Meesho made an impressive entry into the stock market as its shares surged 46% over the IPO price on their first day of trading. The strong listing reflected high investor confidence in the company’s business model and future growth.
On the National Stock Exchange (NSE), Meesho shares opened at ₹162.50, compared to the IPO issue price of ₹111. On the Bombay Stock Exchange (BSE), the stock listed at ₹161.20, showing similar strong gains.
As trading progressed, the stock continued to rise and touched a high of around ₹177.50 during the session, marking a sharp jump of nearly 60% from the issue price.
The IPO received overwhelming interest from investors, with subscriptions running close to 79 times the shares on offer. Strong demand came from institutional investors, retail participants, and high-net-worth individuals.
Market experts believe the strong debut was driven by Meesho’s growing presence in India’s fast-expanding e-commerce sector, especially its popularity in smaller cities and among budget-conscious customers.
The successful listing positions Meesho as one of the standout IPO performers of the year and signals strong investor faith in digital-first consumer businesses.