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Meesho shares retreat after sharp IPO rally as valuation debate intensifies
Meesho shares slipped 6–7 percent after a strong IPO rally as investors reassessed valuations and analysts flagged near-term volatility.
Meesho Limited’s newly listed stock saw profit taking on December 22 after a strong post-IPO rally, with shares trading in the ₹209–₹212 range by midday, around 6–7 percent lower from the previous close. The decline followed a rapid surge that had briefly pushed the company’s market capitalisation close to the ₹1 trillion mark. Market participants attribute the move to short term valuation reassessment rather than a shift in fundamentals.