India, March 11 -- Shares of MobiKwik slumped as much as 4.18% to INR 261.2 apiece during the intraday trading on the BSE on Tuesday (March 11) to touch a fresh all-time low.

This was the third consecutive session of decline for the stock. However, it pared some of the losses to trade 1.47% lower at INR 268.60 at 2:06 PM. Its market capitalisation stood at INR 2,086.65 Cr, with as many as 19.5 Lakh shares being traded by then.

MobiKwik made its Dalal Street debut in December last year. Its shares got listed at INR 442.25 on the BSE, a premium of 59% to its issue price of INR 279.

However, amid the decline in the Indian equities market over the past few months, shares of MobiKwik have slipped below their IPO price.

The stock has declin...