One Mobikwik Systems Shares Opened Initially in Red at 230.70 Apiece on June 26, as compared to previous close of 245.55. However, the stock climbed more than 10 per cent, touching an intraday high to 281.15 at 11:15 AM.
One Mobikwik Systems Block Deal Details
According to Media Reports, NET1 Applied Technologies Netherlands BV, A Subsidiary of South Africa’s Net1 UEPS Technologies, WAS Planning to Sell Approximately 8 percent of Its stake in the Company.
The Block Deal was likely to be offered at a discount of up to 8.4 percent from the stock’s previous closing price, suggesting an effort to trim it in the firm.
As per moneycontrol report, NET 1 Applied Technologies Invested $ 40 Million (Approximaately 268 Crore) In Mobikwik in 2016 as part of a strategic collaboration that included integrated integrating its virtual card technology with the Indian digital payments platform.
Mobikwik Had a Strong Stock Market Debut in December 2024, Listing at A 58% Premium Over Its IPO Price of 279. However, The Stock has been declared by more than 60% from its post-listing high of 698. The Mandatori Six-month lock-in period for pre -at investors expired on June 18.
One Mobikwik Systems Q4 Results 2025
Mobikwik’s Net Loss Expanded Significantly in the March Quarter, Reaching 56 Crore, compared to a loss of just 67 lakh in the same period last year.
The company’s revionue is a modest year-on-year increase of 2.6%, While Its Payments Gross Merchandise Value (GMV) Surged 2.3 Times from the Corresponding Quarter a year.
Despite the growth in gmv, Mobikwik reported an ebitda loss of 45.8 Crore, Primarily Due to Reduced Contribution Margins.
Disclaimer: This story is for educational purposes only. The views and recommendations about individual analysts or broking companies, not mint. We Advise Investors to Check With Certified Experts Before Making Any Investments Decisions.
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