RATING

RECOMMENDATION

Neutral

  • ROFR Required
  • Available in Depository:

  • NSDL

  • CDSL

  • Available for Investment:

  • Primary

  • Secondary

RATING

RECOMMENDATION

Neutral

Business Type

Emerging Leader

RATING

RECOMMENDATION

Neutral

Business Type

Emerging Leader

Discover and get a complete analysis on Mobikwik Pre IPO - Management, Business Model, Financials, Growth, Valuations, Funding Rounds, News and get latest updates on Mobikwik Financial Statements.


ISIN

INE0HLU01028

Face Value

₹2.00

Total Share

5,71,84,521

Total Income

₹543.22 Cr

Profit After Tax

-₹128.16 Cr

EPS

-₹23.04

P/E

-22.14

P/B

29.68

Market Capitalisation

₹2,916.41 Cr

Enterprise Value

₹2,690.34 Cr

Book Value

₹17.18

Earnings Yield

-4.52 %

Sector

Financials

Sub-sector

Payment Infrastructure

Category

Pre IPO

Cashflow - Operations

-₹320.59 Cr

Cashflow - Financing

₹329.42 Cr

Mobikwik Growth

Compounded Sales Growth

  • 82.47%

    1 Year

  • 21.67%

    2 Year

  • 52.50%

    3 Year

Pro Only

Compounded Profit Growth

  • NA

    1 Year

  • NA

    3 Year

Pro Only

Return On Equity

  • -130.43%

    2022

  • 437.64%

    2021

  • 616.23%

    2020

Pro Only

About Mobikwik

  • One MobiKwik Systems Limited, a fintech company, provides a mobile wallet to make digital payments convenient for our users in India. Its services include bill payments, eCommerce shopping, food delivery, petrol pumps, large retail chains, pharmacies, kirana stores, etc.
  • The company’s platform also enables peer-to-peer payments via unified payment interface (UPI), MobiKwik Wallet, as well as MobiKwik Wallet to bank payments. In addition, it offers Zaakpay that enables online websites and mobile apps to collect payments from their users using multiple payment options, including debit cards, credit cards, mobile wallets, UPI, and net banking; and MobiKwik Zip, a Buy Now Pay Later product, which enables to make payments for daily life use cases.
  • One MobiKwik Systems Limited was formerly known as One Mobikwik Systems Private Limited and changed its name to One MobiKwik Systems Limited in June 2021.
  • Company's user services expanded to include bill payments, ecommerce shopping, food delivery, petrol pumps, large retail chains, pharmacies, kirana stores, etc.
  • The company has over 101 million registered users and more than 3 million e-commerce, physical retail and biller partners. It has a strong presence in India with 30 Lakh plus active customer base.
  • The company was founded in 2009 by Bipin Preet Singh and Upasana Taku, and has registered office in Haryana. As per National Payments Corporation of India, in this short span of time MobiKwik has acquired 26% share of the entire IMPS transfer market in India.

  • Mobikwik IPO Details

Mobikwik filed its DRHP on 12th july'21 and was supposed to bring its IPO in Nov'21, but due to negative market sentiments company postponed its plans.

As per current information company is awaiting the final audit numbers for the quarter and will go public soon after that.

