Meesho shares jump 70% after IPO; UBS says "Buy"
Meesho made a splashy stock market debut on December 10, 2025—shares closed 53% above the IPO price and kept climbing, hitting over ₹180 by December 16.
The big surge is partly thanks to limited shares available for trading, which can make prices swing higher.
What does Meesho do?
Meesho is an Indian e-commerce platform launched in 2015 that's all about affordable shopping for users in smaller cities and towns.
Meesho stands out by focusing on value-conscious shoppers and has quickly grown its user base.
Other key details
IPO buzz: Meesho's three-day IPO raised ₹5,421 crore and was wildly popular—oversubscribed 79 times overall (with QIBs lining up 120 times over). This pushed its market cap above ₹86,000 crore.
Analyst outlook: Swiss bank UBS just started coverage with a "Buy" rating and a target of ₹220. They're upbeat about Meesho's asset-light model and positive cash flow. UBS expects strong growth ahead: annual transacting users could more than double to over 500 million by FY30, while order frequency rises and costs drop as logistics improve—even if the average order value dips a bit.