Meesho Shares Slip Days After Dream D-Street Debut; Buy on Dip or Time to Exit? Target Price Inside

Meesho Share Price Today: Shares of Meesho Limited opened in red on Monday, days after making a stellar debut in the Indian stock market last week. The e-commerce seller had made a bumper Dalal Street debut and had later announced a Rs 2890 crore investment in its subsidiary Meesho Technologies Private Limited.

Meesho shares were trading 2% lower at Rs 161.75 per share on BSE with a market capitalisation of Rs 72,999.89 at 9:57 am. The stock had touched an intraday low of Rs 158.40 per share till the time on Monday.

Meesho Share Price Target

Factors like zero-commission model, long-tail depth, content-led demand and logistic integrations are likely to fuel Meesho Limited's outlook in the long term. Choice Institutional Equities has given a 'Buy' rating to Meesho's share price. The brokerage has given a target price of Rs 200 per share.

"Meesho is best placed to monetise this shift via its zero-commission, low-AOV, discovery-led platform serving Tier-2/3 users. Long-tail depth, content-led demand and logistics integration enable superior unit economics, with rising ad/fintech/fulfilment monetisation making Meesho the most leveraged play on the next 100-150Mn mass-market users," note Choice in its report released on December 10.

Meesho IPO Listing

Meesho shares had made a bumper debut on NSE and BSE on Wednesday, December 10. Meesho IPO listed on Dalal street with a 53% premium against the issue price of Rs 111 per share. The stock is still trading above its issue price. Meesho share price surged nearly 59% on listing day to hit a 52-week high of Rs 177.49 per share.

Meesho IPO Details

Meesho IPO was subscribed over 79.02 times during the subscription period. The company had planned to raise nearly Rs 5,421 crore with price band of Rs 105-111 per share. The IPO comprised a fresh issuance of shares worth Rs 4,250 crore and an offer for sale of 10.55 crore shares.

As per the company's DRHP, Meesho had planned to utilise the IPO funds to strengthen its cloud infrastructure, enhance its marketing and brand building initiatives, support inorganic growth through acquisitions and other strategic opportunities, and meet general corporate requirements.

Meesho Investment In Subsidiary

Meesho had informed in its BSE filing about investment in MTPL, a wholly-owned subsidiary of the company, through a rights issue. MTPL was formed in March 2024, and is an application-based marketplace that is operated under the brand of 'Meesho'. The investment was made as a part of the utilisation of the proceeds as specified in the Prospectus dated December 05, 2025, noted Meesho in its BSE filing.