Mobikwik
Offer for Sale

₹ 400.00 Cr

Mobikwik
Fresh Issue

₹ 1500.00 Cr

Mobikwik
Total IPO Size

₹ 1900.00 Cr

  • Mobikwik Funding

Funded By Funding Amount Date of Investment Funding Round
Bennett, Coleman and Company Limited ₹ 100 Cr 07 Dec 2021 Equity
Abu Dhabi Investment Authority (ADIA) ₹ 150 Cr 09 Jun 2021 Series G
Amazon Pay (India) Private Limited; AU Small Finance Bank Limited (BSE:540611); Dhanlaxmi Bank Limited (BSE:532180); IDFC First Bank Limited (BSE:539437); India Post Payments Bank Limited; One Mobikwik Systems Private Limited (nka:One MobiKwik Systems Limited); PayU Payments Private Limited; PhonePe Private Limited; Pine Labs Private Limited; Standard Chartered Bank India Branches 81.64 Cr 26 Nov 2020 Private Eq
Hindustan Media Venture ₹ 41.50 Cr 04 Nov 2020 Series E
MK SPV IX ₹ 223 Cr 21 Mar 2020 Private Eq
Atma Securities Private Limited ₹ 10.61 Cr 20 Feb 2020 Private Eq
NDTV Limited, Trifecta Capital Advisors ₹ 8.74 Cr 17 Jul 2019 Venture
Sequoia Capital India ₹ 24 Cr 18 Dec 2018 Series E
Bajaj Finance Limited ₹ 225 Cr 08 Aug 2017 Private Eq
Bennett Coleman & Co. Ltd.; Cisco Investments; Global Payment Fund; GMO Venture Partners, Inc.; MediaTek Ventures; Sequoia Capital India Advisors Private Limited; Tree Line Advisors (Hong Kong) Ltd.; Tree Line Asia Master Fund (Singapore) Pvt Ltd. ₹ 338.60 Cr 09 Jan 2017 Private Eq
Net 1 UEPS Technologies, Inc. ₹ 102.20 Cr 30 Sep 2016 Private Eq
American Express Ventures; Cisco Investments; SVB India Finance Private Limited (nka:Innoven Capital India Private Limited); Sequoia Capital India Advisors Private Limited; Sequoia Capital India IV Ltd.; Tree Line Advisors (Hong Kong) Ltd.; Tree Line Asia Master Fund (Singapore) Pvt Ltd. ₹ 209.88 Cr 29 Dec 2015 Private Eq
Undisclosed ₹ 30.91 Cr 31 Dec 2013 Venture
  • Mobikwik Merger & Acquisition

Acquisition

  • MobiKwik acquired Clearfunds on Oct 12, 2018. From being a pure-play wallet player, Mobikwik, like its larger rival Paytm, has entered into different verticals such as digital lending, B2B payments, insurance. Founded in 2016, Clearfunds currently has $45 million assets under management (AUMs) and Mobikwik plans to invest $15 million into the new business over the next year.
  • One MobiKwik Systems Private Limited acquired Harvest Fintech Pvt Ltd on October 11, 2018. Post the acquisition, the founder and chief executive officer of Clearfunds, Kunal Bajaj, will lead MobiKwik''s wealth management business.
  • On July 16, 2021, Spark Fund Advisors LLP agreed to acquire a 0.69% stake in One Mobikwik Systems Limited from New Delhi Television Limited for approximately INR 130 million. As of July 16, 2021, Spark Fund Advisors has acquired 69,720 equity shares.

Investments

  • On June 17, 2018, Pivotchain Solutions announced that One MobiKwik Systems Private Limited has invested INR 20,000,000 in a venture round of funding.
  • Mobikwik Subsidiaries

  • Zaak EPayments Services Private limited
  • Mobikwik Finance Private limited
  • Mobikwik Credit Private limited
  • Harvest fintech Private limited

Mobikwik Business Model

  • Mobikwik 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. They are 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). It is a technology-first company operating in payments and financial services. We leverage big data analytics and deep data science (including machine learning) to continuously delight users and merchants on our platform.
  • Mobikwik Revenue Segmentation

  • Consumer payments
  • Buy now pay later
  • Payment gateway
  • Mobikwik Product & Services

  • Phone Recharge & DTH
  • Bill Payments
  • Shopping in Local Stores
  • Boost your finances with MobiKwik
  • Transfer money to Bank
  • Mobikwik Assets

As of Mar'22, the company owns Fixed assets worth Rs. 26.45 million.


