Meesho Shares Hit 5% Lower Circuit For Second Straight Session

Shares of recently listed ecommerce unicorn Meesho slumped 5% to hit the lower circuit at INR 164.55 apiece on the BSE during the intraday trading today. This was the second straight session when the stock hit the 5% lower circuit.

Notably, the 30-day lock-in period for Meesho’s anchor investors ended on Tuesday (January 6), following which 10.98 Cr shares of the company became eligible to trade. The lock-in period for the remaining 10.98 Cr shares of anchor investors will end on March 7.

Shares of Meesho recovered from the day’s low and were trading 4.24% lower at INR 165.85 on the BSE at 14:38 IST. The stock is on track to end its third consecutive session in the red.

It is pertinent to mention that the benchmark indices were also in the red today. At 14:38 IST, Nifty 50 was down 0.81% at 25,930 and Sensex was 0.71% lower at 84,314.

Yesterday, Meesho informed the exchanges that its senior management personnel (SMP) and general manager for business Megha Agarwal resigned. She was with the company since 2019, joining as the chief of staff, according to her LinkedIn profile.

Meesho said that Milan Partani, general manager of user growth and content commerce, will succeed Agarwal as the general manager of commerce platform.

Meesho made its public debut on December 10, after its IPO was oversubscribed over 79X. The stock got listed at INR 161.20 per share on the BSE, a premium of 45.2% to the issue price of INR 111. Following the listing, the stock surged nearly 130% from its issue price to touch a high of INR 254.65 on the BSE.

Founded in 2015 by Vidit Aatrey and Sanjeev Barnwal, Meesho is among India’s largest ecommerce platforms. It doesn’t charge commission from sellers and earns revenue from delivery of goods, platform advertising, assurance services, and other platform offerings.

The marketplace primarily caters to a value-conscious user base in non-metro cities. Of its 213 Mn annual transacting users in the 12 months ended June 30, 2025, more than 87% came from outside India’s top eight cities.

On the financial front, 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. Operating revenue rose 29% to INR 5,578 Cr from INR 4,311 Cr in H1 FY25.