Shares of Meesho made a strong start on Dalal Street on Wednesday, listing at a sharp premium after heavy investor interest during its initial public offering. The stock debuted at Rs 162.05 on the NSE and Rs 161.20 on the BSE, marking a gain of nearly 46% over its issue price of Rs 111.

The strong listing came after Meesho’s IPO saw overwhelming demand across investor categories, reflecting confidence in the company’s growth story and its focus on value-led ecommerce. Market participants had widely expected a healthy debut, given the strong subscription numbers and the broader interest in new-age internet platforms.

Prashanth Tapse, Senior VP (Research) at Mehta Equities Ltd, had earlier said that Meesho was likely to debut at a premium of 25–30%, supported by strong subscription moment

See Full Page