The Meesho share price came under sharp pressure in the stock market today, catching investor attention after two straight sessions of heavy selling. What started as profit booking quickly turned into a deeper correction, pulling the stock down to its lower circuit and wiping out part of its recent post-listing gains.
The fall comes after a strong early run following Meesho’s recent debut on Dalal Street. For many investors, the last two sessions marked the first real test of sentiment after the euphoria around the listing cooled off.
Market Performance: Meesho Share Price Hits Lower Circuit
Selling pressure dominated trade on Monday, December 22, as Meesho shares extended losses for the second consecutive day.
Key market movements:
- Meesho share price fell 10% during the session
- The stock hit the lower price band of ₹202.05 on the BSE
- Two-day decline crossed 14%
- The stock had touched a record high of ₹254.65 on Friday
The sharp reversal suggests traders chose to lock in profits after last week’s rally rather than chase higher levels.
From Record High to Pullback: What Changed
Just days ago, Meesho shares were trading at record levels. Friday’s peak of ₹254.65 marked the high point of a strong post-listing surge. However, momentum quickly faded as selling emerged at higher valuations.
This shift reflects a classic post-listing pattern seen in the stock market today, where newly listed stocks often see volatility once early gains are booked.
IPO Journey Still Strong Despite the Fall
Even after the recent correction, Meesho’s overall IPO performance remains notable.
IPO snapshot:
- IPO price band: ₹105–₹111
- Listing date: December 10
- Listing premium: 46% over issue price
- Post-listing peak gain: 53% above IPO price
Despite the fall, Meesho share price is still about 82% higher than its IPO price, leaving early investors with sizable gains intact.
Multibagger Tag Slips, But Returns Stay Elevated
Last week’s rally had briefly pushed Meesho into multibagger territory. However, Monday’s decline erased that label.
What changed:
- The recent fall ended Meesho’s short-lived multibagger status
- Even so, the stock continues to trade well above its issue price
- Returns remain strong for investors who entered at the IPO stage
This highlights how quickly sentiment can shift in newly listed stocks, especially after sharp upside moves.
IPO Subscription Reflects Strong Early Demand
Investor interest during the IPO phase was exceptionally high, reflecting strong demand at the time of listing.
IPO subscription details:
- Total issue size: ₹5,421 crore
- Subscription level: 79.02 times
- Fresh issue: ₹4,250 crore
- Offer for sale: 10.55 crore shares worth ₹1,171 crore
The overwhelming response set the stage for Meesho’s strong market debut earlier this month.
What the Recent Move Signals in the Stock Market Today?
The recent slide in Meesho share price shows how quickly momentum-driven stocks can correct once profit booking sets in. After a fast climb from IPO levels, the stock is now seeing a phase of consolidation through sharp price action.
Such moves are not unusual in the stock market today, especially for newly listed companies that witness heavy participation in their early trading sessions.
Summary: Meesho Share Price Action at a Glance
- Meesho shares fell 10% to hit the lower circuit at ₹202.05
- The stock has declined over 14% in two sessions
- Recent peak stood at ₹254.65
- IPO priced at ₹105–₹111, listed at a 46% premium
- Shares are still 82% above IPO price
- IPO saw 79.02 times subscription, reflecting strong early demand
The Meesho story remains one of sharp post-listing volatility, where early optimism has now given way to a more cautious phase of price discovery in the stock market today.
Source: Livemint
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