Meesho Shares Jump 46% On Market Debut
Meesho made a strong entry to the stock market with its shares listing at ₹162.50 on the NSE, a premium of more than 46% over the issue price of ₹111. On the BSE, the stock opened at ₹161.20. The sharp debut gives early investors a sizeable gain from the first day of trading.
Heavy demand for IPO
The Meesho public issue received strong demand across investor categories. The IPO was subscribed around 79 times, reflecting high interest from institutional buyers, retail investors and non-institutional participants. Market watchers said the response showed confidence in the company’s growth prospects.
Gains for allottees
Investors who received allotment in the IPO saw immediate paper profits, as each lot showed a significant increase in value. Analysts said the listing premium was higher than expected and could help boost sentiment around upcoming new issues.
Focus now on performance
Experts cautioned that while the listing day pop was impressive, long-term performance will depend on business fundamentals. Meesho’s ability to scale, manage costs and compete in the e-commerce space will be closely monitored by the market in the coming quarters.
