Meesho share price: Stock flat a day after a dream debut; check latest update

The stock traded at ₹170.15, up 0.04% on the NSE.

The company, in its regulatory filing, said that it has made a further investment in Meesho Technologies Private Limited (“MTPL”), a wholly-owned subsidiary of the company, through a rights issue.

About Meesho Technologies

Meesho Technologies Private Limited (MTPL) was incorporated on March 22, 2024, under the Companies Act, 2013, as a private limited company.

The Company is an application-based marketplace which is operated under the brand of “Meesho” that connects sellers and end consumers. Its offerings span categories including fashion, accessories, electronics, home and kitchen items, health and fitness equipment, and office supplies.

Its turnover (revenue from operations from March 22, 2024, to March 31, 2025 – ₹93,858.74 million.)

Deal details

MTPL, being a wholly owned subsidiary, is a related party of Meesho. The transaction falls within the ambit of related party transactions and is at arm’s length. Except for the extent of shares held by the Company in MTPL, the company has no interest in MTPL, Meesho added.

Objects and impact of acquisition

Meesho said this investment is a part of the utilisation of the proceeds as specified in the prospectus dated December 05, 2025.

Cost of acquisition

It saw an investment of up to ₹28,900 million, or ₹2,890 crore (1,31,06,57,596 equity shares of ₹22.05 each on a rights basis).

Percentage of shareholding

There will be no change in the percentage of shareholding of the company in MTPL. It will continue to remain a wholly owned subsidiary of Meesho.

Brief background

The company has an application-based marketplace which is operated under the brand of “Meesho” that connects sellers and end consumers. Its offerings span categories including fashion, accessories, electronics, home and kitchen items, health and fitness equipment, and office supplies.

Meesho listing details

On Wednesday, Meesho made a strong debut on the stock exchanges and ended the session at over a 53% premium against the issue price of ₹111, taking the company's market valuation to ₹77,000 crore.

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

On the BSE, Meesho's shares made a debut at ₹161.20, registering a jump of 45.22%. In the intraday session, the stock climbed 59.9% to hit a high of ₹177.55 before closing at ₹170.20 apiece, up by 53.33%.

At the end of the session, the company's market valuation stood at ₹76,926.32 crore and ₹76,813.49 crore on the NSE and BSE, respectively.

Meesho IPO details

The initial public offering (IPO) of Meesho received 79.02 times subscription on the final day of share sale.

The ₹5,421-crore IPO had a price band of ₹105-₹111 per share.

The IPO comprised a fresh issuance of shares worth ₹4,250 crore and an Offer for Sale (OFS) of 10.55 crore shares, valued at ₹1,171 crore at the upper price band, bringing the total issue size to ₹5,421 crore.

Meesho intends to utilise the proceeds to strengthen its cloud infrastructure, enhance marketing and brand-building initiatives, support inorganic growth through acquisitions and other strategic opportunities, and meet general corporate requirements.