Shares of fintech company One Mobikwik Systems witnessed a sharp decline of nearly 15% on Monday, March 17, hitting a fresh 52-week low. This drop follows the expiry of the three-month IPO lock-in period, allowing 5 million shares—equivalent to 6% of the company’s total outstanding shares—to be available for trading.
Despite the lock-in expiration, it does not necessarily mean all shares will be sold immediately. However, investor sentiment took a hit as uncertainty over potential sell-offs loomed.
Mobikwik’s stock opened at ₹269.95, lower than the previous close of ₹270.50. It continued to decline throughout the day, reaching an all-time low of ₹231.05 in intraday trading. The sharp fall has raised concerns among investors regarding short-term volatility.
Analysts suggest that the selling pressure may continue in the coming sessions, depending on how early investors react to the lock-in expiry. Market participants will be closely monitoring the stock’s movement as the increased supply of shares enters trading.
