Mobikwik Share Price Declines Amid IPO Lock-In Expiry

Market Performance

One Mobikwik Systems' share price experienced a significant decline on March 17, 2025, dropping nearly 15% to reach a new 52-week low. This decline coincided with the conclusion of a three-month share lock-in period, making a portion of the company's shares available for trading in the open market.

Share Lock-In Period and Market Impact

The expiration of the lock-in period allowed 5 million equity shares, constituting approximately 6% of the company's total outstanding shares, to become eligible for trading. While this does not necessarily indicate the immediate selling of all these shares, it contributed to increased market activity.

Following the lock-in expiry, Mobikwik's stock price opened at ₹269.95, which was lower than its previous close of ₹270.50. It declined further to an intraday low of ₹231.05, marking a significant drop in value.

Stock Market Debut and Historical Performance

Mobikwik made its stock market debut in December 2024, listing at a premium of nearly 60% over its issue price. The stock was listed at:

• ₹440 per share on the NSE (a premium of 57.71%)
• ₹442.25 per share on the BSE (a premium of 58.51%)

The stock witnessed further gains on its listing day, closing with an 89% premium. However, after reaching an all-time high of ₹698.30 on December 26, 2024, the stock has seen a decline of nearly 70%, now trading below its IPO price of ₹279 per share.

Mobikwik IPO Details

The IPO of One Mobikwik Systems attracted strong investor interest, achieving an overall subscription rate of 119.38 times. The subscription breakdown across investor categories was as follows:

• Retail Investors: 134.67 times
• Qualified Institutional Buyers (QIBs): 119.50 times
• Non-Institutional Investors (NIIs): 108.95 times

The IPO was open for subscription between December 11 and 13, 2024, and was met with strong demand from market participants.

Summary

MobiKwik's stock price faced a sharp decline following the expiration of its IPO lock-in period, which made a portion of its shares available for trading. Despite its strong debut in December 2024, the stock has experienced volatility, dropping significantly from its peak. The company's IPO saw robust investor interest, with high subscription rates across various investor categories.