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Urban Company lists at 58% premium in stock market debut

EntrackrEntrackr · 1d ago
Urban Company lists at 58% premium in stock market debut
Medial

Home services marketplace Urban Company made a strong stock market debut today, listing at Rs 162.25 per share on the NSE, a 57.5% premium over its issue price of Rs 103. On the BSE, the stock opened at Rs 161. Urban Company’s IPO was open for subscription from September 10 to 12, 2025, with a price band of Rs 98–103 and a minimum investment of Rs 14,935. The Rs 1,900 crore IPO was comprised with a fresh issue of shares worth Rs 429 crore and an offer for sale (OFS) of Rs 1,471 crore. According to exchange data, Urban Company’s IPO was oversubscribed 108.98 times, with the retail portion at 41.49x, QIBs (ex-anchors) at 147.35x, and NIIs at 77.82x. During the process of the Initial public offering (IPO), the Gurugram-based company secured Rs 854 crore from anchor investors. According to the company, net proceeds from the fresh issue will be used for technology and cloud infrastructure (Rs 190 crore), lease payments (Rs 75 crore), marketing activities (Rs 90 crore), and other general corporate purposes. Urban Company’s share touched its high of Rs 179 per share in the morning and (as of 11:10 AM) is currently trading at Rs 168.3 with the total market capitalization of Rs 24,169.1 crore (around $2.7 billion). For the fiscal year ending March 2025, the home service company reported a 38% surge in its operating revenue to Rs 1,144 crore. It also posted a profit before tax (PBT) of Rs 28.5 crore during the same period.

MobiKwik hit by Rs 40 Cr fraud in Haryana; recovers Rs 14 Cr so far

EntrackrEntrackr · 1d ago
MobiKwik hit by Rs 40 Cr fraud in Haryana; recovers Rs 14 Cr so far
Medial

MobiKwik hit by Rs 40 Cr fraud in Haryana; recovers Rs 14 Cr so far Digital financial services firm MobiKwik has reported a fraud incident involving some of its registered merchants and users from Haryana, who allegedly colluded to claim unauthorized settlements from the company. The company disclosed in a stock exchange filing that the incident occurred between September 11–12, 2025, and an FIR has been lodged for Rs 40 crore. Of this, Rs 14 crore has already been recovered, leaving an estimated net exposure of Rs 26 crore. MobiKwik clarified that none of its employees, key managerial personnel, or insiders were involved in the case. Authorities have already made arrests, and the Legal Enforcement Agency has frozen and lien-marked bank accounts where the unauthorized funds were credited. The Gurugram-headquartered firm said it is taking “aggressive collection efforts” alongside legal action to recover the remaining amount. It added that further material developments will be shared with the exchanges as the police investigation and recovery efforts continue. MobiKwik’s operating revenue fell 21% to Rs 271 crore in Q1 FY26 from Rs 342 crore in Q1 FY25, meanwhile the company’s losses rose over 6X to Rs 42 crore in Q1 FY26 in the same quarter last year.

Net1 exits from Mobikwik with notable loss after 8 years

EntrackrEntrackr · 2m ago
Net1 exits from Mobikwik with notable loss after 8 years
Medial

South Africa-based Net1 Applied Technologies has sold its entire 8% stake and exited its long-standing investment in fintech platform Mobikwik, through a block deal on Thursday. Net1 sold its entire holding of 62,15,620 shares at Rs 230.16 each, accumulating approximately Rs 143 crore, according to data from the National Stock Exchange (NSE). Net1 first invested $40 million (approximately Rs 270 crore at the time) in MobiKwik in 2016, aiming to integrate its virtual card and financial inclusion technologies with the Indian fintech platform. However, despite MobiKwik going public, Net1 appears to have made no return and has even incurred a loss on its investment. MobiKwik made its stock market debut in December last year with a strong listing at Rs 444, a 59% premium over its issue price. The fintech platform even touched highs of Rs 698 post-listing. However, the stock has experienced significant volatility since then and has now settled around Rs 261. MobiKwik reported flat revenue of Rs 268 crore in Q4 FY25, compared to the same quarter last year. However, for the full fiscal year, its revenue rose 33.9% to Rs 1,192 crore in FY25. On the bottom line, the company posted a loss of Rs 56 crore in Q4 FY25.

