Last Updated:July 03, 2025, 15:39 IST
Mobikwik’s subsidiary, MSBPL, got SEBI approval to operate as a Stock Broker/Clearing Member, expanding its fintech services. MobiKwik has 176.4M users and 4.6M merchants.
One MobiKwik’s subsidiary gets SEBI nod for stock broking service.
Mobikwik Securities Broking Private Limited (MSBPL), a wholly-owned subsidiary of One MobiKwik Systems Ltd. (MobiKwik) has received green light from the Securities and Exchange Board of India (SEBI) to operate as a Stock Broker/ Clearing Member. Mobikwik, a digital payment network, is expanding its services by entering into several services as a multifaceted fintech platform.
SEBI issued the certificate of registration on July 01, 2025, allowing MSBPL to engage in buying, selling, dealing, clearing, and settling equity trades.
Mobikwik shares gained 2.53 per cent on Thursday to settle at Rs 247.80 apiece, against the previous day close at Rs 241.68 apiece. The company’s 52-week high and low remain at Rs 698 and Rs 227, respectively.
The company manages a large-scale consumer payments business with a widespread network comprising over 176.4 million users and 4.6 million merchants. Its credit distribution business is growing rapidly, while its wealth distribution vertical is gaining traction through a diverse product portfolio that includes Fixed Deposits (FDs), Mutual Funds (MFs), Systematic Investment Plans (SIPs), Digital Gold, and Lens.Ai.
Bipin Preet Singh, Co-founder, MD & CEO of MobiKwik, expressed his enthusiasm about this development: “The stock broking license marks a significant milestone for us as we enter the Indian equity markets. India has witnessed incredible growth in retail investor participation, and we believe our platform can help demystify investing for users taking their first steps into the markets. With this, we move a step closer to our goal of building a full-stack fintech platform that eases the adoption of digital financial services for the untapped populace of Bharat.”
This is the second certificate obtained by MobiKwik Group in the current quarter.
One Mobikwik Systems Limited brought its IPO last year in December of Rs 572 crore. The issue was entirely fresh shares of 2.05 crore shares. Mobikwik IPO price band was set at Rs 279 per share.
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
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