Bumper Debut! Meesho share price lists at solid 46% premium over IPO price
- On Wednesday, Meesho debuted on the NSE at Rs 162.50 and on the BSE at Rs 161.20, marking around a 46% premium over the Rs 111 IPO price.
- Ahead of the debut, the grey market showed a premium of Rs 43 and a price band Rs 105–111, with subscription 79.03 times and institutional investors subscribing 120 times their portion, suggesting an estimated listing price of Rs 154.
- In its DRHP the company said most fresh-issue proceeds would fund Meesho Technologies, including cloud infrastructure, marketing, and AI/ML staff salaries.
- After listing, Meesho shares surged and were trading at Rs 170.02 on the NSE, about 5 per cent above the listing price, with most brokerages remaining positive.
- Meesho's FY25 revenue nearly Rs 3,942 crore and losses narrowed to Rs 289 crore, with a 31% FY25–28 revenue CAGR forecasted, boosting investor interest.
23 Articles
23 Articles
Meesho's shares list at over 53 pc premium; market valuation hits Rs 77,000 cr
New Delhi: E-commerce firm Meesho made a strong debut on the stock exchanges on Wednesday and listed at over a 53 per cent premium against the issue price of Rs 111, taking the company’s market valuation to Rs 77,000 crore. The stock opened trading at Rs 162.50, up 46.40 per cent from the issue price on the NSE. During the day, it surged by 59.90 per cent to hit a high of Rs 177.49 apiece. The scrip ended the session at Rs 170.45 apiece, up by 5…
Meesho IPO Listing Today: Shares of E-Commerce Giant Debut at 46% Premium, Above IPO Price of INR 111; Market Capitalisation Crosses INR 72,750 Crore
Meesho IPO made a strong market debut today, with shares listing at a significant premium over the issue price. The e-commerce platform’s performance reflects robust investor interest and market enthusiasm. Early trading shows positive momentum, highlighting Meesho’s position in India’s growing digital commerce sector and setting the tone for its future market journey. Meesho IPO Listing Today: Shares of E-Commerce Giant Debut at 46% Premium, Ab…
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