Meesho Shares Soar 46% on Dalal Street Debut After ₹5,421 Cr IPO

• Meesho debuted at a 46% premium on Dalal Street after its ₹5,421 crore IPO, which saw a 79 times subscription.
• Shares opened at ₹162.50 on NSE and ₹161.20 on BSE, pushing the company's market capitalization to ₹72,751.67 crore.
• Qualified institutional buyers led demand with 120 times subscription, followed by non-institutional investors at 38 times, and retail at 19 times.
• Analysts had projected 25-30% listing gains, with some suggesting short-term investors book profits on debut.

Why It Matters: Meesho's strong debut signals robust investor confidence in tech unicorns.