IPO · Financial Services

One Mobikwik Systems Ltd completes initial public offering

By Startup Enthusiast · 12 September 2026

What they do

The company provides digital payment solutions including mobile and DTH recharges, bill payments, and various financial services for its users

The company raised ₹572 crore through an initial public offering (IPO) consisting entirely of a fresh issue of equity shares

Funds from the IPO are allocated toward expanding financial and payment services, technology investments, and general corporate purposes

One Mobikwik Systems Ltd launched an initial public offering (IPO) to raise capital from public investors.
The company issued 20,501,792 equity shares at a price of ₹279 per share.
The total size of the fresh issue reached ₹572 crore.
The IPO process concluded with listing on the National Stock Exchange (NSE) in Mumbai.
The issue price was set at 139.5 times the face value of ₹2 per share.
This offering represents 26.39% of the company's post-issue paid-up equity capital.

The company intends to use the proceeds to grow its financial services and payment services businesses.
Capital is allocated for investments in data, machine learning, and AI to enhance product technology.
A portion of the funds will support capital expenditure for the company's payment devices business.

The company operates a digital platform for mobile and DTH recharges.
It facilitates various bill payment services for its customers.
The business model focuses on digital financial and payment service delivery.
Operations are managed from its headquarters in Vikhroli West, Mumbai.
The company maintains an active presence across multiple social media platforms.