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Recently listed stock falls 15% after IPO lock-in expiry, 60% down since listing

Recently listed stock fell 14.6% to ₹231.05 after IPO lock-in expiry, unlocking shares. It dropped 61% from its high, raising concerns amid weak indicators and financial struggles.
Recently listed stock fell 14.6% to ₹231.05 after IPO lock-in expiry, dropping 61%.
Recently listed stock fell 14.6% to ₹231.05 after IPO lock-in expiry, dropping 61%.

Introduction:

Recently listed stock plunged 14.6% to a 52-week low of ₹231.05 after its IPO lock-in expiry, unlocking 46 lakh shares. It has dropped 61% from its post-listing high, facing investor concerns amid weak technical indicators and financial performance.

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Share Price movement of One MobiKwik Systems:

On March 17, 2025, One MobiKwik Systems Limited opened at ₹269.55, reaching a high of ₹269.55, with a low of ₹231.10 down 15% from its previous close of ₹270.65. The stock is currently trading at ₹248.70, with a market cap of ₹1,932.06 crore.

One MobiKwik Systems share price fall:

One MobiKwik Systems shares fell 14.6% to a 52-week low of ₹231.05 after the expiry of a three-month IPO lock-in, unlocking 46 lakh shares (6% of total stock). The stock has dropped 61% from its post-listing high of nearly ₹700, raising investor concerns.

Also Read: Technical Made Simple: 3 Technical Analysis Tools Used by Traders

Over the past week, shares declined 13%, extending to 24% in a month and 11% over three months. Technical indicators show continued weakness, with the stock trading below key moving averages. The 14-day Relative Strength Index (RSI) at 25.2 shows oversold conditions, hinting at further downside risk.

For Q3 FY24, One MobiKwik Systems reported a ₹55.28 crore net loss, reversing a ₹5.27 crore profit a year earlier. Revenue rose 17.7% to ₹269.47 crore. The company debuted on December 18, 2024, at a 58.51% premium, initially listing at ₹442.25 on the BSE.

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Stock performance of One MobiKwik Systems for Period of 1 week:

One MobiKwik Systems stock declined by 0.93% over the past week, reflecting slight downward movement. This drop indicates short-term weakness, with investors closely monitoring market trends. 

Shareholding pattern of One MobiKwik Systems:

All values in %Dec-24
Promoters25.18
FII4.83
DII8.85
Retail & others61.13
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Also Read: Agrochemical stocks with high piotroski score of 9 to watch out for

About One MobiKwik Systems:

One MobiKwik Systems is a leading digital payments provider, offering mobile wallets, Buy Now Pay Later (BNPL) services, and financial solutions. It enables seamless transactions, merchant payments, and credit access, catering to India’s growing fintech ecosystem with innovative financial products and user-friendly platforms.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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