Meesho Lists at 46% Premium: Strong IPO Demand Lifts Stock to ₹162 on Debut

Meesho Lists at 46% Premium: Strong IPO Demand Lifts Stock to ₹162 on Debut

Meesho made an impressive debut on Dalal Street on Wednesday, listing at a 46% premium to its IPO price. Shares opened at ₹162.05 on the NSE and ₹161.20 on the BSE, significantly higher than the issue price of ₹111.

The strong listing follows overwhelming demand during the IPO, which raised ₹5,421.20 crore through a combination of fresh issue and offer for sale. The overall IPO subscription stood at 81.76 times, reflecting robust interest from institutional and retail investors. QIBs subscribed 123.34 times, NIIs 39.85 times, and retail investors 19.89 times.

Analysts had anticipated a healthy listing, citing Meesho’s asset-light, value-driven e-commerce model and strong presence in fast-growing categories such as fashion, home & kitchen, and beauty. Prashanth Tapse of Mehta Equities said the stock was expected to debut at a 25–30% premium but exceeded expectations amid strong sentiment for new-age tech companies.

Tapse suggested that short-term investors may choose to book profits, while those with higher risk appetite could hold the stock for 12–18 months, given Meesho’s growth potential and competitive positioning. At the upper price band, the company’s valuation of ₹50,096 crore was considered reasonable compared to peers.

Meesho’s IPO comprised a fresh issue of ₹4,250 crore and an OFS of ₹1,171.20 crore. The issue price band was ₹105–₹111, with a minimum lot size of 135 shares.

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