Meesho Shares Drop 5% After One-Month Lock-In Ends

Shares of ecommerce company Meesho fell 5% to touch the lower price band at INR 173.20 apiece on the BSE today, after the anchor investors’ 30-day lock in period ended yesterday. 

Following the lock-in expiry, as many as 10.98 Cr Meesho shares became eligible to trade. The lock-in period for the remaining 10.98 Cr shares of anchor investors will end on March 7.

After today’s fall, the stock price of Meesho is close to INR 170.20 – the price at which the shares ended their maiden trading session. The company’s public issue was subscribed 79X and the shares made a bumper listing on December 10. The stock got listed at INR 161.20 per share on the BSE, a premium of 45.2% to the issue price of INR 111. 

Following the listing, the stock surged nearly 130% from its issue price to touch a high of INR 254.65 on the BSE.

Meesho’s IPO comprised a fresh issue of INR 5,421 Cr and an offer for sale of up to 10.6 Cr shares. Cofounders Vidit Aatrey and Sanjeev Kumar and investors like Elevation Capital, Peak XV Partners, Venture Highway, and Y Combinator offloaded shares via the OFS.

Y Combinator, which offloaded 71.9 Lakh shares via the IPO, raked in 108X return from the public offering. Meanwhile, Elevation Capital bagged 37X return on its investment.

Meanwhile, brokerages have been bullish on the stock. UBS initiated coverage on the stock with a ‘Buy’ recommendation and a price target of INR 220.

On the financial front, Meesho posted a consolidated net loss of INR 701 Cr in the first half of FY26, down 72.1% from INR 2,513 Cr a year ago. Operating revenue rose 29% to INR 5,578 Cr during the period under review from INR 4,311 Cr in H1 FY25. 

Source: Inc42 Datalabs

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