Meesho Share Price Today: Hits 5% Lower Circuit After Lock-In Expiry, Trades Near Listing Price

Market Performance

Shares of Meesho faced a significant dip on January 7, hitting the lower circuit limit of 5% and trading at Rs 173.13. This comes immediately after the one-month shareholder lock-in period ended.

The stock has now extended losses for the second consecutive session, trading close to its listing price of Rs 162.50. Overall, the stock is down around 32% from its December high of Rs 254.40.

• Current price: Rs 173.13
• Listing price: Rs 162.50
• All-time high post-listing: Rs 254.40
• Loss since December high: ~32%

Meesho’s One-Month Lock-In Expiry

The lock-in period expiry has made approximately 10.99 crore shares eligible for trading. This represents about 2% of Meesho’s total outstanding equity.

• Eligible shares for trading: 10.99 crore
• Approximate market value of these shares: Rs 2,002.82 crore (based on previous closing of Rs 182.24 per share)

It’s important to note that this doesn’t mean all shares are being sold immediately. The expiry simply allows these shares to be traded freely in the market.

Meesho’s Strong Market Debut

Meesho entered the stock market with a listing on December 10 at Rs 162.50 per share, marking a 46% premium over its IPO price of Rs 111 per share.

The IPO raised Rs 5,421 crore and was subscribed 79 times, reflecting strong investor interest in the e-commerce platform. Since then, the stock surged initially but has recently cooled off:

• Listing price: Rs 162.50
• IPO price: Rs 111
• Peak post-listing price: Rs 254.40
• Current market capitalization: Rs 78,136 crore

Meesho Shares Performance Since Listing

After listing, Meesho shares jumped sharply by 65%, reaching Rs 254.40 on December 18, before gradually pulling back. The recent downward trend has brought the stock close to its listing price, reflecting profit-taking and market adjustments.

• Peak gain since listing: 65%
• Current trend: Near listing price
• Recent decline: ~32% from December high

Company Details

Meesho has focused heavily on improving operational efficiency, particularly in its logistics and delivery system. Over the last few years:

• Cost per order reduced from Rs 55 in FY23 to Rs 46 in FY25
• Cash-on-delivery orders decreased from 90% to 61% in H1 FY26
• Logistics platform Valmo enhanced delivery reliability in smaller towns, reducing repeat and failed deliveries

These operational improvements aim to strengthen cash flows and improve capital efficiency, though market performance has been more influenced by lock-in expiry and valuation adjustments rather than business fundamentals.

Summary

Meesho’s stock has seen a volatile ride since listing, with strong initial gains tempered by recent declines. The expiry of the one-month lock-in period has increased the supply of tradable shares, contributing to the 5% lower circuit hit on January 7.

Key takeaways:

• Stock trades near listing price of Rs 162.50
• Experienced 32% fall from December high
• Lock-in expiry adds 10.99 crore tradable shares (~Rs 2,002.82 crore)
• Market capitalization currently at Rs 78,136 crore
• Operational improvements in logistics continue to support business fundamentals

Source: Moneycontrol