MobiKwik shares plunge 6%, fall below IPO price
MobiKwik's stock just took a big hit, dropping over 7% as the six-month lock-in for early investors expired.
This move put nearly 3.8 crore extra shares into the market, making investors uneasy.
The share price now sits at ₹249—well below its IPO price of ₹279 and down a steep 64% from its post-listing high of ₹698.
MobiKwik's financials and stock performance
MobiKwik is a digital payments platform offering services like Wallet, UPI, Pocket UPI, and Zaakpay gateway.
While their payments volume jumped 203% year-on-year in FY25, things aren't all smooth: they posted a net loss of ₹56 crore in Q4 (March 2025), which is much higher than last year.
Since January 2025 alone, the stock has fallen by 58%.
More trouble ahead for the stock
Technical signals suggest more trouble ahead—the stock is trading below key moving averages and looks oversold on the RSI scale.
All this has left investors pretty anxious about whether MobiKwik can bounce back anytime soon.