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.
第四季度业绩的关键财务亮点包括：
- 营收增长： 运营收入增至 ₹289 crore，较去年同期报告的 ₹268 crore 增长了 8%。
- EBITDA 回升： 公司报告的 EBITDA 为 ₹10 crore，较去年同期的 ₹56.5 crore EBITDA 亏损有了巨大改善。
- 利润率扩张： EBITDA 利润率提升至 3.5%，高于去年同期的 -21%。
管理层将这一转型归功于支付和金融服务板块的利润率扩张，以及向更高质量贷款产品的战略转型。
核心要点
- 禁售期届满： 随着 IPO 禁售期届满，约 1.6 crore 股股份（价值 ₹317.20 crore）现已可以自由交易。
- 财务扭亏为盈： Mobikwik 已成功从亏损状态转变为在 2026 财年第四季度实现 ₹4.38 crore 的净利润。
- 股价波动： 在触及 ₹698 的高点和 ₹151.95 的低点后，该股目前在 ₹198 附近显示出复苏迹象。