Latest news with #Net1AppliedTechnologiesNetherlandsBV
Mint
12 hours ago
- Business
- Mint
One Mobikwik Systems share price rallies 15% on large block deal. Do you own?
One Mobikwik Systems share price surged as much as 14.96 per cent on the NSE in Thursday's trading session after a block deal took place on the counter on Thursday, June 26. According to media reports, 8.98 per cent equity—valued at ₹ 168 crore—of One Mobikwik Systems changed hands today. One MobiKwik Systems share opened initially in the red at ₹ 230.70 apiece on June 26, as compared to the previous close of ₹ 245.55. However, the stock climbed more than 14 per cent, touching an intraday high of ₹ 282.30. While the final details of the buyers and the sellers could not be determined immediately, and will be available once the exchanges release the bulk and block deal data for the day, media reports suggested a stake sale by Net1 Applied Technologies Netherlands BV. Net1 Applied Technologies Netherlands BV, a subsidiary of South Africa's Net1 UEPS Technologies, was planning to sell approximately an 8 per cent stake in the company, as per reports. The block deal was likely to be offered at a discount of up to 8.4 per cent from the stock's previous closing price, suggesting an effort to trim its investment in the firm. As per Moneycontrol, 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.
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Business Standard
18 hours ago
- Business
- Business Standard
Mobikwik volatile amid large trade; 2.09 million shares change hands on BSE
Mobikwik shares slipped 6.2 per cent in trade on June 26, 2025, logging an intraday low at ₹230.65 per share on BSE amid heavy volumes. On BSE, at 9:27 AM, 2.09 million shares changed hands while, on the National Stock Exchange (NSE), 12.9 million shares were traded. Around the same time, Mobikwik share price was trading 1.69 per cent lower at ₹241.85 per share on the BSE. In comparison, the BSE Sensex was up 0.31 per cent at 83,014.16. The company's market capitalisation stood at ₹1,884.67 crore. Its 52-week high was at ₹698.3 per share and 52-week low was at ₹226.85 per share. However, at 9:43 AM, the stock reversed losses and was up 1.93 per cent at ₹250.75 per share. Mobikwik block deal details According to data compiled by Bloomberg, 6.8 million shares which translates to 8.8 per cent equity, changed hands on NSE in a single block trade. However, buyers and sellers of the transactions were not identified. Reports had suggested that Net 1 Applied Technologies Netherlands BV was likely to sell its entire 8 per cent stake in Mobikwik through block deals. Apart from, Net 1 Applied Technologies Netherlands BV, foreign investors in Mobikwik, as of March quarter 2025, are American Express Travel Related Services Company, Inc which held a 1.34 per cent stake, Cisco Systems (Usa) Pte Ltd (1.55 per cent), Abu Dhabi Investment Authority (2.14 per cent), Tree Line Asia Master Fund (Singapore) Pte Ltd (2,98 per cent) and Peak XV Partners Investments IV (9.98 per cent). Mobikwik Q4 results 2025 Fintech firm MobiKwik reported a wider consolidated loss of ₹56.03 crore in the fourth quarter of the financial year 2024-25 (Q4FY25), compared to R₹67 lakh in Q4FY24. The company's loss rose from ₹55.2 crore in Q3FY25. For the full FY25, the Gurugram-based company recorded a loss of ₹121.5 crore, as compared to a profit of ₹14 crore in FY24. MobiKwik's revenue from operations grew by 1.43 per cent to ₹267.78 crore in Q4FY25 from ₹264.98 crore in Q4FY24. Sequentially, operational revenue slipped marginally by 0.6 per cent from ₹269.47 crore in Q3FY25. Mobikwik listing One Mobikwik Systems shares were listed on December 18, 2024, at ₹442.25 apiece on the BSE, reflecting a premium of 58.51 per cent over the IPO allotment price of ₹279. On NSE, Mobikwik shares listed at ₹440, reflecting a slightly lower premium of 57.70 per cent per share against the issue price.
