MobiKwik Stock Price Jumps After Subsidiary Gets Stockbroker / Clearing Member License
By Shishta Dutta | Published at: Jul 3, 2025 04:46 PM IST
Gurugram, July 3, 2025 – MobiKwik Systems Ltd (NSE: MOBIKWIK) share rose 2.53% today, ending at ₹247.80. This was after the business said that its fully owned subsidiary, Mobikwik Securities Broking Pvt Ltd (MSBPL), got a SEBI stock broker/clearing member registration certificate that will be valid starting July 1, 2025. This strategic move officially puts MobiKwik into the stock broking and clearing business, which means that its financial services will now cover more than just digital payments.
Stock Reacts Positively
MobiKwik shares closed at ₹247.80, rising ₹6.12 or 2.53% from the previous close. The scrip touched an intraday high of ₹250.80 and a low of ₹239.10, with a volume of 40.93 lakh shares traded.
| Price Metrics | Value |
|---|---|
| Closing Price | ₹247.80 |
| Previous Close | ₹241.68 |
| 52-Week High (Dec 26, 2024) | ₹698.30 |
| 52-Week Low (May 9, 2025) | ₹227.25 |
| Market Cap | ₹1,927.39 Cr |
| Traded Value | ₹100.06 Cr |
| Free Float Market Cap | ₹581.00 Cr |
Strategic Significance of the SEBI Approval
MobiKwik said in a filing with the SEBI (LODR) Regulations, 2015 that MSBPL has been given a Certificate of Registration to work as a stock broker or clearing member under the SEBI (Stock-Brokers) Regulations, 1992. This strategic move lets MSBPL trade securities, clear and settle trades, and do other market activities that are allowed.
The certificate has no expiration date, according to the statement. This is a big step for MobiKwik’s growth in the financial services sector through its fintech platform.
Key Disclosure Highlights (as per Annexure-A)
| Disclosure Point | Details |
|---|---|
| Regulatory Authority | SEBI |
| License Type | Stock broker & clearing member |
| Impact | Enables MSBPL to conduct buy/sell/deal in securities, clearing & settlement |
| License Validity | From July 1, 2025; no expiry |
| Withdrawal Impact | Not Applicable |
About the Company
One MobiKwik Systems Ltd, listed on NSE under the symbol MOBIKWIK, operates in the financial technology (fintech) sector. The company made its stock market debut on December 18, 2024, and is currently part of the NIFTY IPO index. The latest approval marks a significant milestone in MobiKwik’s diversification into capital market infrastructure services.
REF: https://nsearchives.nseindia.com/corporate/MOBIKWIK_03072025150054_Intimation_about_Securities_Broking_Registration.pdf
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