Mobikwik shares have come under the spotlight as the lock-in expiry of its IPO frees up shares worth approximately Rs 317.20 crore for trading. At the previous closing price of Rs 198.25 on the BSE, these shares are now available for trading by shareholders, though not necessarily all at once.
The fintech platform made a remarkable market debut in December 2024, listing at a 59% premium over its IPO price at Rs 442.25 per share on the BSE. This followed a highly successful IPO that aimed to raise Rs 572 crore and was oversubscribed 119 times. The stock reached an all-time high of Rs 698 in the same month but later plummeted over 78% to a lifetime low of Rs 151.95 in March this year.
Since hitting its low, Mobikwik shares have rebounded by over 30%, closing at Rs 198.25 on the BSE on Wednesday. The company's market capitalisation currently stands at Rs 1,561 crore.
In May, Mobikwik reported a net profit of Rs 4.38 crore for the fourth quarter of FY26, a significant turnaround from a net loss of Rs 56 crore in the same quarter the previous year. Revenue from operations increased by 8% to Rs 289 crore, while EBITDA for the March quarter was Rs 10 crore, compared to an EBITDA loss of Rs 56.5 crore a year earlier.
The management attributed the positive quarterly results to structural margin expansion in Payments and Financial Services, alongside a strategic shift towards higher-quality lending.
Background
The lock-in expiry of Mobikwik's shares marks a significant milestone for the company, potentially impacting its stock price and market dynamics. Investors will be keenly watching the trading activity and any subsequent movements in the share price.
Investors will be keenly watching the trading activity and any subsequent movements in the share price.
