The stock of social commerce giant Meesho witnessed a spectacular rally on Wednesday, locking at the 20% upper circuit on the National Stock Exchange (NSE). The shares closed at a robust ₹216.3, a move that has nearly doubled the stock's value compared to its initial public offering (IPO) price within days of its market debut.
A Meteoric Rise Since Listing
Meesho's journey on the public markets began on December 10, 2025, with its shares listing at ₹111 apiece. Since that debut, the stock has delivered staggering returns to its early investors, gaining approximately 95% in a matter of sessions. The surge on Wednesday was particularly forceful, with the stock hitting its upper price band early in the trading day and remaining locked there until the closing bell. The trading session saw immense activity, with over 18 crore shares changing hands, reflecting frenzied investor interest.
Market Cap Swells and Leadership Milestone
This relentless rally has propelled Meesho's market valuation to a staggering ₹98,000 crore, firmly establishing it as one of the top-performing IPOs of 2025. The bull run has also created significant wealth for its founders. Earlier this week, the sharp appreciation pushed the personal stake of co-founder and Chief Executive Officer Vidit Aatrey beyond the coveted $1-billion mark, a landmark achievement for the Indian startup ecosystem.
The rally occurs against a backdrop of vigorous activity in both the primary and secondary markets. Investor appetite remains notably strong for consumer internet and technology-led businesses like Meesho, which connects sellers with customers primarily through social media platforms.
Analyst Outlook and Market Sentiment
Adding to the positive sentiment, global brokerage firm UBS initiated coverage on Meesho's stock earlier this week, assigning a 'buy' rating. However, several market participants caution that the latest sharp move appears to be driven largely by post-listing momentum and the high demand for newly listed consumer-facing companies. They advise investors to consider the fundamentals alongside the short-term euphoria.
The company's stock had already risen over 70% from the IPO price in the first few trading sessions after listing, setting the stage for Wednesday's circuit-breaking performance. This performance underscores the continued confidence of the Indian equity market in well-positioned new-age tech firms, even as it highlights the volatility and excitement that often surrounds high-profile listings.
