Listed
Mobikwik IPO
Laxmi Dental is an India-based full-integrated dental products company providing a wide gamut of customized crowns, clear aligners, thermoforming sheets, and products for pediatric dentistry. Revenues in FY 2023 ranked the firm as one of the two biggest dental laboratories in India. In addition to Indian customers, exports are made to more than 95 countries worldwide, and 300 cities of India are covered for distribution.
Min Investment
₹14787
Lot Size
53 Shares
Price Range
₹265.0-279.0
Issue Size (₹ Cr.)
₹572.00cr
IPO Type
Mainboard
Key Metrics
Face Value
₹ 2
GMP
Subscription
125.69x
EPS
₹ -3.22
P/E Ratio
51.73 x
RoNW
8.66%
ROE
%
Debt to Equity (₹ Cr.)
0.73
Timeline
IPO Opened18/12/2024Wednesday
IPO Closed19/12/2024Thursday
Allotted20/12/2024Friday
Refunded20/12/2024Friday
Listed21/12/2024Saturday
Strengths
- Strong Brand Recognition: Mobikwik is a trusted name in India's digital payment landscape.
- nnovative Products: Features like MobiKwik ZIP, MobiKwik BNPL and Merchant Cash Advance offer flexibility to consumers and merchants.
- Technology-Driven: The company uses digital public infrastructure (Aadhaar, Digi-Locker, NSDL) to enhance transaction speed and security.
- Large User Base: With 161 million users and 4.26 million merchants, Mobikwik has a vast network.
- Impressive Revenue Growth: Mobikwik saw a 59% revenue increase from FY2023 to FY2024.
Weaknesses
- Mobikwik has posted losses in recent years, and its path to profitability remains uncertain.
- Intense competition from Paytm, PhonePe, and Google Pay puts pressure on Mobikwik's market share.
- egulatory and compliance challenges could impact Mobikwik’s operations.
- Reliance on external funding could hinder growth if capital raising becomes difficult.
Financials
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 908.1 | 854.65 | 714.33 | 836.13 |
| Revenue (₹ Cr.) | 345.83 | 890.32 | 561.12 | 543.22 |
| PAT (₹ Cr.) | -6.62 | 14.08 | -83.81 | -128.16 |
| Net Worth (₹ Cr.) | 216.54 | 142.69 | 162.59 | 158.65 |
Subscription Details
Daily Bids Status
| Date | 11th Dec 2024 19:04 | 12th Dec 2024 19:04 | 14th Dec 2024 18:21 | ||
|---|---|---|---|---|---|
| QIB | 0.02x | 0.89x | 125.82x | ||
| NII | 9.48x | 31.75x | 114.70x | ||
| S-HNI | 14.37x | 43.45x | 124.71x | ||
| B-HNI | 7.04x | 25.90x | 109.70x | ||
| RII | 28.59x | 68.88x | 141.78x | ||
| Total | 7.80x | 21.67x | 125.69x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) | ||
|---|---|---|---|---|---|
| QIB | 61,50,538 | 77,38,42,188 | 21,590.20 | ||
| NII | 30,75,269 | 35,27,48,443 | 9,841.68 | ||
| Small NII | 10,25,089 | 12,78,35,470 | 3,566.61 | ||
| Big NII | 20,50,179 | 22,49,12,973 | 6,275.07 | ||
| RII | 20,50,179 | 29,06,74,313 | 8,109.81 | ||
| Total | 1,12,75,986 | 1,41,72,64,944 | 39,541.69 |
Company Details
- Unit 102, 1st Floor, Block-B, Pegasus One, Golf Course Road, Sector-53, Gurugram, 122 003
+91 1244903344
- ipo@mobikwik.com
- https://www.mobikwik.com/ir
Registrar Details
- Link Intime India Private Ltd
+91-22-4918 6270
- mobikwik.ipo@linkintime.co.in
- https://linkintime.co.in/initial_offer/public-issues.html
