Meesho m-cap tops Rs 1 lakh cr in seven sessions after its listing

ET BureauLast Updated: Dec 19, 2025, 05:49:00 AM IST

Synopsis

E-commerce platform Meesho's market capitalization surged past ₹1 lakh crore within seven sessions of its listing, closing Thursday at ₹234 per share. This significant growth, up 37% since its December 10th debut, is attributed to its focus on Tier 2 and 3 city consumers and a robust, asset-light business model generating positive cash flows.

Mumbai: E-commerce marketplace Meesho's market capitalisation crossed the ₹1 lakh crore mark on Thursday, within seven sessions of its listing

Shares of the company ended 8.2% higher at ₹234 on Thursday, after rallying 20%--the day's highest tradeable limit--the previous day. Meesho's market capitalisation was at ₹1,05,607 crore on Thursday, up 37% from ₹76,926 crore on December 10, the day of its listing.

Brokerage UBS on Wednesday initiated coverage on Meesho with a 'Buy' rating and a 12-month price target of ₹220 per share.

UBS' note said that Meesho's focus on lower and middle-income consumers in India's Tier 2 and 3 cities provides a growth runway as online adoption accelerates among these consumers.

"The company's asset-light, negative working capital business model has also ensured positive cash flows, unlike other Internet businesses," said the report.

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