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Meesho Shares Climb 7% Over Two Sessions; Discover the Significance of Monday's Trading
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Meesho Shares Surge 7% Ahead of Crucial Lock-in Expiry on Monday
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CNBC TV18
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06-03-2026, 15:06
Meesho Shares Surge 7% Ahead of Crucial Lock-in Expiry on Monday
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Meesho shares gained 7% in two sessions, trading 45% above its IPO price of ₹111.
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Nearly 109.9 million shares (2% of equity) become eligible for trading as lock-in ends on Monday.
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The SoftBank-backed e-commerce platform made a strong market debut on December 10.
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Meesho's ₹5,000 crore-plus IPO was subscribed 79 times overall, showing robust demand.
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Analysts have mixed ratings: 2 'Buy', 2 'Hold', and 1 'Sell' recommendation on the stock.
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