Shares of One MobiKwik Systems Ltd., the parent company of digital payments platform MobiKwik, fell as much as 8 percent to Rs 247 intraday as the mandatory six-month lock-in period for pre-IPO shareholders came to an end today.

According to a note by Nuvama Alternative & Quantitative Research, around 3.8 crore shares are now eligible for trade following the expiry of the lock-in. However, this does not imply that all these shares will be offloaded in the market immediately — it simply means they can now be traded.

MobiKwik had made a blockbuster debut in the public market, listing at a sharp 58 percent premium over its issue price of Rs 279. But the stock has since retreated sharply, eroding close to 64 percent from its post-listing peak of Rs 698.

The end of the lock-in coincides with lingering investor concerns around the company’s financials. The company's net loss widened 83x to Rs 56 crore in the March quarter of the financial year 2025.

The company reported that its revenue from operations reduced 0.6 percent to Rs 267.70 crore in the March quarter of FY25 against Rs 269.40 crore, QoQ. The earnings before interest, taxes, depreciation and amortisation (EBITDA) loss was reported at Rs 56.5 crore against an EBITDA loss of Rs 47.60 crore QoQ.

At about 1:10 pm, shares of the company were trading at Rs 249, lower by 7.6 percent from the last close on the NSE. Mobikwik shares have tanked 58 percent since the beginning of the year.