Meesho's IPO surges 95% post-UBS buy call, market cap hits ₹97Kcr
Meesho just pulled off the best-performing large IPO of 2025.
After UBS gave it a thumbs-up with a "buy" call, shares shot up nearly 95% from ₹111 to ₹216.34, sending its market value soaring to about ₹97,600 crore.
How big was the IPO?
The IPO ran from December 3-5 and raised ₹5,421 crore. Investors were all in—subscriptions hit 79 times overall and more than 19 times for retail buyers.
When trading started on December 10 at ₹162.50 (a solid 46% above issue price), the stock kept climbing.
What makes Meesho stand out?
Meesho's all about serving value-focused shoppers through an asset-light marketplace model.
The company keeps things efficient and cash-positive while growing fast—UBS expects its user base to jump from 199 million to over half a billion by FY30.
How does it stack up against rivals?
Meesho left competitors like Groww (43%) and LG Electronics India (36%) in the dust with its debut gains, further establishing its position in India's e-commerce sector.