model generates revenue through the following streams:

• Payment gateway fees: earnings from merchants for processing digital payments.
• BNPL (Buy Now, Pay Later): Interest and fees collected from users availing of short-term credit.
• Wallet Services: Commissions from wallet transactions.

These diversified revenue streams position Mobikwik as a formidable player in the highly competitive fintech space.

What Makes Mobikwik IPO Unique?

1. BNPL Growth Potential: The “Buy Now, Pay Later” market in India is expected to witness exponential growth in the coming years, with Mobikwik at the forefront.
2. Expanding User Base: Mobikwik boasts over 120 million users and 3 million merchants on its platform.
3. Earnings Potential: With fintech adoption on the rise, Mobikwik’s diversified revenue streams ensure sustainable growth.

Mobikwik Financial Performance

• Revenue (FY 2023): ₹540 crore
• EBITDA: Positive for the first time, signaling financial stability.
• Net Profit: The company is on track to achieve profitability in the near future.

With improving financials and increased user adoption, Mobikwik has positioned itself as a potential growth stock for investors.

How to Apply for Mobikwik IPO

1. Login to your Demat Account via brokers like Zerodha, Upstox, or Paytm Money.
2. Go to the IPO Section and search for “Mobikwik IPO.”
3. Enter Your Bid: Choose the lot size and bid amount (between ₹185 to ₹200 per share).
4. Complete UPI Payment: Authorize the payment using your UPI app.
5. Submit Your Application: Wait for the allotment date to check if you’ve been allotted shares.

Pro Tip: Apply within the first two days of the IPO period to increase your chances of allotting.

Mobikwik IPO Subscription Status (Live Data)

Category	Subscribed
Retail Investors	16x
QIBs	4x
NIIs	9x

With retail subscriptions crossing 16x on Day 1, it’s clear that Mobikwik has captured the attention of small investors.

Should You Apply for Mobikwik IPO?

Pros:
✅ Strong position in the booming fintech sector.
✅ Diversified revenue model (BNPL, payment gateway, wallet services).
✅ Positive growth trajectory with improving financials.

Cons:
❌ Heavy competition from rivals like Paytm and PhonePe.
❌ Profitability is still on the horizon.

If you have a long-term investment horizon, Mobikwik IPO could be a good fit. The fintech space is growing rapidly, and Mobikwik is poised to benefit from this trend.

Mobikwik IPO Grey Market Premium (GMP) Update

As of now, Mobikwik’s GMP is around ₹50. This indicates strong demand for the stock even before it lists on the NSE and BSE. The GMP often serves as a predictor of listing gains, and a premium of₹50 signals healthy returns for those lucky enough to receive an allotment.

Expert Reviews & Recommendations

• Gaurav Garg, Lemon Markets Desk: Recommends mid- to long-term investors to apply for the IPO.
• Geojit Financial Services: describes the issue as “reasonably priced” and highlights its potential for growth.
• Market Analysts: Predict strong listing gains, driven by retail and NII interest.

What’s Next for Mobikwik IPO?

With strong demand on Day 1, the remaining two days of bidding will likely see even greater activity. Given its strong financials and promising growth prospects, Mobikwik may emerge as one of the top-performing IPOs of 2024.

Conclusion

The Mobikwik IPO has made a splash on Day 1, with high subscription rates, solid grey market premiums, and rave reviews from analysts. As the subscription period continues, more investors are expected to jump on board. Whether you’re a retail investor or an institutional player, Mobikwik’s entry into the stock market is a chance to tap into India’s booming fintech sector.

If you’re looking for long-term growth, Mobikwik might just be the right investment opportunity. With BNPL, payment gateways, and mobile wallets all on the rise, this fintech powerhouse has positioned itself for sustained success.

FAQs

1. How can I apply for Mobikwik IPO?
To apply, log in to your Demat account (like Zerodha or Upstox), go to the IPO section, and submit your bid.

2. What is the price band for Mobikwik IPO?
The price band is set at ₹185 to ₹200 per share.

3. What is the GMP for Mobikwik IPO?
The GMP for Mobikwik shares is currently around₹50, indicating strong listing gains.

4. Will the Mobikwik IPO be a good investment?
Experts recommend the IPO for mid- to long-term investors due to the company’s strong financials and BNPL potential.

5. How many shares can I apply for in the Mobikwik IPO?
The lot size is 75 shares, and you can apply for multiple lots, depending on your budget.