Mobikwik share price rallied as much as 9% to ₹222.42 apiece in Tuesday’s trading session after the company said its wholly owned subsidiary, One MobiKwik Systems, has received approval from the BSE to commence its stock broking business.
The fintech stock opened at ₹213.90 per share in the early morning session today, as compared to the previous close of ₹201.76 apiece on Monday.
Mobikwik’s stock broking business details
Fintech firm Mobikwik said, on Monday, that its wholly owned arm, One MobiKwik Systems, has secured approval from the Bombay Stock Exchange (BSE) to launch its stock broking business.
The BSE has activated the entity on its platform with effect from February 24, 2026, following the stock broking license granted by the Securities and Exchange Board of India in July 2025.
With this clearance, the company can now begin broking activities on the BSE, covering equity trade execution, buying and selling, as well as clearing and settlement services.
“The approval by BSE to commence our stock broking business on its platform is a pivotal step in MobiKwik’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 markets. We will continue to responsibly serve the financial needs of Bharat and build products that genuinely improve financial inclusion,” said Upasana Taku, Executive Director, Co-founder & CFO, MobiKwik.
(This is a developing story)
Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.
