Mobikwik shares skyrocket over 13% amid block deal report; check key details

2 min read | Updated on June 26, 2025, 12:47 IST

SUMMARY

Mobikwik share price: One Mobikwik Systems launched its initial public offering (IPO) in December last year. The public issue of the fintech firm received a staggering 119.38 times subscription by the last day of the offer, amid overwhelming participation from investors.

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MOBIKWIK

Shares of fintech firm One Mobikwik Systems Ltd on December 18, 2024, listed with a huge premium of over 58% against the issue price of ₹279.

Mobikwik block deal: Shares of One Mobikwik Systems rallied as much as 13.56% to ₹278.85 apiece on the NSE in the morning trade on Thursday, June 26, amid news reports that the company witnessed a block deal.

As per a CNBC-TV18 report, Net1 Applied Technologies Netherlands BV, a subsidiary of South Africa’s Net1 UEPS Technologies, was likely to sell its entire 8% stake in One Mobikwik Systems Ltd. via block deals.

One Mobikwik Systems launched its initial public offering (IPO) in December last year. The public issue of the fintech firm received a staggering 119.38 times subscription by the last day of the offer, amid an overwhelming participation from investors.

The ₹572 crore initial share sale got bids for 1,41,72,65,686 shares against 1,18,71,696 shares on offer, as per NSE data.

The portion for Retail Individual Investors (RIIs) fetched 134.67 times the subscription, while the Qualified Institutional Buyers (QIBs) part received 119.50 times the subscription. The category for non-institutional investors got subscribed 108.95 times.

The company's IPO had a price band of ₹265-₹279 per share.

One Mobikwik Systems Listing

Shares of fintech firm One Mobikwik Systems Ltd on December 18, 2024, listed with a huge premium of over 58% against the issue price of ₹279.

The stock began the trade at ₹442.25, reflecting a jump of 58.51% from the issue price on the BSE. Later, it zoomed 87.81% to ₹524.

On the NSE, shares of the firm listed at ₹440, surging 57.70%.

The public issue had a fresh issuance of equity shares worth up to ₹72 crore with no offer-for-sale (OFS) component.

This was the second attempt by the Gurugram-based firm for the public issue following its first attempt in July 2021.

Founded by Bipin Preet Singh and Upasana Taku, MobiKwik – the company's flagship application – provides consumers access to various payment options and financial products in digital credit, investments and insurance.

With inputs from PTI