Results · Commerce & Consumer Brands

Meesho shares hit lower circuit after lock-in expiry

By Startup Enthusiast · 7 January 2026

What they do

Meesho operates an online value commerce marketplace connecting budget-conscious buyers with sellers across India

The company's shares hit the 5 percent lower circuit following the expiry of its 30-day shareholder lock-in period

Brokerages initiated coverage with mixed ratings, noting full valuations despite strong scale and improved logistics efficiency

Meesho shares hit a 5 percent lower circuit for two consecutive sessions following the expiry of its 30-day anchor investor lock-in period.
Around 10.98 crore shares became eligible for trading, increasing share supply and triggering profit-taking after a post-IPO rally.
The stock traded near its listing price of ₹162.50, declining significantly from its post-listing peak of ₹254.40.
International brokerages Morgan Stanley and JM Financial initiated coverage on the company with Equal-weight and Reduce ratings respectively.
The company also announced the resignation of general manager for business Megha Agarwal, with Milan Partani succeeding her as general manager of commerce platform.

The online retail enterprise officially entered the public markets on December 10, 2025, subsequent to its ₹5,421 crore primary share offering achieving a subscription rate of 79 times.
The company posted a consolidated net loss of ₹701 crore for the first half of fiscal year 2026, narrowing from the previous year.

Meesho operates an asset-light marketplace connecting buyers, sellers, logistics partners, and content creators without charging seller commissions.
The platform monetises through advertising, delivery services, assurance services, and data insights rather than inventory markups.
It primarily serves value-conscious shoppers across tier-2 and smaller towns, accounting for a large share of India's e-commerce transacting users.
The company developed its proprietary logistics platform called Valmo to reduce delivery costs and improve reliability in smaller towns.

SoftBank (existing) — Global technology investment firm and early backer of the company.