AssetsAmount in Million.
Computers
Rs. 2.44
Office equipment
Rs. 0.39
Furniture and fixtures
Rs. 0.16
Server & Network Equipment 
Rs. 1.49



  • Mobikwik Industry Overview

Industry Statistics

  • Financial technology (Fintech) is used to describe new tech that seeks to improve and automate the delivery and use of financial services. ​​​At its core, fintech is utilized to help companies, business owners and consumers better manage their financial operations, processes, and lives by utilizing specialized software and algorithms.
  • The Indian Fintech ecosystem sees a wide range of subsegments including Payments, Lending, Wealth Technology (WealthTech), Personal Finance Management, Insurance Technology (InsurTech), Regulation Technology (RegTech) etc.
  • It is expected that the Indian Fintech market, currently valued at $31 Bn, may grow to $84 Bn by 2025, at a CAGR of 22%. The Fintech transaction value size is set to grow from US$ 66 Bn in 2019 to US$ 138 Bn in 2023, at a CAGR of 20%. 
  • The India mobile payments market was valued at $125.6 billion in 2019, and is projected to reach $1,384.0 billion by 2027, registering a CAGR of 35.0%. The mobile web payments segment was the highest revenue contributor with $65.3 billion in 2019, and is estimated to reach $638.6 billion by 2027, registering a CAGR of 33.0%, encouraging accelerated growth of Indian consumer internet market. 
  • The online transactor user base in India has been rapidly expanding, as a larger share of the population gets access to high speed 4G internet and gets comfortable with basic services such as recharges, bill payments. This has been facilitated further by the rapid growth in the mobile payment user base of India, which has been further enabled by the growth of payment instruments such as mobile wallets and unified payments interface. It is estimated that India may see the fastest growth in digital payment transaction value between 2019 to 2023 with a CAGR of 20.2%.
  • India’s mobile payment user base has grown to be the second largest in the world behind China. Rigorous investment in mobile payment. technology, large merchant ecosystem penetration created by mobile payment platforms and government initiatives on growth are all factors that are fuelling the growth of the mobile payment market in India and will continue to do so in the future. 

  • Mobile wallet transaction value was INR 1,520.65 Bn in FY 2021. It is expected to reach INR 16,065 Bn by FY 2027, expanding at aCAGR of 46.30% during the FY 2022 – FY 2027 period.
  • This industry is growing at a fast pace and their are many prominent players in the market, which include Paytm, PhonePe etc, but still there is huge growth opportunity.

Future Prospects

  • India’s fintech industry has shown a remarkable growth trajectory in recent times, having undergone a radical transformation. According to a recent report by Research and Markets, as of March 2020, India accounted for the highest fintech adoption rate, a whopping 87 per cent, out of all the emerging markets in the world, falling second only to China.
  •  Future of Fintech industry looks shinning and growing rapidly on the back of rise of start-ups in Fintech industry, penetration of smart phone users, continuous build-up of the digital infrastructure and over all streamlining of financial process in many industries. In a recent report, by Research and Markets, as of March 2020, India alongside China, accounted for the highest FinTech adoption rate 87%, out of all the emerging markets in the world. On the other hand, the global average adoption rate stood at 64%.
  • The report also states that “The FinTech market in India was valued at Rs 1,920.16 billion in 2019 and is expected to reach Rs 6,207.41 billion by 2025, expanding at a compound annual growth rate (CAGR) of approximately 22.7 percent during the 2020-2025 period.

Government Initiatives

  • In 2008, National Payments Corporation of India (NPCI) was set up as an umbrella organization for retail payment system. It is an initiative of RBI and Indian Banks Association (IBA) to create a robust payment and settlement infrastructure in India. In last 10 years, it has introduced various digital platforms and mode of payments such as UPI, RuPay, Aadhaar Enabled Payment System
  • Government of India through its multiple financial institutions has been aiming at creating a ‘cashless’ society. But this is a dream, which will take sometime to get fulfilled. On the other hand the technology officers of multiple companies will play a crucial role in adopting technology to drive efficiencies and growth, eventually leading to better profitability. The collaborations between tech innovators and financial institutions will go a long way in building the seamless eco-system benefitting all parties involved.
  • Bharat Interface for Money (BHIM) is an app that makes payment transactions simple, easy and quick using Unified Payments Interface (UPI). It enables direct bank to bank payments instantly and collect money using a Mobile number or Payment address. Bharat Interface for Money app is currently available on Android and it is downloadable from Google Playstore, for smart phones.

