Brokers usually take bids until: Zerodha 4:45 PM, Groww 4:50 PM, Angel One and Upstox 5:00 PM (HNI 4:00 PM). Check the exact time with your broker or bank.
Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Growth in financial services business
Funding the organic growth of the company's financial services offerings, including its digital credit products.
Growth in payment services business
Funding the organic growth of the company's core payments business.
Technology and data investment
Investment in data, machine learning, artificial intelligence, and product technology capabilities.
Capital expenditure for payment devices
Capital spending to expand the company's payment devices business.
General corporate purposes
The remaining fresh issue proceeds will be used for general corporate purposes.
No documents added yet.
(₹ in Crore)
Tap a bar to highlight a metric across periods and show its values.
No peer comparisons added yet.
One MobiKwik Systems Limited operates a digital financial services platform in India, offering prepaid digital wallets, UPI payments, bill and merchant payments, and buy-now-pay-later credit products through its subsidiaries. The platform also provides investment and insurance distribution services, positioning it as a broad consumer fintech provider rather than a single-product payments app. Founded in 2009 by Bipin Preet Singh and Upasana Taku, the company has built a large user base, reporting over 161 million registered users and more than 4.26 million merchants enabled to accept payments both online and offline as of mid-2024. Its digital credit and payment gross transaction volumes grew rapidly in the years leading up to the IPO, and the company returned to profitability in FY24 after reporting losses in the two preceding years. The business operates in a competitive Indian fintech landscape alongside other wallet, UPI, and lending-adjacent platforms, and has emphasized a lower-cost operating model as a driver of its recent shift to profitability. The IPO proceeds were earmarked mainly for expanding its financial services and payments businesses and for technology investment, rather than for existing shareholders to sell down their stake, since the offering was a pure fresh issue with no offer for sale.
The company raised approximately Rs 257.40 crore from anchor investors ahead of the issue opening, at the IPO's upper price band of Rs 279 per share.
Source: RHP • Analysis provided for informational purposes
Last Updated: 14 July 2026, 5:30 PM
Large and established user base
The platform has over 161 million registered users and more than 4.26 million merchants able to accept payments, giving it significant scale in the Indian digital payments market.
Diversified financial product suite
Beyond payments, the company offers digital credit, investment, and insurance distribution products, broadening its revenue base beyond transaction fees alone.
Strong growth in credit and payment volumes
Payment and digital credit transaction volumes have grown quickly in recent years, reflecting rising adoption of its lending-adjacent and wallet products.
Improving cost efficiency
A leaner operating model has been a key driver behind the company's recent shift from losses to profitability.
Intense competition
The company competes with a large number of established wallet, UPI, and fintech lending platforms in India.
Regulatory dependence
As a regulated financial services business, it remains exposed to changes in payments and lending regulations.
Credit risk exposure
Its growing reliance on digital credit products brings exposure to borrower defaults and asset quality risk.
MUFG Intime India Private Limited
No financial information whatsoever published anywhere, within this website, should be considered as an advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this website. The information on this website is based on information available as on date coupled with market perceptions.
You agree with the terms and conditions to use this website.
Grey-market disclaimer. GMP shown here is grey-market news only. We do not trade or deal in the grey market or subject-to rates, nor do we recommend trading in the grey market.
Not investment advice. IPO Nex is an information tool, not investment advice. We do not recommend buying or selling any securities. Always do your own research before applying to any IPO.
IPO Nex does not guarantee any listing gain or return. IPO investments are subject to market risks.
All times are IST.
© 2026 IPO Nex by Niota. All rights reserved.
Execution risk from rapid scaling
Expanding the platform and product suite quickly could create operational and scalability challenges.