.png){kind=logo}
Shares of One MobiKwik Systems Ltd rallied sharply on Tuesday after the company announced that its owned subsidiary has received approval from Bombay Stock Exchange to start stock broking operations.
The stock opened at Rs. 213.90, higher than Monday’s close of Rs. 201.76 and surged as much as 9% to Rs. 222.42. Over the past month the stock has gained nearly 13% and it reflects investor interest.
The company announced that One MobiKwik Systems, its subsidiary, will start operations on the BSE from February 24, 2026, after the Securities and Exchange Board of India (SEBI) granted the company a stock broking licence in July 2025.
The company received approval to provide equity trading services, which include execution of trades and facilities for buying and selling assets along with BSE clearing and settlement services.
MobiKwik plans to implement this strategy as part of its goal to transform into a comprehensive digital financial services platform.
The management team identified the growing number of retail investors who participate in the Indian market as an opportunity to develop easier investing solutions for first-time users who operate in emerging markets.
Since its establishment in 2009 MobiKwik has developed a customer base that consists of 186.6 million registered users and 4.79 million merchants.
The company maintained an 18% market share of prepaid payment instrument (PPI) wallet gross transaction value in December 2025. It shows the company’s major role in digital payment systems.
The introduction of stock broking services to its current digital credit, investment and insurance services will enhance its integrated fintech ecosystem.
Despite experiencing a 13% increase during the last month the stock shows mixed results in a broader perspective. The stock has declined by 6.45% during the last six months and it has dropped by 7.59% since the start of the year.
The stock price has dropped 31.64% since last year and stands 56.43% lower than its December 2024 listing price.
The company reached its 52-week high of Rs. 354.40 on March 19, 2025 while its 52-week low is Rs. 190.62, touched on January 27, 2026.
Also Read: Meta Stock Climbs Near $656 as Revenue Hits $59.89 Billion
MobiKwik's IPO which took place in December 2024 raised Rs. 572 crore with 119.38 times subscription from investors.
The stock debuted at a 58% premium, with its BSE listing price reaching Rs. 442.25 against the issue price of Rs. 279.
As the company expands into broking, investors will closely monitor revenue measurements and execution results to assess its growth capacity for long-term potential.
