Monitoring Agency Report for Quarter Ended September 30, 2025
Mobikwik's monitoring agency report for quarter ended September 30, 2025 indicates appropriate utilization of IPO proceeds, with some delays in general corporate purpose deployment and a technical issue leading to fraudulent transactions.
The report highlights both positive aspects (appropriate utilization of IPO proceeds) and negative aspects (delay in utilizing funds for general corporate purposes and a technical issue leading to fraudulent transactions), resulting in a moderate overall impact.
The announcement primarily conveys factual information regarding the monitoring of IPO proceeds and their utilization, along with some challenges faced by the company, without expressing a clear positive or negative bias.
* CARE Ratings Limited, the monitoring agency, has issued a report regarding the utilization of proceeds from One Mobikwik Systems Limited's IPO for the quarter ended September 30, 2025. * The IPO raised ₹572 crore. * There were no deviations from the objects stated in the offer document, according to the Board of Directors. * However, there was a delay in utilizing proceeds for general corporate purposes. * A technical issue in September 2025 led to fraudulent transactions estimated at approximately ₹40 crore, of which around 71% has been secured. * As of the end of Q2 FY2026, unutilized amounts for various objects are: Funding organic growth in financial services business (₹85.46 crore), payment services business (₹47.25 crore), research and development (₹57.27 crore), and capital expenditure for payment devices business (₹65.16 crore). * The company has earned ₹4.83 crore on proceeds parked in FDs. * The total unutilized amount is ₹261.96 crore, excluding interest earned. * General Corporate Purpose funds were fully deployed by Q2 FY2026. * There is a delay of 6 months in utilizing General Corporate Purpose proceeds, constituting less than 5% of the total utilized amount. * ₹265 crore is invested in fixed deposits with various banks, maturing between October 2025 and January 2026.
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One Mobikwik Systems Limited filed this with the NSE as a statutory disclosure, categorised under sebi compliance filings. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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