One MobiKwik Systems, a prominent Indian digital payments firm, saw its stock rally nearly 15% on June 26, 2025, following a significant block deal involving 8.98% equity. Media reports indicate that Net1 Applied Technologies Netherlands BV may have trimmed its stake, triggering investor interest despite the company’s widened losses in Q4 FY25.
One MobiKwik Systems Ltd, a Gurugram-based digital payments company in India, saw its shares surge nearly 15% on the National Stock Exchange (NSE) during Thursday’s session after a large block deal worth ₹168 crore took place.
The company, known for offering mobile wallet services, UPI, BNPL (Buy Now Pay Later), and merchant payment solutions, experienced a sharp rally from an opening low of ₹230.70 to an intraday high of ₹282.30 as of 11:15 am. This surge came despite the stock starting in red compared to its previous close of ₹245.55 on June 25.
Market reports suggest that approximately 8.98% equity of One MobiKwik Systems changed hands in the block deal. Though buyer and seller identities are yet to be confirmed officially via exchange data, media outlets have indicated that Net1 Applied Technologies Netherlands BV—a subsidiary of South Africa-based Net1 UEPS Technologies—might have sold around an 8% stake in the Indian fintech firm.
The deal was reportedly executed at a discount of up to 8.4% from the previous closing price, reflecting Net1’s intent to reduce its long-held investment. In 2016, Net1 had invested $40 million (approximately ₹268 crore) in MobiKwik as part of a strategic alliance to integrate its virtual card technology with the Indian platform.
MobiKwik had an impressive debut on the stock market in December 2024, listing at a 58% premium over its IPO price of ₹279. However, since its post-listing high of ₹698, the stock has declined by more than 60%. The six-month lock-in period for pre-IPO investors ended on June 18, possibly setting the stage for this stake sale.
MobiKwik Q4 FY25 Financials
In the March 2025 quarter, MobiKwik reported a net loss of ₹56 crore, a significant rise from ₹67 lakh in the same period last year. While revenues increased by 2.6% year-on-year, its Payments GMV (Gross Merchandise Value) jumped 2.3 times compared to the year-ago quarter.
However, the company posted an EBITDA loss of ₹45.8 crore, citing a decline in contribution margins. Despite GMV growth, the losses indicate ongoing challenges in monetization and cost management.
As investors continue to track post-IPO performance and financial sustainability, today’s market response reflects renewed interest in the company amid strategic stake reshuffling.