Mobikwik IPO: It’s a matter of concern that an IPO (Initial Public Offering) i.e.’ Mobikwik’ is going to be launched today. It’s an important platform for merchants, landlords and traders to know how they can invest money in them and get big refunds in a short span of time.
The Mobikwik IPO opened today, December 11, 2024, and will close on December 13, 2024.
Basic information about Mobikwik:
Price Band: ₹265 to ₹279 per share
Issue Size: ₹572 crores (including 2.05 crore shares)
Lot Size: 53 shares
Listing: NSE and BSE
Why investor should invest –
1. Strong Growth in the Fintech Sector:
Mobikwik is a leading fintech player in India, offering digital wallets, UPI payments, Buy Now Pay Later (BNPL) services, and merchant solutions.
Revenue grew by 59% between FY23 and FY24, reflecting increasing adoption of its services.
2. Marketing potential and benefits:
India’s digital payments industry is expanding rapidly, driven by smartphone penetration and government initiatives promoting a cashless economy.
3. Innovative Offerings:
Products like Mobikwik ZIP (BNPL) and Merchant Cash Advance target both consumers and small businesses, providing diversified revenue streams.
4. Better Financial Performance:
Mobikwik serves 161 million users and 4.26 million merchants, with plans to expand further into rural areas.
5. Large Customer and Merchant Base:
Mobikwik serves 161 million users and 4.26 million merchants, with plans to expand further into rural areas.
The company’s profit after tax grew by 117% in FY24, indicating improving financial stability and potential for profitability.
Benefits of Investing in Mobikwik IPO:
Investing in the Mobikwik IPO provides an opportunity to tap into India’s leading digital economy and fintech growth.
Open Demat Account in Angelone – allowing many merchants, traders and investors to invest highly in it specially for fintech users.
Investors must open a demat account in Angel One to use Mobikwik or other IPO benefits that’s given below-
LINK 🔗 🖇️ –
Mobikwik IPO