Mobikwik Awards & Achievements


Year
Awards and accreditations
2013 
  • MobiKwik was a finalist in the Vodafone appStar contest for mobile applications hosted by Vodafone.
2014
  • MobiKwik won the ‘m-business and commerce’ award at the 5th mBillionth South Asia Awards.
  • MobiKwik won the ‘Best Mobile Money Product’ award at the 5th India Digital Awards organized by Internet and Mobile Association of India.
2015
  • MobiKwik won the ‘Best Money Transfer Programme’ award at the India Digital Awards organized by Internet and Mobile Association of India.
  • MobiKwik was ranked in the top 10 brands in the ‘Delhi - NCR Brand Summit and Hot 50 brands’ by One India.
2016
  • MobiKwik co-founder, Bipin Preet Singh was featured in the ‘Fortune 40 under 40’ list of entrepreneurs in India.
2017
  • MobiKwik co-founder, Upasana Rupkrishan Taku was conferred the “Best Women Entrepreneur of the Year” award by The Associated Chambers of Commerce and Industry of India.
  • MobiKwik received the ‘Industry Award’ in the financial services (established) category at the AWS Mobility Awards 2017 by YourStory.
2018
  • MobiKwik was conferred the Amity Leadership Award for Business Excellence in the field of eCommerce payment systems in India.
  • MobiKwik co-founder, Upasana Rupkrishan Taku was felicitated by the President of India, as the first woman to lead a payments start-up.
  • MobiKwik co-founder, Bipin Preet Singh was featured in the Economic Times 40 under Forty list of India’s top business leaders.
  • MobiKwik, was awarded at the ET Iconic Brands of India Awards, as an ‘Icon of Indigenous Excellence’.
2019
  • MobiKwik co-founder, Upasana Rupkrishan Taku, was featured in Forbes Asia's Power Businesswomen list of 25 accomplished women shaping Asia’s business landscape.
  • MobiKwik co-founder, Upasana Rupkrishan Taku was named in the BW Businessworld 40 Under 40 Club.
2020
  • MobiKwik was featured in the ‘Fintech Fast 101’ list of fast growing fintech players in Asia/ Pacific, published by IDC Financial Insights.
  • MobiKwik co-founder, Upasana Taku was featured in the Kotak Wealth Hurun –Leading Wealthy Women List 2020 under 2 categories:

      i) ranked #12 in the richest self-made women list 

      ii) ranked #10 in the women founders list

Mobikwik Strengths

  • Mobikwik invested tremendously in their assets to increase their business with a y-o-y increase of 25.2%. 
  • Mobikwik has also started a cash pickup service where an agent will visit to collect cash, in order to load the wallet. This is currently only in Delhi, Gurgaon, Mumbai, and Jaipur. This service makes it user-friendly and offers ease of use to its customers.
  • Mobikwik has some prominent investors, recently it has closed an Rs150 crore funding round from Abu Dhabi Investment Authority, regulatory filings showed, valuing the digital payments startup at more than $700 million ahead of its public listing slated for later this year and they will utilize that to increase their asset base. It suggests the company is working towards its betterment and these investors make it more reliable.
  • The already high MobiKwik Zip user's repeat rate of 74.16% in FY20 further rose to 79.19% in FY21, although the activated MobiKwik Zip users grew multifold. This increasing in the repeat rate of customers every year is a positive sign for the growth of the company.

