Meesho Shares Soar Over 53% On Market Debut, Valuation Tops ₹77K Cr
Meesho made a strong stock market debut, listing over 53% above its issue price of ₹111. The stock opened above ₹160 on both NSE and BSE and hit highs near ₹177. Its market valuation crossed ₹77,000 crore. The IPO, subscribed 79 times, raised ₹5,421 crore for expansion, cloud infrastructure, marketing, and acquisitions.