Latest news with #MobikwikSystems
Mint
26-06-2025
- Business
- Mint
One Mobikwik Systems share price rallies 10% on large block deal. Do you own?
One Mobikwik Systems share price surged as much as 10.47 per cent to ₹ 271.25 on NSE in Thursday's trading session after a block deal worth 8.98 per cent equity—valued at ₹ 168 crore—took place on Thursday, June 26. One MobiKwik Systems shares opened initially in red at ₹ 230.70 apiece on June 26, as compared to previous close of ₹ 245.55. However, the stock climbed more than 10 per cent, touching an intraday high to ₹ 281.15 at 11:15 am. According to media reports, Net1 Applied Technologies Netherlands BV, a subsidiary of South Africa's Net1 UEPS Technologies, was planning to sell approximately 8 percent of its stake in the company. The block deal was likely to be offered at a discount of up to 8.4 percent from the stock's previous closing price, suggesting an effort to trim its investment in the firm. As per Moneycontrol report, Net 1 Applied Technologies invested $40 million (approximately ₹ 268 crore) in Mobikwik in 2016 as part of a strategic collaboration that included integrating its virtual card technology with the Indian digital payments platform. Mobikwik had a strong stock market debut in December 2024, listing at a 58% premium over its IPO price of ₹ 279. However, the stock has since declined by more than 60% from its post-listing high of ₹ 698. The mandatory six-month lock-in period for pre-IPO investors expired on June 18. MobiKwik's net loss expanded significantly in the March quarter, reaching ₹ 56 crore, compared to a loss of just ₹ 67 lakh in the same period last year. The company's revenue saw a modest year-on-year increase of 2.6%, while its Payments Gross Merchandise Value (GMV) surged 2.3 times from the corresponding quarter a year ago. Despite the growth in GMV, MobiKwik reported an EBITDA loss of ₹ 45.8 crore, primarily due to reduced contribution margins. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
20-06-2025
- Business
- Business Standard
One Mobikwik Systems allots Equity shares
Under ESOP One Mobikwik Systems approved allotment of 4,65,873 Equity Shares of the face value ₹2/- each, to the eligible employees of the Company upon exercise of stock options vested with them under MobiKwik Employee Stock Option Plan 2014 at the following exercise prices: 3,76,533 shares with Exercise Price of Rs.2 per Share and 89,340 Shares with an Exercise Price of Rs.34.75 per share.
