Meesho Stock Soars 110% in 7 Sessions, Crosses ₹1 Lakh Crore Market Cap

• Meesho shares surged 8% to Rs 233 on December 18, marking a 110% gain from its Rs 111 IPO price in just 7 sessions.
• The company's market capitalization has now exceeded the Rs 1 lakh crore mark.
• International brokerage UBS initiated 'Buy' coverage, citing Meesho's asset-light model and consistent positive cash flows.
• UBS predicts a robust 30% CAGR in Net Merchandise Value (NMV) over FY25–30E, driven by user and ordering frequency expansion.
• Meesho's Rs 5,000 crore IPO was highly successful, subscribed 79 times overall, with retail portion subscribed over 19 times.

Why It Matters: Meesho's stock has more than doubled post-IPO, driven by strong fundamentals and positive analyst outlook.