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RATING

RECOMMENDATION

Neutral

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  • Available in Depository:

  • NSDL

  • CDSL

  • Available for Investment:

  • Primary

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RATING

RECOMMENDATION

Neutral

Business Type

Emerging Leader

  • Investment Checklist

Management

Accounting Practice

Profitability

Solvency

Growth

Valuation

Snapshot
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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

5,55,86,860

Total number of shares in financial year

FY  2022 5,71,84,521

Total Income

₹302.26 Cr

Profit After Tax

-₹111.30 Cr

EPS

-₹22.18

P/E

-28.18

P/B

-136.60

Market Capitalisation

₹3,474.18 Cr

Enterprise Value

₹3,344.90 Cr

Book Value

-₹4.58

Earnings Yield

-3.55 %

Sector

Financials

Sub-sector

Payment Infrastructure

Category

Pre IPO

Cashflow - Operations

-₹34.51 Cr

Cashflow - Financing

₹72.57 Cr

Mobikwik Growth

Compounded Sales Growth

  • -18.87%

    1 Year

  • 39.41%

    2 Year

Pro Only

Compounded Profit Growth

  • NA

    1 Year

  • NA

    2 Year

Pro Only

Return On Equity

  • 437.64%

    2021

  • 616.23%

    2020

Pro Only

About Mobikwik

  • Mobikwik is the largest Buy Now Pay Later (BNPL) fintech and one of the largest mobile wallets in India. 
  • Company's user services expanded to include bill payments, ecommerce shopping, food delivery, petrol pumps, large retail chains, pharmacies, kirana stores, etc.
  • Mobikwik platform also enables peer-to-peer payments via unified payment interface (“UPI”), MobiKwik Wallet as well as through MobiKwik Wallet to bank payments. They are focused on addressing the unmet credit needs of the fast-growing digitally paying users by combining the convenience of everyday mobile payments with the benefits of BNPL.
  • The company has over 101 million registered users and more than 3 million ecommerce, 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 accquired 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
Hindustan Media Venture ₹ 41.50 Cr 04 Nov 2020 Series E
NDTV Limited, Trifecta Capital Advisors ₹ 8.74 Cr 17 Jul 2019 Venture
Sequoia Capital India ₹ 24 Cr 18 Dec 2018 Series E

  • Mobikwik Merger & Acquisition

Acquisition

MobiKwik has 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.

  • 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'21, the company owns assets of worth Rs. 93.9 lakhs.

Company owns computer worth 68.3 lakhs.

Company has office equipment worth 4.3 lakhs.

Company possess furniture and fixtures of worth 0.6 lakhs.

Company owns Server & Network Equipment worth 35.7 lakhs.


  • 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. 
  • 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 on their assets to increase their business with a year-on-year increase of 25.2%. 
  • Mobikwik has also started cash pickup service where an agent will visit to collect cash, in order to load wallet. This is currently only in Delhi, Gurgaon, Mumbai, and Jaipur. This service makes it user friendly and offer ease of use to its customers.
  • Mobikwik has some prominent investors, recently it has closed a 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 company is working towards its betterment and these investors makes it more reliable.
  • The already high MobiKwik 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 increasing in repeat rate of customers every year is a positive sign for growth of the company.

Mobikwik Shortcomings

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

  • RECOMMENDATION

    Neutral

  • Mobikwik Detail Info

Industry Statistics

PUBLIC LIMITED

Registered In

India

last Updated

10/11/2021

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.
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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.

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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.
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• 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. So, via our Planify platform, if somebody wants to buy stock_name_auto Unlisted Shares then minimum investment would be 35-50k.

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Check credit of stock_name_auto Unlisted Shares Instantly?
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• Demat Account = DP ID + Client ID. (16 Characters )
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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.
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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.

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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.

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Management

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