Meesho's stock price nearly doubles since IPO, hits record high
Meesho's stock has taken off since its December 10 IPO, jumping 110% over 8 days.
After debuting at ₹111, shares even touched a record ₹233.6 before easing back.
The company's market cap is now over ₹1 lakh crore—pretty impressive for such a recent listing.
IPO numbers: What went down?
Meesho's three-day IPO raised ₹5,421 crore and saw huge demand—it was subscribed 79 times overall!
Big institutional investors led the pack (120x), but retail investors were keen too (19x).
The stock listed at a strong 46% premium and finished its first day up over 53%.
What does Meesho do?
Meesho runs an e-commerce marketplace connecting buyers, sellers, logistics partners, and creators—especially in smaller cities and towns.
Its recent price surge also got a boost after UBS started recommending the stock to investors.