Meesho
Meesho soars 46% on market debut! Shares skyrocket over IPO price, investors celebrate big gains
Mumbai/IBNS: E-commerce major Meesho made a strong debut on the stock market on Wednesday, with shares listing at a 46% premium over the IPO issue price of ₹111 per share, media reports said.
Meesho started trading at ₹162.50 on the NSE, reflecting a 46.40% premium over the issue price. On the BSE, the stock debuted at ₹161.20, marking a 45.23% premium.
Prior to the market debut, Meesho saw robust activity in the grey market, with the grey market premium (GMP) at ₹35–36 per share, which surged to ₹42–44 during the bidding phase.
The Bengaluru-based company had launched its IPO between December 3 and 5, offering shares in the price band of ₹105–111 per share with a lot size of 134 shares. The strong listing underscores high investor demand and confidence in Meesho’s growth story.
What this means for investors (or people watching IPOs)
- The 46% listing-day gain suggests exuberant market optimism — early investors saw a large paper gain.
- For new investors, while the listing jump was attractive, one should consider long-term fundamentals (profitability, growth sustainability, competition) rather than just initial hype.
- Meesho’s model — targeting value-conscious consumers and smaller towns — gives it a potentially large growth runway, especially as digital penetration in India continues to increase.
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