Mobikwik Shortcomings

  • The company does not provide any kind of security to the field agent so the local business person does not feel secure taking the agency ship of Mobikwik. 
  • From the previous 4-year company is in loss, they are improving but their expenses are far more than income. The company needs to work on better management of its expenses.

Mobikwik Opportunities

  • It is expected that by 2024 up to 4 billion users will have mobile wallets, a fairly significant growth compared to today’s 2.3 billion users. In addition, mobile money transactions are expected to reach $9 trillion per year by 2024.      
  • Offering more banking services along with online payment options.
  • Company can work towards educating customers for cashless transactions, which will boost their customer base.

Mobikwik Threats

  • Consumers still perceive that mobile wallet do not solve anything. They are still not informed of the benefits of using mobile wallets over using cash or credit cards. That is why most of them still use credit cards and debit cards for online payment and buying expensive items.
  • All mobile payment services need to abide by the legal requirements. This entails both the financial and consumer-based regulations. This can be a problem for new players who want to invest in a new market.
  • Mobikwik has some of the strongest peers in the industry like Paytm, My Mobile payments Ltd, Oxigen services India Pvt. Ltd and Phonepe.
Mobikwik Rating

  • RECOMMENDATION

    Neutral

  • Mobikwik Detail Info

Industry Statistics

PUBLIC LIMITED

Registered In

India

last Updated

12/09/2022

Registered Date

01/04/2009

Planify Ticker

OMS

Reg Office: 5th Floor, Huda City Centre Metro Station, Sector 29, Gurugram, Haryana 122001

Visit Website

Frequently Ask Questions

Mobikwik filed its DRHP on 12th july'21 and was supposed to bring its IPO in Nov'21, but due to negative market sentiments the company postponed its plans and now is expected to bring the ipo in FY23.

The face value of Mobikwik is Rs. 2

As of FY21 the company was in loss, but the 1st time in quarter 3 of FY22 the company has become profitable and is expected to bring more profits in future.

Upasana Rupkrishan Taku, Bajaj Finance Limited, Bipin Preet Singh, Sequoia Capital India Investments IV and Abu Dhabi Investment Authority etc.

Upasana Rupkrishan Taku and Bipin Preet Singh are co-founder of mobikwik.

In FY22 the company has become profitable after so long. MobiKwik has Zip users repeat rate of 74.16% in FY20 further rose to 79.19% in FY21, although the activated MobiKwik Zip users grew multifold. This increase in repeat rate of customers every year is a positive sign for growth of the company. Mobikwik also has some prominent investors.

The minimum holding period after the company has been listed is 6 months.

Total Loss of the company for FY21 is -₹111.30 Cr.

Please find below the procedure for buying stock_name_auto Unlisted Shares at Planify.
• 1. You confirm booking of stock_name_auto Unlisted Shares with us at a trading price.
• 2. You provide your client master report (ask the broker if not available) along with PAN Card and Cancelled Cheque in case you are not transferring funds from the bank account as mentioned in the CMR Copy. These are KYC documents required as per SEBI regulations.
• 3. We will provide the bank details.
• 4. You need to transfer funds in that account.
• 5. Payment has to be done in RTGS/NEFT/IMPS CHEQUE TRANSFER. No CASH DEPOSIT.
• 6. Payment has to be done from the same account in which shares are to be credited.
• 7. We will transfer the shares in 24 hours if funds are credited before 2 pm.
Important Note: Please note that the lock-in period for selling stock_name_auto Unlisted Shares is 6 months after listing. Hence you can’t sell stock_name_auto Unlisted Shares which you bought in Pre-IPO for 6 months after its listing. i.e. You can sell it only after 6 months calculated from the listing date.

