MobiKwik enters stock broking business

03 Jul 2025, 04:31 PM

SEBI has issued the certificate of registration to operate as “stock broker/clearing member” to Mobikwik Securities Broking Pvt Ltd.

Team Head&Tale

Fintech company MobiKwik has received the approval from Securities and Exchange Board of India (SEBI) to enter the stock broking business.

SEBI has issued the certificate of registration to operate as “stock broker/clearing member” to Mobikwik Securities Broking Pvt Ltd, said MobiKwik in a filing to the stock exchanges.

Mobikwik Securities Broking is the wholly- owned subsidiary of MobiKwik.

MobiKwik's entry into the stock broking business comes at a time when the industry already has well established new-age players such as Zerodha, PhonePe, Upstox and Paytm Money and broking units of banks including ICICI Securities and HDFC Securities.

MobiKwik, which debuted on the bourses in December 2024 at Rs 444 per share -- a 59% jump from its issue price -- witnessed strong post-listing momentum, touching a high of Rs 698. However, the stock has since cooled off.

The Gurugram-based company's shares on Thursday closed at Rs 247.20 per shares, up 2.45% from the previous close.

Last month, South Africa-based Net1 Applied Technologies fully exited its investment in MobiKwik after nearly eight years at a loss.

Who Reads Us

I enjoy reading The Head and Tale for their coverage on the Fintech landscape. The reporting is incisive and honest,  and it demonstrates a sharp understanding of the industry and the issues that concern it. I'd like to extend my best wishes to Arti for her continued success.

Rahul Chari, Co-Founder and CTO, PhonePe
Rahul Chari Co-Founder And CTO, PhonePe

Well-researched, informative and analysis based reporting makes an interesting read. 'The Head and Tale' news portal has been demonstrating this quite well covering fintech and emerging tech sectors. Their timely updates, exclusive stories and different perspectives on these sectors help me stay informed. Kudos to Arti Singh for pursuing her passion and best wishes to the team.

Rishi Gupta, MD & CEO, Fino Payments Bank
Rishi Gupta MD & CEO, Fino Payments Bank

The Head and Tale stands out for its deep industry knowledge and impressive network of sources. I especially appreciate that the reporting remains independent, rarely resorting to paid puff pieces, making it a publication I can genuinely trust. Having followed Arti’s work for years, I’ve come to rely on The Head and Tale for its unparalleled insight and truly independent coverage. Arti’s long-standing presence in the sector means her reporting is always informed, with access few can match.

Lizzie Chapman, co-founder, ZestMoney
Lizzie Chapman Co-founder, ZestMoney

What I really appreciate about The Head and Tale is that it doesn’t just report the news, it interprets it. The stories are well-researched, comprehensive, and bold. Arti brings a fearless lens to reporting, often asking the uncomfortable but necessary questions. She makes you pause, reflect, and rethink what it all means for the payments and fintech ecosystem. It’s rare to find journalism that’s this sharp, timely, and relevant to the work we do every day.

Mohit Bedi, co-founder, Kiwi
Mohit Bedi Co-founder, Kiwi

I’ve always valued journalism that goes beyond surface-level headlines. The Head and Tale does exactly that - it connects the dots, asks the tough questions, and brings clarity to the shifts shaping our evolving industry. I’ve even encouraged my team members to subscribe, because staying informed through credible, deeply reported stories is as important as building products. For me, The Head and Tale has become part of essential reading.

Cofounder of IPO-bound leading fintech lending company
Cofounder of IPO-bound leading fintech lending company