Shares of Mobikwik and Ola Electric plummet amid the stock market's decline.

Early Monday trading saw a 15% decline in One MobiKwik Systems' shares, the parent company of digital payments service MobiKwik, which fell to a new 52-week low of Rs 231.05. On Monday, the BSE saw a record low of Rs 46.94 for Ola Electric Mobility, a 6.69% decline.Four hours priorIn the midst of high volumes in an otherwise stable market, shares of One Mobikwik Systems (Mobikwik), Inventurus Knowledge Solutions (IKS), Ola Electric Mobility (Ola), Hexaware Technologies, and Awfis Space Solutions plummeted up to 15% on the BSE during intraday trading on Monday. In intraday trading today, nine stocks on the BSE IPO index, including IKS, Mobikwik, Ola, and Hexaware Technologies, each reached a new low.

Ceigall India, Emcure Pharmaceuticals, Gopal Snacks, Saraswati Saree Depot, Quality Power Electrical Equipments (QPower), and Western Carriers (India) are on the list.The BSE IPO index was down 0.6% at 12,921.79 at 10:01 AM, while the BSE Sensex was up 0.63 percent. Since hitting its 52-week high of 17,281 on September 29, 2024, the IPO index has corrected by 25%. The BSE IPO index has suffered a 22% decline, underperforming the market thus far in 2025. By contrast, the BSE Sensex experienced a 5.4% decline within the same time frame.