The newly-listed shares of Meesho jumped as much as 13 percent on December 16, hitting their highest level since listing earlier this month, as strong investor interest continued in the e-commerce platform. The stock has now rallied 74 percent from its IPO price.
During intraday trade, Meesho shares climbed to Rs 193.44 apiece, before giving up some gains. By mid-session, the stock was trading sharply higher with heavy volumes, reflecting sustained buying momentum.
Meesho’s Strong Stock Market Debut
Meesho made an impressive debut on the stock exchanges on December 10, listing at Rs 162.50 per share on the NSE, a premium of over 46 percent to its issue price of Rs 111 per share.
The strong listing followed overwhelming demand for the company’s Rs 5,421-crore initial public offering, which was subscribed 79 times, underscoring robust investor appetite for India’s fast-growing e-commerce and digital platform businesses.
Meesho Share Price Performance at a Glance
- Intraday high: Rs 193.44
- Gain from IPO price: ~74%
- Listing price: Rs 162.50
- IPO price: Rs 111
The sharp rally highlights continued optimism around Meesho’s growth prospects and its positioning in India’s expanding online commerce ecosystem.
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