The last PE fund on Mobikwik’s cap table makes an exit after Tuesday’s block deal

In the same transaction, Viridian Asia Opportunities Fund bought 13.2 lakh shares for ₹28.3 crore, while Societe Generale acquired 6.6 lakh shares for ₹14.13 crore.

According to available data, as many as 60.8 lakh shares of MobiKwik, amounting to 7.7% of the total outstanding equity of the company, changed hands in the transaction.

Based on the number of shares that changed hands, the total transaction value is said to be ₹130 crore. The average price at which the shares changed hands is ₹214 apiece.
According to sources, Florintree, Viridian Asset Management, Dymon Asia, and Karma Capital were the buyers in the transaction.

Peak XV was the last remaining PE fund on MobiKwik’s cap table, after the Abu Dhabi Investment Authority had made an exit in September last year.

Based on the March quarter shareholding pattern, Peak XV had a 7.89% stake in MobiKwik, or 62.15 lakh shares.

Among other public shareholders of the company, Bajaj Finance has a 10.1% stake at the end of the March quarter, the Government Pension Fund Global has a 3% stake, while domestic mutual funds have a 0.7% stake in the company.

As many as 1.65 lakh retail shareholders or those with authorized share capital of up to ₹2 lakh, had a 33.13% stake in the company.

Shares of MobiKwik are trading 3.3% higher on Tuesday after an 11% upmove on Monday, after the company had received RBI approval to establish non-banking (NBFC) operations through its subsidiary MobiKwik Financial Services Pvt. Ltd. The stock still trades below its issue price of ₹279 and is significantly below its post-listing peak of ₹698 that it had surged to in December 2024.