You have come to the right place to learn about Mobikwik’s share price IPO and invest in one of the best-unlisted shares. Mobikwik’s unlisted share price nosedived from its high of around Rs. 1,000 in 2021 after the withdrawal of its IPO then because of weaker market conditions. Now, SEBI is approving its IPO at Rs.700 crores, less than 63% of its 2021 plan of Rs. 1,900 crores. MobiKwik, the innovative payment platform from 2009 with over 146 million users, will use most of the money inflow for business development. SBI Capital Markets, among others, will be the lead book-running managers for the upcoming Mobikwik IPO to list on both the NSE and BSE.
Continue reading the blog until the end to learn all about Mobikwik’s share price IPO and why you should buy Mobikwik’s unlisted share price at the current levels to reap huge profits.
 What is Mobikwik?
 The credit card market and utilisation by people in India were less for many reasons, and most deserving people could not use it to purchase various products. Hence, to help such people, Mobikwik was the first technology company to offer financial services apart from payments. The fintech firm has a two-sided payment network for merchants and consumers and many payment use cases and financial products in insurance, investment, digital credit, and other such verticals. Mobikwik wallets are a famous way of paying for many online services easily, quickly and safely.
 Why was the 2021 IPO of Mobikwik did not happen?
 In 2021, Mobikwik planned to launch an IPO or initial public offering to raise Rs. 1,900 crores. However, as per the DRHP filed with SEBI in 2021, Mobikwik’s revenue was only around Rs. 300 crores. Hence, it needed funding to raise its revenue and overcome its losses. However, unfavourable market conditions caused the board to withdraw the IPO plans.
 Why was Mobikwik’s IPO size reduced in 2024?
Compared to the 2021 IPO size of Rs. 1,900 crores, the current one is only for raising Rs. 700 crores. The company executive confirms that this is an increasing revenue of around Rs. 900 crore in 2024 around Rs. 288 crore in 2021. Hence, the company can use considerable funds to increase its revenue. Therefore, it would not be a ten times jump to reach Rs. 5,000 crores in revenue but only 5 times growth to require less cash to achieve it. Out of the. 700 crore through the IPO, Mobikwik will spend Rs. 250 crore to fund its financial service business and Rs. 135 crore for its payment services business. Also, Rs. 135 crore will be invested in AI, ML and data along with products and technology to increase the Mobikwik unlisted share price.
The above facts will help you learn all about the Mobikwik share price IPO, invest in one of the best unlisted Mobikwik share prices at current levels, and reap huge profits. Stockify is a platform offering access to preIPO shares, allowing investors to participate in high-potential companies before they go public. Users can benefit from early-stage growth and substantial returns as the company grows by investing in pre-IPO shares.