Please find below the procedure for selling stock_name_auto Unlisted Shares at Planify.
• 1. We will confirm our buying price of stock_name_auto Unlisted Shares.
• 2. We will give you our client master report and you will transfer the stock_name_auto Unlisted Shares to our demat account.
• 3. We will ask for bank details of yours once the stock_name_auto Unlisted Shares are received in our demat account..
• 4. We will transfer the funds in your bank account within 24 hrs of receiving the stock_name_auto Unlisted Shares.
• 5. Payment will be made in RTGS / NEFT / CHEQUE TRANSFER/IMPS. No CASH DEPOSIT.
• 6. Payment will be given in the same account which is linked to demat account or you need to provide the cancelled cheque shows your name to verify. As per SEBI regulations, the transfer of funds in the third party account is not legal and our policy refrain us from doing so.
Note: The price at which we are buying the share is fixed for 3 days. If you cant sell your stock within 3 days, then the price of that day will be applicable when we receive shares in our demat.

Lock-in period of stock_name_auto Unlisted Shares depends upon category of investors.
• 1. Venture Capital Funds or Alternate Investment Fund of Category -I or II, or Foreign Venture Capital Investor - lock-in Period of 6 months from the date of acquisition of stock_name_auto Unlisted Shares.
• 2. Other Investors (include Retail, HNIs or Body Corporate) lock-in Period of 6 months from the date of listing of IPO of stock_name_auto Unlisted Shares.
This new SEBI rule was introduced in the month of August-2021, wherein the SEBI has reduced the lock-in period previously from 1 year to 6 months to encourage more and more funds to be invested in startups which are going to public or IPO in near future. Reduction of lock-in is seen as big step and after that many PMS funds are advising their clients to invest in Pre-IPO shares to get the benefit of early stage investment.

DIS - Delivery Instruction Slip is the way through which an investor can sell or transfer the stock_name_auto Unlisted Shares from his/her demat account to any other demat account. There are two Types of DIS Slip.
1. Offline-DIS - This is an offline mode of transfer of shares wherein the investors needs to fill DIS form and give it to their broker for transferring the shares. Following are the fields which are required to be filled.
• a. ISIN number of stock_name_auto Unlisted Shares.
• b. Name of stock_name_auto Unlisted Shares
• c. Quantity of stock_name_auto Unlisted Shares
• d. Cosideration Amount
• e. Target DP ID and Client ID
• f. Annexure
2. Online DIS - Some of the broker these days gives facility of transferring the stock_name_auto Unlisted Shares via online DIS. So, please check with your broker whether such facility is available or not. For example: Angel Broking proivdes the facility of Online-DIS from its platform. As an investor he/she simply needs to add a beneficiary into it and send the stock_name_auto Unlisted Shares by filling the details similar to Ofline-DIS.

In the last 4-5 years, the unlisted share market has become quite big and as a result of that, the ticket size has reduced from usual 5-10 Lac to 35-50k in today's scenario. Generally via our Planify platform, if somebody wants to buy Unlisted Shares then minimum investment would be 35-50k.To know about the minimum lot size of stock_name_auto, kindly click on this hyperlink - stock_name_auto.

Yes, buying and selling of unlisted shares in India is 100% legal.

If you sell your shares within 2 years, then you will have to pay Short-term Capital gain on unlisted shares. Short-Term Capital Gain is added in your Income. So, as per individual tax slab you need to pay capital gain tax.

If you sell your shares after 2 years, then you will have to pay Long-term Capital gain on unlisted shares LTCG is 20% with indexation benefits.

Taxes will remain the same irrespective of listing of shares, if bought in unlisted market. Actually, to be eligible for taxes as per listed market, one has to pay STT on buying and selling of shares. But, if you buy in unlisted and sell in listed market, one pay STT only on selling so, taxes of listed market will not be applicable.

