Meesho shares rally 95% since listing last week

Bengaluru: Meesho’s shares closed at Rs 216.3 on Wednesday on the NSE, hitting the 20% upper circuit and nearly doubling their IPO price within days of debut. The e-commerce company’s stock has gained about 95% since it got listed on Dec 10 at Rs 111 per share. The surge, which has pushed the company’s market cap to Rs 98,000 crore, makes Meesho rank among top-performing IPOs of 2025.

The stock surged to its upper circuit early in the day and remained locked there through the close, with over 18 crore shares traded. Its rally comes amid an active period for primary and secondary market activity, with investor appetite remaining strong for consumer internet and technology-led businesses.

Separately, global brokerage UBS initiated coverage on the stock earlier this week with a buy rating, though market participants said the latest move appeared driven largely by post-listing momentum and demand for newly listed consumer-facing companies.

The rally follows sharp gains in the stock earlier this week, which took co-founder and CEO Vidit Aatrey’s personal stake beyond the $1-billion mark. Shares rose over 70% from the IPO price in the first few sessions after listing.