Mobikwik share price tanks nearly 15% to fresh 52-week low on IPO lock-in expiry

Shares of One Mobikwik Systems, a fintech company, tumbled nearly 15% to a fresh 52-week low on Monday, March 17, following the three-month share lock in opening.

According to Nuvama Institutional Equities, 5 million equity shares, representing 6% of the company’s total outstanding shares, will be available for trading in the market following the expiry of the three-month lock-in period.