IPO Date: Dec 11 to Dec 13 2024
Listing Date: Dec 18 2024
1. Funding growth in our financial services business
2. Funding growth in our payment services business
3. Investment in data, ML and AI and product and technology
4. Capital expenditure for our payment devices business
5. General corporate purposes
Unit No. 102, 1st Floor, Block- B Pegasus One, Golf Course Road Sector-53
Gurugram
Haryana
122003
0124-4903344
cs@mobikwik.com
www.mobikwik.com
MUFG Intime India Pvt Ltd.
Pursuant to Regulation 30 of the SEBI Listing Regulations, One MobiKwik Systems has informed that the National Payments Corporation of India (‘NPCI’), an organization authorized by the Reserve Bank of India under the Payment and Settlement Systems Act, 2007, for operating retail payment systems in India, including the Unified Payments Interface (‘UPI’), has, vide its circular no. NPCI/UPI/OCNo.237/2026-27 dated September 15, 2026 (‘NPCI Circular;), introduced a Merchant Discount Rate of upto 0.4% on UPI Person-to-Merchant (P2M) transactions exceeding ₹2,000. The NPCI Circular shall be effective from October 15, 2026. Payment transactions that were previously not chargeable will now generate revenue for the Company’s payments business. The Company expects to earn this revenue in two ways: • as a Third-Party Application Provider (‘TPAP’), on the P2M share of its consumer UPI Gross Merchandise Value (‘GMV’); and • as an acquirer on its merchant GMV. The Circular does not permit any charge on customers, so UPI payments remain free for users. The Company views this development as a strong enabler of its plans to deepen its presence in UPI and scale its merchant business. The Company will update the stock exchanges on the impact, if required, once the Circular takes effect. This disclosure will also be hosted on the Company's website at https://www.mobikwik.com/ir/stockexchange-submission/FY2026-27.
The above information is a part of company’s filings submitted to BSE.
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The issue size of One Mobikwik Systems Ltd. IPO is ₹314.60 - 331.22 crore.
The One Mobikwik Systems Ltd. IPO opens for subscription on 2024-12-11 and closes on 2024-12-13.
The price range of One Mobikwik Systems Ltd. IPO is ₹265.00 to ₹279.00.
The lot size of One Mobikwik Systems Ltd. IPO is 53 shares.
The registrar of One Mobikwik Systems Ltd. IPO is MUFG Intime India Pvt Ltd..
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