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RATING

RECOMMENDATION

Buy

Business Type

Emerging Leader

  • unlisted stock logo
    Mobikwik Unlisted Shares Essentials

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 unlisted share price.

ISIN

INE0HLU01028

Face Value

₹2.00

Total Share

2,00,99,880

Total Income

₹291.67 Cr

Profit After Tax

-₹107.67 Cr

Promoter Holding

99.50 %

EPS

-₹21.46

P/E

-62.91

P/B

-189.34

Market Capitalisation

₹2,713.48 Cr

Book Value

-₹7.13 Cr

Intrinsic Value

₹1,193.00

Sector

Financials

Sub-sector

Payment Infrastructure

Category

Pre IPO

Cashflow - Operations

-₹37.45 Cr

Cashflow - Financing

₹72.56 Cr

Mobikwik Growth

Compounded Sales Growth

  • -10.91%

    1 Year

  • 49.50%

    2 Year

  • 61.47%

    3 Year

Pro Only

Compounded Profit Growth

  • NA

    1 Year

  • NA

    2 Year

  • NA

    3 Year

Pro Only

Return On Equity

  • 1510.18%

    1 Year

  • -7419.11%

    2 Year

  • -173.26%

    3 Year

Pro Only

About Mobikwik

Overview: 

  • Mobikwik is one of the largest mobile wallets and Buy Now Pay Later (BNPL) players in India. 
  • Founded in 2009 by Bipin Preet Singh and Upasana Taku, the company commenced operations as a mobile wallet to make digital payments convenient for our users. The user 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 MobiKwik Wallet to bank payments.
  • The company has over 101 million Registered Users and more than 3 million ecommerce, physical retail and biller partners.
  • The bank has a strong presence in India with 30 Lakh plus active customer base.
  • On June 10, 2019, MobiKwik reported a 5 times year-on-year growth to Rs. 362 crores in the gross transaction value of the IMPS (Immediate Payment Service) fund transfer business. With 6.7 lakh transactions during May 2019, it is targeting Rs 10,000 crore worth of transfers, till the end of FY 2020. As per National Payments Corporation of India, MobiKwik has 26 percent share of the entire IMPS transfer market in India.


  • Mobikwik IPO Details

Mobikwik
Offer for Sale

₹ 400.00 Cr

Mobikwik
Fresh Issue

₹ 1500.00 Cr

Mobikwik
Total IPO Size

Cr

  • Mobikwik Funding

Funded By Funding Amount Date of Investment Funding Round
NDTV Limited, Trifecta Capital Advisors ₹ 8.74 Cr 17 Jul 2019 Venture
Sequoia Capital India ₹ 24 Cr 18 Dec 2018 Series E
Abu Dhabi Investment Authority (ADIA) ₹ 150 Cr 09 Jun 2021 Series G
Hindustan Media Venture ₹ 41.50 Cr 04 Nov 2020 Series E
  • Mobikwik Merger & Acquisition

Acquisition

MobiKwik has acquired Clearfunds on Oct 12, 2018From 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 Revenue Segmentation

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

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

The company assets include Computers, office equipment, furniture and fixtures, server & network equipment.

  • 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 that are used on computers and, increasingly, smartphones. Fintech, the word, is a combination of "financial technology".
  • It is expected that the Indian Fintech market, currently valued at $31 Bn, will 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 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.
  • 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

  • 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 Strengths

  • Mobikwik invested tremendously on their assets to increase their business with a year-on-year increase of 25.2%.
  • Mobikwik also has a cash pickup service where an agent will come to your house to collect cash, in order to load your wallet. This is currently only in Delhi, Gurgaon, Mumbai, and Jaipur, and the minimum amount is Rs. 100.
  • 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 utilize that to increase their asset base.

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 agent 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.      
  • Offer more banking services along with online payment options.

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

    Buy

  • Mobikwik Detail Info

Registered In

India

last Updated

19/08/2021

Registered Date

01/04/2009

Planify Ticker

OMS

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

Website: http://www.mobikwik.com