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Meesho shares hit 5% lower circuit for second straight session

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Date
Company
Meesho
What it does
social commerce platform
Kind
News
Founded
2015

What they do

Meesho is a social commerce platform that connects sellers and buyers in non-metro cities through a commission-free model

What happened

Meesho's shares hit the 5% lower circuit on two consecutive trading sessions after the 30-day lock-in period for anchor investors ended

Why it matters

The company posted a net loss of INR 701 Cr in the first half of FY26, despite a 29% rise in operating revenue to INR 5,578 Cr

The details

  • Meesho shares hit the 5% lower circuit on the BSE for the second straight session on January 8, 2026.
  • Meesho shares fell to INR 164.55 during intraday trading, marking the second consecutive day of a 5% drop.
  • Meesho's 30-day lock-in period for anchor investors ended on January 6, 2026, allowing 10.98 Cr shares to become eligible for trading.
  • Meesho's remaining 10.98 Cr shares of anchor investors will become eligible for trading on March 7, 2026.
  • Meesho shares recovered slightly to INR 165.85 at 14:38 IST, but the stock is on track for a third consecutive session in the red.
  • Meesho made its public debut on December 10, 2025, after its IPO was oversubscribed 79 times.
  • Meesho listed at INR 161.20 per share on the BSE, a 45.2% premium to the issue price of INR 111.
  • Meesho's stock surged nearly 130% from the issue price to reach INR 254.65 on the BSE after listing.
  • Meesho's IPO included a fresh issue of INR 5,421 Cr and an offer for sale of up to 10.6 Cr shares.
  • Meesho's co-founders and investors like Elevation Capital and Y Combinator offloaded shares via the offer for sale.

The bigger picture

  • Meesho is one of India’s largest e-commerce platforms, primarily serving value-conscious users in non-metro cities.
  • Meesho does not charge commission from sellers and earns revenue from delivery, advertising, and assurance services.
  • Meesho posted a consolidated net loss of INR 701 Cr in the first half of FY26, down 72.1% from INR 2,513 Cr a year ago.
  • Meesho's operating revenue rose 29% to INR 5,578 Cr in H1 FY26 from INR 4,311 Cr in H1 FY25.
  • Meesho has 213 Mn annual transacting users, with over 87% from outside India’s top eight cities.

About the business

  • Meesho is a social commerce platform that connects sellers and buyers in non-metro cities.
  • Meesho operates a commission-free model, earning revenue from delivery, advertising, and assurance services.
  • Meesho primarily serves value-conscious users in non-metro cities, where it has a strong presence.
  • Meesho has 213 Mn annual transacting users, with over 87% from outside India’s top eight cities.
  • Meesho reported a net loss of INR 701 Cr in the first half of FY26, despite a 29% rise in operating revenue to INR 5,578 Cr.

The deal

Type
ipo

Investors

  • Elevation Capital (investor) — Venture capital firm that invested in Meesho.
  • Peak XV Partners (investor) — Venture capital firm that invested in Meesho.
  • Venture Highway (investor) — Venture capital firm that invested in Meesho.
  • Y Combinator (investor) — Venture capital firm that invested in Meesho.

Founders

  • Vidit Aatrey, co-founder
  • Sanjeev Barnwal, co-founder

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