One mobikwik system ltd

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₹ 410

Sell

₹ 490

Overvalued

Company Overview

MobiKwik is one of the largest mobile wallets and Buy Now Pay Later (BNPL) players in India based on mobile wallet GMV and BNPL GMV, respectively during fiscal 2021. Started in 2009, MobiKwik expanded from digital wallet to online payment platform using UPI, to its 101 million registered users and 3 million e-commerce and billing partners. 

MobiKwik has four wholly-owned subsidiaries: Zaak e-Payment Services Pvt Ltd, Harvest Fintech Pvt Ltd, MobiKwik Credit Pvt Ltd, MobiKwik Finance Pvt Ltd.

Business Model

Mobikwik earns money from 3 major segments: 

1) Buy Now Pay Later (BNPL) segment– Revenue includes revenue from our BNPL offerings – MobiKwik Zip and Zip EMI and other credit products. MobiKwik Zip product primarily generates revenue in the form of (a) merchant fee collected from a merchant when a user pays with MobiKwik Zip on a merchant platform; (b) one time MobiKwik Zip activation fee collected from a user; and (c) late fees collected from those users who repay their MobiKwik Zip due amount after the due date. 

BNPL segment also includes revenue from insurtech, wealthtech and fintech products, platform services specifically designed to drive our credit business and amounts received from online promotions on such platforms. 

The BNPL segment constituted roughly 14% of the total income of the company during FY 2021.

2) Consumer Payments (MobiKwik Wallet) – Revenue includes merchant fee collected from a merchant when a user purchases goods or services on a merchant platform and pays via MobiKwik Wallet. Further, it also includes convenience fees collected from users under certain categories of services.

The consumer payments constituted roughly 50% of the total income of the company during FY 2021.

3) Payment gateway (Zaakpay) – Revenue includes merchant fee collected from online merchants (websites/apps) for enabling them to collect payments from their users using multiple payment options including debit and credit cards, wallets, unified payments interface (UPI) and net banking.

The payment gateway division constituted roughly 36% of the total income of the company during FY 2021.

As per its DRHP, MobiKwik claims to have 101 million registered users, total GMV of Rs 3128 crores, and customer acquisition cost of Rs 11.51 during FY 2021.

Registered Address

The registered office of the company is located at 5th Floor, HUDA city center, Metro Station, Sec-29, Gurugram, Haryana. 

SymbolONE Mobikwik Systems Ltd
Face Value₹ 2 each
ISININE0HLU01028
DEMAT StatusNSDL/CDSL
Lot Size50

Key Highlights

  • Digital Payment business has strong network effects leading to organic growth  across business verticals
  • MobiKwik has high percentage of engaged user base (10 crores registered users) with low CAC (₹ 11.51)
  • Founders have high stakes in business (34.52%).  
  • Backed by reputed institutional investors- Bajaj Finance, Sequoia Capital and Net1 Applied Technologies.

Financial Highlights

Particulars2020-212019-202018-19
Total Income (₹ Crores) 302.26369.85160.23
PAT (₹ Crores) -111.30-99.92147.98
Diluted EPS -22.18-20.45-31.01
Book Value per Share (₹) -3.60-6.31-0.33
Equity (₹ Crores) -20.01-30.85-1.58

Financial Charts

Historical Chart

Shareholding Pattern

Peer Comparison

CompanyMarket Cap (₹ Crores)Profitability Margin (%)ROCE (%)ROE (%)D/E RatioP/E RatioP/B RatioBook Value per Share (₹)
MOBIKWIK4308-39.74%488.54%437.64%-2.81-34.94-169.39-3.60
PAYTM50127-58.50%-18.88%-21.21%0.06-3.007.59366.63
PB FINTECH LTD3160415.40%1.19%0.64%0.000.0010.44188.04

Media Updates

Frequently Asked Questions

The buying and selling of unlisted shares and pre-IPO shares is fully legal and valid.

The procedure to buy the Mobikwik unlisted shares is fairly simple. Once you have settled on the price and quantity of the transaction, you would have to transfer the funds into the bank account of the seller. 

When the funds are transferred and transaction details are shared with the seller, your demat account will be credited with the shares either on the same day of the fund transfer or before the end of the next working day. 

In the secondary market, the transactions related to unlisted shares take place with the existing owners of the shares who are generally the employees or existing investors in the company. The company itself is not directly involved.

The Mobikwik shares will get credited either the same day or before the end of the next working day when you transfer the funds into our bank accoun

The minimum lot size varies on the basis of market conditions and demand and supply factors. To know the current lot size for Mobikwik unlisted shares, please visit the stock page on our website: www.delistedstocks.in  

There are many factors which influence the pricing of unlisted shares. Apart from the supply and demand factors, the latest transactions happened on the same stock, last funding round of the company, and valuation level of companies of the similar size affect the pricing of the unlisted shares. 

Before IPO, there is no restriction on sale and transfer of your Mobikwik unlisted shares. 

But once the shares are listed on the stock exchange, for retail investors, there is a minimum lock-in period 6 months after listing on the stock exchange.  

Once the selling price and quantity of shares is agreed with us, we will provide you with an UTR number to transfer the shares. Once you have transferred the shares into our company’s demat account, funds are released into your bank account within 24 hours or before the end of the next working day of the transfer of the shares. 

If your holding period is less than 2 years, then such income is treated as business income and liable to get taxed as per tax slab of the investor. 

If your holding period is more than 2 years, then your profits would be subject to long-term capital gains tax. The current short-term capital gain tax rate is 20% after indexation.

The trading in unlisted shares is governed by Securities & Contract (Regulation) Act, which comes under the preview of SEBI.  The SEBI regulations become applicable when the stocks of the company get listed on the stock exchange. There is a minimum lock-in period of 6 months for pre-IPO investors. 

The major risk associated with investing in unlisted stocks is the liquidity risk. The possible exit route for investors is either to sell to another investor or wait till the company gets listed on the stock exchange. 

Yes, NRI’s can also buy and sell Mobikwik unlisted shares just like domestic investors. But their investment is on a non-repatriable basis. 

 

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