If you buy stock_name_auto Unlisted Shares from Planify then these shares can checked in two ways. However, before we tell you the process of checking of shares, it is intimated that as per SEBI regulations, the shares can be transferred in demat account only.
Check credit of stock_name_auto Unlisted Shares Instantly?
• 1.You can download the NSDL or CDSL application from google play-store and check. If you want to check whether your stock broker is registered with NSDL or CDSL then check the following procedure.
• By carefully examining the number format of Demat Account we can easily identify whether the stock broker is registered with CDSL or NSDL.
• Demat Account = DP ID + Client ID. (16 Characters )
• "DP ID is the unique identification of the Broker. Every broker gets a unique number from CDSL or NSDL.By carefully examining the number format of Demat Account we can easily identify whether the stock broker is registered with CDSL or NSDL.
• Client ID is the unique identification of the Client. Every client gets this unique number which represents his/her portfolio.
• In CDSL, all these characters are numbers (1234567891234567) first 8 digits are DP ID and next 8 digits are Client Id whereas in NSDL the first two characters are letters which are in accordance with the country that you are from (IN12345678912345), then 6 unique digits for Broker and next 8 digits are client ID.
• Example:
• CDSL = 12345678(DP ID) and 91234567(Client ID).
• NSDL = IN123456 (DP ID) and 78912345(Client ID).
• Check in brokers application?
• Credit of stock_name_auto Unlisted Shares can be checked in brokers application as well but it takes T+2 days to show the shares.

The stock_name_auto Unlisted Shares are credited in demat account same day of transferring funds in our company's bank account.

The price of stock_name_auto Unlisted Shares can be checked in two ways. First, you can join our telegram channel where on daily basis we share the latest prices of all the unlisted shares in the morning and secondly, you can register on Planify.live platform to see the historical graphs and prices of all the shares at one place.

If you see the thesis of investment in the unlisted shares then it is being done mainly to take the advantage of IPO market. And, if the IPO plans of company get delayed due to market conditions or any other reason then demand suddenly drops in the market. The unlisted market works mainly on demand and supply and if there is no IPO news then getting exit would be difficult.

"Planify is India's fastest and leading marketplace to buy and sell unlisted shares. In the last 3 years, we have already served more than 1 million users on the platform. The total transactions value done from the platform is already more than 100 Crores. The name of our Co-founders Mr. Umesh Paliwal and Dinesh Gupta publish regularly in leading newspapers like MoneyControl, Business-Standard, ET etc for their views on IPO and Unlisted market. In the last 3 years, Planify has made a good name for itself in the industry and gained a trust of their users. So, the new investors should not be worried about any kind of fraud that is mostly happens with unkown brokers in the market while doing investment with Planify."

We at Planify do the valuation based on 2 methods.
• 1. We check the last funding that is being done in the stock_name_auto Unlisted Shares to ascertain the benchmark valuation.
• 2. If there is no funding happened in the company, then we try to find a business similar to stock_name_auto Unlisted Shares in the listed space and do comparison method to ascertain the valuation.
As an investor in the unlisted space, we would always recommend that you must check all the risk parameter carefully before investing in the unlisted space.

We source shares either from the employees or initial investors looking to liquidate their stock_name_auto Unlisted Shares.

Pre-IPO shares means which are planning for an IPO in near future. So, all the shares which are traded on the platform are not Pre-IPO Shares. However, if the company's business is going good and then demand will always be there in the unlisted space, so even if the IPO does not come, the investors can easily liquidate their stock_name_auto Unlisted Shares in the unlisted market itself.

Rules and regulations of SEBI are applicable in the Unlisted space like lock-in period of 6 months, paying of Stamp Duty, and DP Charges for every transaction etc. However, to become an unlisted broker there is no such regulation by SEBI as of yet.

For tracking news and other information about stock_name_auto Unlisted Shares, one can visit our website wherein we post news and other information on daily basis and one can also join our telegram channel.

Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of stock_name_auto Ltd unlisted share.

We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of stock_name_auto Ltd unlisted shares with us.

The financials of stock_name_auto Ltd which includes the P/L of stock_name_auto Ltd and the Balance Sheet of stock_name_auto Ltd is in the financials section.

The annual report of stock_name_auto Ltd is available in the annual report section.