Abu Dhabi Funding Authority offered 16.44 Lakh fairness shares of Mobikwik for a deal worth of round INR 39.21 Cr
In Q1 FY26, the corporate’s web loss surged practically 535% YoY to INR 41.9 Cr in Q1 FY26, although it narrowed 25.2% sequentially from INR 56 Cr
Its shares presently are simply 4% under the difficulty value and practically 61% decrease than its 52-week excessive of INR 698.30
Persevering with its rally for the second straight day, shares of MobiKwik
surged 12.4% to INR 266.85 throughout the intraday buying and selling on the BSE at present.
Later, the inventory gave up a number of the good points and was buying and selling 10.6% greater at INR 262.40 at 10:20 AM. MobiKwik’s market capitalisation stood at INR 2,050.71 Cr (about $232 Mn), with 1.9 Cr shares altering palms.
At present’s rally got here a day after Abu Dhabi Funding Authority (ADIA) exited the corporate by promoting 16.44 Lakh fairness shares at INR 238.45 per share in a bulk deal value INR 39.21 Cr.
As per NSE knowledge, BOFA Securities Europe SA purchased 5 Lakh shares of MobiKwik for INR 243.61 apiece.
Notably, shares of MobiKwik jumped over 15% yesterday to snap a six session shedding streak.
The rally comes after the inventory’s downward spiral over the previous month following the corporate’s weak Q1 efficiency. The fintech firm’s web loss surged practically 535% YoY to INR 41.9 Cr in Q1 FY26. Nevertheless, it narrowed 25.2% sequentially from INR 56 Cr. Working income declined 20.7% YoY to INR 271.4 Cr however inched up barely from INR 267.8 Cr within the earlier quarter.
With the sharp rally during the last two days, the inventory has recouped a number of the losses. Nevertheless, it’s nonetheless down practically 60% on a year-to-date foundation.
MobiKwik went public in December final 12 months, making its inventory market debut at a 58.5% premium to its IPO situation value of INR 279. Its shares are presently about 4% under the difficulty value and practically 61% decrease than their 52-week excessive of INR 698.30.
Based in 2009 by Bipin Preet Singh and Upasana Taku, MobiKwik is a digital banking platform providing monetary merchandise for each customers and retailers, with income streams spanning funds, gateway companies, monetary companies, and investments.
Cofounder and CFO Taku informed Inc42 that FY25 was among the best years for the corporate, however a pointy change in sentiment in the direction of unsecured lending, triggered by RBI laws on peer-to-peer (P2P) lending, pressured MobiKwik to close or restructure key lending merchandise like Xtra and Zip. This led to a pointy decline in lending income and consumer exercise.
With a purpose to ramp up its income, MobiKwik not too long ago entered the stockbroking sector and is focusing on the underserved tier II and Bharat markets, avoiding competitors in tier I cities dominated by Groww and Zerodha.
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