Meesho stock lists at 46% premium
NEW DELHI: E-commerce platform Meesho made a stellar debut on the exchanges as its shares were at 46% premium over its initial public offer (IPO) price on Wednesday. On the BSE, the scrip was listed at Rs 161.20 per share, a premium of 45.23% and on the NSE it was listed at Rs 162.50, a premium of 46.4%. The company’s market capitalization post listing surged to Rs 72,752 crore.
Meesho’s IPO was priced in the range of Rs 105–111 a share, valuing the company at Rs 50,096 crore at the upper end of the price band.
