India, March 18 -- Shares of fintech major MobiKwik's parent One MobiKwik Systems rallied over 9% today to reach an intraday high of INR 271.05 on the BSE, erasing the losses of the previous session.

The stock came under heavy selling pressure yesterday, sinking 15% to hit its 52-week low at INR 231.05 on the BSE after the expiration of three-month IPO lock-in period.

After the lock-in expiry, as many as 46 Lakh MobiKwik shares, representing a 6% stake in the fintech company, became eligible for trade.

MobiKwik made a bumper market debut in December 2024. Its shares got listed at INR 442.25 apiece on the BSE, a 58.5% premium to the IPO issue price of INR 279.

However, the stock has declined 44% from its listing price and 11% from its ...