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Mobikwik Arm Receives Sebi Approval to act as Stockbroker

CIO Insider Team | Thursday, 3 July, 2025
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A subsidiary of One MobiKwik Systems has been granted regulatory approval by the Securities and Exchange Board of India (Sebi) to operate as both a stockbroker and clearing member.

The market regulator issued this approval to Mobikwik Securities Broking Pvt Ltd (MSBPL), a subsidiary that Mobikwik launched in March to enter the stockbroking sector.

On July 01, 2025, Sebi awarded the registration certificate, enabling MSBPL to engage in buying, selling, dealing, clearing, and settling equity trades, according to Mobikwik.

This move positions Mobikwik within a market dominated by companies such as Groww, Zerodha, AngelOne, Upstox, and ICICI Direct.

"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. With this, we move a step closer to our goal of building a full-stack fintech platform that eases the adoption of digital financial services for the untapped populace of Bharat," says Mobikwik cofounder and CEO Bipin Preet Singh.

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Mobikwik's approval comes at a time when Groww, the largest stockbroking platform by active users, is planning to list on Indian stock exchanges. The company submitted its draft red herring prospectus to the markets regulator in May.

Mobikwik's stock closed 2.45 percent higher at Rs 247.20 per share, in contrast to a 0.2 percent drop in the benchmark Sensex

Additionally, it intends to seek a licence for an Online Bond Platform Provider (OBPP) and broaden its services to include corporate bond transactions through its mobile app. In April, Zaak ePayment Services Pvt Ltd was granted a certificate of authorization from the Reserve Bank of India (RBI) to function as an online payment aggregator.

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On the BSE, Mobikwik's stock closed 2.45 percent higher at Rs 247.20 per share, in contrast to a 0.2% drop in the benchmark Sensex.



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