Meesho Shares Surge 3.5% at Open: Post-IPO Momentum Builds

Meesho's listing enthusiasm continues with a strong 3.5% opening pop, reflecting investor confidence in its social commerce model targeting underserved Bharat markets. The ₹5,421 crore IPO (Dec 3-5) listed at ₹162.50 on NSE—3% above issue price—before climbing to 52-week high of ₹177.49.
Volume exceeded 14 lakh shares early, with VWAP at ₹176, supported by Choice Equities' ₹200 target. Meesho's focus on 80% tier-2/3 users via COD drives growth despite losses.

Key Highlights:

Opening Gain: +3.5% to ₹176 (NSE); BSE +2.8% at ₹175.​

IPO Recap: Subscribed 79x; listed ₹162.50 (3% premium).

52W High: ₹177.49 on Dec 10; mcap ~₹76,700 Cr.

Analyst View: Buy calls; ₹200 target (Choice Instl).​

Fundamentals: Revenue ₹9,387 Cr; debt-free post-IPO.

Sources: Samco.in, Moneycontrol, Yahoo Finance.