Why are MobiKwik shares rising today?
Mobikwik announced on Monday that its wholly-owned subsidiary, MobiKwik Securities Broking Private Limited (MSBPL), has received the stock exchange’s approval with effect from Tuesday. The BSE approval comes after market regulator SEBI granted stock brokerage registration to MSBPL in July 2025. After the BSE approval, MSBPL will now be allowed to commence brokerage activities on the stock exchange. It can buy, sell, trade, clear and settle stock transactions. MobiKwik said this marks the completion of key regulatory steps required for the subsidiary to operationalize its stock brokerage business.
Speaking on the development, MobiKwik co-founder and CFO Upasana Taku said the BSE approval marks a “critical step” in the company’s evolution into a scaled financial services platform.
“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 market. We will continue to serve Bharat’s financial needs responsibly and build products that truly improve financial inclusion,” she said.
MobiKwik stock price
The company’s shares had made a strong debut at Rs 440 per piece on NSE in December 2024, marking a premium of around 58% over the IPO price of Rs 279 per piece.The stock is down more than 48% year to date from its listing price and more than 18% from its IPO price.
After rising 13%, MobiKwik shares registered some gains and were trading around 8% higher at Rs 217.73 apiece, as seen at 9:38 am on Tuesday.
The stock has risen about 3% in one week and more than 10% in one month. However, so far in 2026 it is down about 5%.
The company’s market capitalization currently stands at Rs 1,720.26 crore.
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