Meesho Ltd. shares declined as much as 5% on Wednesday, January 7, after nearly ₹2,000 crore worth of equity became eligible for trading following the expiry of the company’s one-month shareholder lock-in period. Shares of Meesho Ltd. hit the lower circuit of ₹173.13 on Wednesday, January 7, extending losses to 5%, as heavy selling followed the expiry of the company’s one-month shareholder lock-in period.
The stock fell to an intraday low of ₹173.13, hitting the lower circuit, compared with its previous close of ₹182.24. Meesho shares opened at ₹179.71 and briefly touched a high of ₹180 before selling pressure intensified in early trade.
According to Nuvama Alternative and Quantitative Research, around 109.9 million shares, representing approximately 2% of Meesho’s outstanding equity, were unlocked for trading on Wednesday. At current market prices, the unlocked shares are valued at about ₹1,973 crore.
Despite the sharp single-day decline, Meesho shares continue to trade well above their IPO price of ₹111, delivering gains of nearly 64% since listing. However, the stock has corrected about 28% from its post-listing high of ₹254, reflecting profit booking and supply pressure following the lock-in expiry.
At current levels, Meesho commands a market capitalisation of approximately ₹78,220 crore. The stock’s 52-week range stands between ₹153.89 and ₹254.40.
Market participants note that lock-in expiries often lead to short-term volatility as early investors and pre-IPO shareholders gain the option to monetise holdings. Analysts will closely track whether selling pressure persists in the coming sessions or stabilises as fresh demand absorbs the newly available shares.
