Mobikwik Share Price :Shares of One Mobikwik Systems Ltd., the parent company of digital payments platform Mobikwik, witnessed a dramatic turnaround this week, surging by 20.69% on Tuesday and another 17.40% on Wednesday. This recovery came after a sharp decline on Monday, March 17, when the stock hit a 52-week low of ₹231.05. The rebound is attributed to the end of the three-month lock-in period, which unlocked 5 million shares (7% of the company’s equity) worth approximately $15 million, leading to increased trading activity and investor interest.
Lock-In Period and Its Impact
The lock-in period, which began after Mobikwik’s IPO in December 2024, prevented certain shareholders from selling their shares. With the lock-in ending on March 17, the unlocked shares led to a surge in trading volumes and liquidity. This event often triggers volatility in stock prices, as seen in Mobikwik’s case. The stock had been under significant pressure, falling more than 50% year-to-date from ₹604.70 on January 1, 2025, to ₹298 on March 18, 2025.
IPO Performance and Listing
Mobikwik’s IPO, priced at ₹279 per share, was a resounding success. The issue was subscribed 125.69 times overall, with the retail investor quota oversubscribed 141.78 times, reflecting strong investor confidence. The shares were listed on the BSE on December 18, 2024, at ₹442.25 and closed at ₹530.30 on the listing day, marking a stellar debut. However, the stock has since faced significant volatility, reaching a 52-week high of ₹698.30 and a low of ₹231.05.
Recent Stock Performance
Over the past three days, Mobikwik’s stock has been on a rollercoaster ride. On March 17, the stock hit a 52-week low of ₹231.05, but it rebounded sharply, gaining 30% over the next two days to reach ₹354.40 on Wednesday. As of 11:30 AM on Wednesday, the stock was trading in the range of ₹335 to ₹345. Despite the recent surge, the stock remains down more than 50% year-to-date, highlighting the challenges faced by the company in a competitive market.
Business Model and Market Position
Mobikwik operates in the highly competitive digital payments and fintech sector, offering services such as mobile wallets, UPI payments, bill payments, and lending solutions. Despite its strong IPO performance, the company faces intense competition from established players like Paytm, PhonePe, and Google Pay. Mobikwik’s ability to innovate, expand its user base, and achieve profitability will be critical to its long-term success.
Disclaimer: This article is for information only. This should not be considered as investment advice in any way. Investing in the stock market is based on risk. Before investing in the stock market, please consult your financial advisor.
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