Meesho shares surge 46% on market debut

• Meesho's shares surged over 46% on market debut, listing at Rs 162.50 on NSE against an issue price of Rs 111.
• The e-commerce firm's market valuation reached over Rs 77,000 crore on its debut.
• Meesho's Initial Public Offer (IPO) was subscribed 79.02 times.
• The Rs 5,421-crore IPO had a price band of Rs 105-111 per share.
• Proceeds from the IPO will be used for cloud infrastructure, marketing, brand initiatives, and funding inorganic growth.

Why It Matters: Meesho's strong market debut signals investor confidence and future growth potential.