Meesho Share Price Live: Stock Surges Another 8% After 46% Premium Listing on NSE & BSE

Meesho made a blockbuster debut on Dalal Street on Wednesday, listing at a massive 46% premium over its IPO price of ₹111. The stock opened around ₹161 on both NSE and BSE at 10 AM and continued its upward momentum, jumping further to ₹177.49 — an additional 8% post-listing surge.

The Bengaluru-based e-commerce platform’s ₹5,421.20 crore IPO, which saw an impressive 79x subscription, has emerged as one of the most talked-about tech listings of the year.

Grey Market Premium & Expected Listing

Ahead of its debut, Meesho maintained a strong performance in the grey market, with a GMP of ₹39–40, indicating a 35% listing premium. Based on the GMP, analysts had estimated a listing price near ₹150–151 — a prediction the stock comfortably exceeded.

Analyst Calls & Market Outlook

Brokerages are largely optimistic after the debut:

InCred Equities has issued a Subscribe rating for short-term gains, noting that Meesho’s valuation at 5.3x market cap/sales still leaves room for upside. However, it cautions that sustaining EBITDA breakeven remains a challenge due to the complexities of scaling monetisation and supply-chain optimisation.

Motilal Oswal has also given a Subscribe recommendation, highlighting Meesho’s zero-commission model, its strong Bharat footprint, and growing ad-led commerce engine. The brokerage notes that valuations at 4.5x price-to-sales appear attractive compared to peers at around 7x.

Prasenjit Paul, Equity Research Analyst and Fund Manager at Paul Asset, sees sizable growth potential in Tier-2 and Tier-3 markets. But he warns that profitability is still nascent and must be monitored closely along with rising valuations.

First Rating After Listing

Meesho has received its first coverage post-listing from Choice Institutional Equities, which initiated a BUY rating with a target price of ₹200 — signalling an 80% upside from the IPO price and a 24% jump from the listing level.

Key Risks & Concerns

• Losing active customers or sellers could affect revenue and profitability
• Heavy dependence on COD orders could lead to operational inefficiencies
• Competitive Strengths
• Self-reinforcing tech-driven flywheel model
• AI-first approach for operations
• Everyday low-price positioning
• Capital-efficient scaling capability
• Agile, innovation-focused leadership team

Following its stellar debut, Meesho remains in sharp focus among retail and institutional investors eyeing the growing digital value-commerce space.