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Mobikwik - One Mobikwik Systems Limited
To be announced

Retail Investor can invest upto Rs 2,00,000 in IPO

About the Company

It is a fintech company - one of the largest mobile wallets (MobiKwik Wallet) and Buy Now Pay Later (“BNPL”) players in India, based on mobile wallet gross merchandise value (“GMV”) and BNPL GMV, respectively, in Fiscal 2021. According to the RedSeer Report, India’s online transacting users has rapidly grown at a CAGR of approximately 15% from 180 million in Fiscal 2018 to over 250 million in Fiscal 2021. However, India had only 30-35 million unique credit card users resulting in a low credit card penetration of 3.5% (of the total Indian population above the age of 15 years) compared to the world’s major economies, as of March 31, 2021. The company focused on addressing the unmet credit needs of these fast growing online transactors by combining the convenience of everyday mobile payments with the benefits of Buy Now Pay Later (BNPL).

Prospectus Document

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Dates

Offer End	:	-
Allotment Finalisation	:	-
Refund Initiation	:	-
Listing	:	-

How to Apply for IPOs on Paytm Money

Step 1
Once KYC is done, enter your bid details (quantity, price & no. of bids) and submit UPI ID.

Step 2
Accept the “Block Funds” request on UPI app

Step 3
If allotted, final amount will be debited otherwise, it will be unblocked.

The Bidding Process

Applying for an IPO is easier than ever with Paytm Money, in just a few clicks your application is processed. You can bid for any IPO through Paytm, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
The maximum subscription amount for retail investors is 2 lakh.
Any bid can be at a desired price or cut off price given by the company.

How to bid on App

Enter the number of shares you wish to buy, as per the lot size.
You can apply at the cut off price set by the company or bid for a desired amount within the price band.
Maximum three bids will be accepted.
You then need to enter the UPI ID on Paytm Money’s IPO application form.

Investing using UPI

You will immediately get a fund block request on your UPI for the submitted IPO application.
The funds will be blocked in your bank account until allotment when it is debited.
The limit for IPO application is Rs 2 lakh per transaction on UPI.
On allotment of the shares, the money will be automatically debited.
If the share aren’t allotted the blocked funds will reflect back into your account.