MobiKwik Shares Fell Over 6% as Six-Month IPO Lock-In Period Ends

On June 18, 2025, One MobiKwik shares fell as much as 6% after the six-month post-IPO lock-in period for certain shareholders came to an end.

End of Shareholders Lock-In

According to a report by Nuvama Alternative & Quantitative Research, around 3.8 crore shares have now become eligible for trading following the expiration of the lock-in period. However, it’s important to note that while these shares are now tradable, it doesn't necessarily mean they will be sold in the open market immediately.

MobiKwik had a robust debut on the stock exchange, listing at a 58% premium over its IPO issue price of ₹279. Despite the strong start, the stock has experienced a significant correction, now down nearly 64% from its post-listing peak of ₹698.

MobiKwik Financial Highlights

In terms of financial performance, MobiKwik released its first quarterly results as a listed entity earlier this year, reporting a net loss of ₹3.6 crore for the September quarter. This compares to a net profit of ₹5.3 crore in the same period last year. However, losses have narrowed sequentially from the ₹6.4 crore reported in the June quarter.

The company’s operating revenue rose sharply by 43% year-on-year, reaching ₹291 crore in the September quarter, up from ₹203.4 crore a year earlier.

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Despite the revenue jump, EBITDA declined 37% year-on-year, falling to ₹6.8 crore from ₹10.8 crore. On a positive note, EBITDA margins improved, rising to 5.2% from 2.3% in the corresponding quarter last year, signalling improved operational efficiency.

As of the latest trading session, MobiKwik shares were down 5.62%, priced at ₹254.80, representing a 9% decline from its IPO issue price.

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