MobiKwik Systems Ltd (NSE: MOBIKWIK) saw a significant decline in its share price on March 17, 2025, following the expiry of its three-month lock-in period for pre-IPO investors.
On March 17, 2025, Mobikwik share price opened at ₹269.55, slightly down from its previous close of ₹270.65. At 10:34 AM, the share price of Mobikwik was trading at ₹245.85, down by 9.16% on the NSE. Notably, the stock price touched its 52-week low at ₹231.10 today.
The share price drop was largely driven by the unlocking of 46 lakh shares, representing 6% of MobiKwik’s outstanding equity, making them eligible for trading. Since its listing on December 18, 2024, MobiKwik’s stock has corrected nearly 61% from its post-listing high of ₹698.30, which was recorded on December 26, 2024.
As of March 17, 10:34 AM, the trading volume was 86.55 lakh shares, amounting to a total transaction value of ₹213.52 crore. MobiKwik’s market capitalisation currently stands at ₹1,913.80 crore, with a free float market capitalisation of ₹355.16 crore.
For the first nine months of FY25, MobiKwik reported growth in its payments business. Payments GMV stood at ₹828 billion, reflecting a 248% year-on-year increase. Total income rose 48% YoY to ₹9,140 million, while the contribution margin remained stable at over 30%, amounting to ₹2,980 million. However, EBITDA stood at a loss of ₹336 million, impacted by a lower contribution margin.
One Mobikwik Systems Ltd was incorporated in 2009. It is a digital banking platform which provides a comprehensive range of financial products for both consumers and merchants
With the lock-in period now over, the stock may continue to experience short-term volatility. Investors will closely watch MobiKwik’s financial performance and strategic growth plans in the coming quarters.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Mar 17, 2025, 11:10 AM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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