Meesho shares slip after IPO excitement
Meesho's stock cooled off by 3% to ₹162.25 on Friday, following a strong two-day rally from its IPO price of ₹111.
After debuting at ₹162.05 on the NSE and briefly hitting ₹176.80, the shares saw their first significant closing dip post-listing.
IPO buzz: Big demand, big numbers
Meesho's IPO raised a hefty ₹5,421 crore earlier this week and was oversubscribed 81.76 times—serious FOMO among investors!
62.75 lakh applications poured in, with institutional buyers leading the charge.
What does Meesho actually do?
Meesho runs a super-scalable online marketplace for affordable fashion, beauty, and home essentials—think low-cost finds for everyone.
In FY25 alone, it served 234 million shoppers and worked with more than 7 lakh sellers.
Revenue jumped 26% to ₹9,901 crore last year, though losses also grew to ₹3,942 crore.
The good news: Meesho is still debt-free.
Analyst vibes: Hopeful for the long run
Despite this week's share dip, analysts like Choice Institutional Equities are optimistic—predicting Meesho could break even by FY27 and setting a target price of ₹200.
There's still plenty of confidence in where Meesho is headed next.