Mobikwik enters stock broking biz with new subsidiary

EntrackrEntrackr · 5m ago
Mobikwik enters stock broking biz with new subsidiary
Medial

Mobikwik enters stock broking biz with new subsidiary Fintech firm Mobikwik is entering the securities broking space with the launch of its wholly owned subsidiary, Mobikwik Securities Broking Private Limited (MSBPL). The company has received approval from the Ministry of Corporate Affairs, as disclosed in a recent filing with the National Stock Exchange (NSE). With this move, Mobikwik aims to broaden its financial services portfolio by offering stock and commodity brokerage services. According to the disclosure, MSBPL will engage in trading shares, stocks, securities, debt instruments, commodities, currencies, and derivatives. The subsidiary also plans to acquire memberships with stock and commodity exchanges both in India and internationally. Mobikwik Securities Broking Private Limited has been set up with an initial capital of Rs 1 lakh, while the parent company plans to infuse an additional Rs 2 crore in one or more tranches. With this move, the company will enter the crowded stock broking space, which is currently dominated by players like Zerodha, Groww, and AngelOne. At present, Groww leads the pack with the highest number of active users, followed by Zerodha, AngelOne, Upstox, and ICICI Direct. MobiKwik’s registered user base has grown to 172 million, along with a merchant network of 5 million, the company said in the last quarter. The company’s payment GMV doubled year-on-year to Rs 29,400 crore. In the third quarter of the current fiscal year, MobiKwik reported revenue of Rs 269 crore, while its losses stood at Rs 55.2 crore during the same period. MobiKwik’s shares are currently trading at Rs 308 apiece, with a total market capitalization of Rs 2,393 crore (approximately $278 million). The company also hit its 52-week low of Rs 231 on March 17.

Mobikwik posts flat scale in Q4 FY25; bleeds heavily

EntrackrEntrackr · 4m ago
Mobikwik posts flat scale in Q4 FY25; bleeds heavily
Medial

Mobikwik posts flat scale in Q4 FY25; bleeds heavily Fintech platform MobiKwik reported its quarterly results for the fourth quarter of the last fiscal year (Q4 FY25) on Tuesday, showing a flat year-on-year growth. MobiKwik’s revenue from operations increased to Rs 268 crore in Q4 FY25 from Rs 265 crore in Q4 FY24, its consolidated financial statements accessed from the National Stock Exchange (NSE) show. However, Mobikwik's earnings for the full fiscal year grew 33.9% to Rs 1,192 crore in FY25, compared to Rs 890 crore in FY24. Commissions on recharges, processing, and interest on servicing loans, payment gateways, and technology platforms were the primary revenue sources for MobiKwik in Q4 FY25. However, the company did not provide an income breakdown in its quarterly report. According to the press release, MobiKwik's registered user base has grown to 176.5 million with 4.4 million new merchants. The company’s payment of GMV has also surged 2.3X year-on-year to Rs 331 billion. On the cost side, expenditures on the payment gateway were the largest cost center, accounting for 45% of the overall cost, which stood at Rs 147 crore in Q4 FY25. The cost of employee benefits and lending fees was recorded at Rs 43 crore and Rs 41 crore, respectively. Its financial guarantee, legal, advertising, finance, and other overheads took its total expenditure to Rs 324 crore in Q4 FY25 from Rs 266 crore in Q4 FY24. For instance, the Gurugram-based company posted a net profit of Rs 14 crore for the previous fiscal (FY24). In the end, Mobikwik reported a net loss of Rs 56 crore in Q4FY25, compared to a loss of Rs 60 lakhs in the same quarter of the previous fiscal year. During the full fiscal year, its bottom line was negative at Rs 121.5 crore. Mobikwik made its debut on the stock exchange last December 24 with an impressive 59% premium on its issue price on the first day of its listing. The company is currently trading at Rs 273.7 with a total market capitalization of Rs 2,126 crore or approximately $250 million.

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