Mobikwik Shares in Focus as ₹317 Crore IPO Lock-in Period Expires
One Mobikwik Systems is set to witness significant market activity following the expiry of its IPO lock-in period. The move frees up approximately 1.6 crore shares for trading, a development that has caught the attention of institutional and retail investors alike.
Massive Stake Release: What the Numbers Say
According to Nuvama Institutional Equities, nearly 1.6 crore shares are becoming eligible for trade today. Based on the previous closing price of ₹198.25 on the BSE, this unlocked stake is valued at approximately ₹317.20 crore.
While the expiry of a lock-in period often triggers concerns regarding potential selling pressure, it is critical for investors to understand the nuance: the expiry does not mandate an immediate offloading of shares. Instead, it simply removes the regulatory restriction, allowing existing shareholders the freedom to trade their holdings in the open market.
A Volatile Journey Since the December Debut
Mobikwik's stock performance has been a rollercoaster since its market debut in December 2024. The fintech platform initially saw a massive success, listing at ₹442.25—a staggering 59% premium over its IPO price. Following the listing, the stock surged an additional 58%, hitting an all-time high of ₹698.
However, the momentum shifted drastically in the following months. The shares faced a steep decline, tumbling over 78% to hit a lifetime low of ₹151.95 in March. Recent data shows a recovery trend, with the stock rising over 30% to close at ₹198.25 on Wednesday. Currently, the company holds a market capitalisation of ₹1,561 crore.
Improving Fundamentals and Q4 Turnaround
Beyond the stock price volatility, Mobikwik’s underlying financials have shown signs of a significant structural turnaround. In May, the company reported a net profit of ₹4.38 crore for the fourth quarter of FY26, a sharp contrast to the ₹56 crore net loss recorded in the same quarter of the previous financial year.
Sorotan keuangan utama dari hasil Q4 meliputi:
- Pertumbuhan Pendapatan: Pendapatan dari operasional naik menjadi ₹289 crore, meningkat 8% dari ₹268 crore yang dilaporkan pada kuartal yang sama di tahun sebelumnya.
- Pemulihan EBITDA: Perusahaan melaporkan EBITDA sebesar ₹10 crore, sebuah peningkatan besar dari kerugian EBITDA sebesar ₹56,5 crore yang terjadi setahun lalu.
- Ekspansi Margin: Margin EBITDA membaik menjadi 3,5%, naik dari angka negatif 21% pada periode tahun sebelumnya.
Manajemen mengaitkan transformasi ini dengan ekspansi margin di segmen Payments dan Financial Services, di samping peralihan strategis menuju produk pinjaman yang lebih berkualitas tinggi.
Poin-Poin Penting
- Berakhirnya Masa Lock-in: Sekitar 1,6 crore saham, dengan nilai ₹317,20 crore, kini bebas diperdagangkan setelah berakhirnya masa lock-in IPO.
- Pemulihan Keuangan: Mobikwik telah berhasil bertransisi dari posisi merugi menjadi laba bersih sebesar ₹4,38 crore pada Q4 FY26.
- Volatilitas Saham: Setelah menyentuh harga tertinggi ₹698 dan terendah ₹151,95, saham tersebut saat ini menunjukkan tanda-tanda pemulihan di dekat angka ₹198.