The management said it is 'actively recovering' the unauthorized settled amounts from the affected customers. The incident took place between September 11-12, 2025.
MobiKwik share price: While the stock is down around 46% in 2025 so far, it has gained nearly 20% in the past six months
MobiKwik provides consumers access to various payment options and financial products in digital credit, investments, and insurance
MobiKwik annual revenue stood at Rs 1,192.5 crore, up 34% year-on-year. For the quarter (Q4), posted a loss of Rs 55.8 crore even as payments GMV more than doubled year-on-year to Rs 33,100 crore, driven by strong user and merchant growth.
The company reported a net loss of Rs 56.03 crore in Q4FY25, widening 8262.7 percent from a loss of Rs 67 lakh in the same period, a year ago.
'This will allow Zaakpay to pursue business expansion in the digital payments ecosystem," One MobiKwik Systems further said.
Shares of One MobiKwik Systems were under selling pressure on Wednesday, declining 3.32 percent to Rs 307.2 on the NSE.
The stock has now snapped its 5-day losing streak, and has erased all losses recorded in the previous day.
The stock has now lost more than half its value, plummeting over 60 percent from its all-time high of Rs 698 per share
Benchmark indices Nifty and Sensex continued to trade flat after giving up early gains due to a lack of significant triggers and subdued activity in the year-end holiday season. Thin trading volumes and pressures from the final monthly F&O further kept the cautious sentiment intact on December 26. In the afternoon, realty, metal and FMCG stocks fell the most. Here’s a look at the top gainers and losers in trade today.
Around 11 lakh shares or 1.4 percent of equity in One Mobikwik Systems changed hands in a block deal, at an average price of Rs 635 per share.
The draft of a bill to ban unregulated digital lending has been shared to seek feedback and comments, which has provisions to impose penalties and imprisonment, and seeks to create an online database of lenders operating in India.
In 2024, 75 Indian companies raised over Rs 1.5 lakh crore through mainboard IPOs, marking a new record, according to data from Prime Database.
Mobikwik Share Price Latest Updates Today (December 18): The IPO was oversubscribed by nearly 120 times the total shares on offer, reflecting exceptional demand. Investors placed bids worth approximately Rs 40,000 crore
Economy news live: November merchandise trade gap widens to 37.84 billion US dollars, says Commerce Secretary Sunil Barthwal
IPO GMP Live News Today (December 13): When will Mobikwik, Vishal Mega Mart, Sai Life make market debut? Check allotment, listing dates & GMP
Inflation news live: The November figure was consistent with the 5.5 percent median forecast from a Moneycontrol poll, which included 15 predictions.
When MobiKwik originally planned the IPO, it had a revenue of Rs 300 crore and was incurring losses of about Rs 128 crore annually. Since then, it has grown significantly with revenue reaching Rs 890 crore last fiscal and the company turning profitable.
India’s digital payment market has grown significantly and is projected to expand five-fold in five years. However, thin margins, intense competition, and UPI dominance challenge MobiKwik’s position
Business news today: Top shareholders offer to take India's Renew Energy private
Speaking about the price band set for the offering, Mobikwik's CEO emphasised the importance of aligning the IPO price with the company's long-term vision and the need to maintain investor confidence
The company is also planning to expand its distribution arm which is selling loans and mutual funds. 'The aim is to lead with payments, get the users engaged, and then cross-sell other products like loans and mutual funds,' Singh said.
Peer to Peer Lending: Lendbox's flexible withdrawal option was discontinued after RBI’s revised guidelines came into effect from August 16. Co-founder Bhuvan Rustagi sought to reassure investors, saying their funds were safe and merely subject to a changed withdrawal dynamic.
Payment service provider One MobiKwik Systems had filed draft red herring prospectus with the regulator on January 4 this year, to raise Rs 700 crore via IPO. The IPO consists of entirely fresh issue with no offer-for-sale component.
The digital payments firm reported a 62 percent increase in operating revenue, reaching Rs 875 crore for the financial year ending March 2024.