Shares of fintech company One MobiKwik Systems rose 2% as the firm said it has forayed into stock broking.
MobiKwik, the company's flagship application, provides consumers access to various payment options and financial products in digital credit, investments, and insurance. It was founded by Bipin Preet Singh and Upasana Taku.
"SEBI has issued Certificate of Registration to operate as “stock broker/clearing member under the Securities and
Exchange Board of India (Stock-Brokers) Regulations, 1992. Certificate issued to wholly-owned subsidiary Mobikwik Securities Broking Private Limited (MSBPL). This will allow MSBPL to carry on the activities of buying, selling or dealing in securities / clearing and settlement of trades and for carrying on such other activities as are permitted by stock exchanges(s) / clearing corporations(s)," said Gurugram-based MobiKwik in a stock exchange filing.
The Certificate of Registration is valid from July 1, 2025 and does not have an expiry date, the firm added.
On July 3, MobiKwik shares closed 2.5% higher at Rs 247.8 apiece. The 52-week low of the stock is Rs 227.25 and 52-week high is Rs 698.3. The market capitalisation of the stock is Rs 1,937 crore.
Shares of fintech firm One Mobikwik Systems Ltd had a dream stock market debut in December, ending with a huge premium of 90%, against the issue price of Rs 279.
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