Meesho lists at over 53% premium

E-commerce firm Meesho made a strong debut on the stock exchanges on Wednesday and listed at over a 53 per cent premium against the issue price of Rs 111, taking the company’s market valuation to Rs 77,000 crore.

The stock opened trading at Rs 162.50, up 46.40 per cent from the issue price on the NSE. During the day, it surged by 59.90 per cent to hit a high of Rs 177.49 apiece. The scrip ended the session at Rs 170.45 apiece, up by 53.56 per cent.

On the BSE, Messho’s shares made a debut at Rs 161.20, registering a jump of 45.22 per cent. In the intraday session, the stock climbed 59.95 per cent to hit a high of Rs 177.55 before closing at Rs 170.20 apiece, up by 53.33 per cent.