Meesho IPO Debuts Strong, Up 60%; Analysts Say Hold

• Meesho shares listed on NSE at a 46% premium over IPO price, hitting an intraday high of 60% above the IPO price.
• The IPO was significantly oversubscribed, receiving 79 times the demand in the primary market.
• Experts recommend holding Meesho shares for medium to long term, highlighting its unique "value e-commerce" niche and projected positive free cash flow by FY25.
• Proceeds from the IPO will fund cloud infrastructure, marketing, brand initiatives, and strategic acquisitions.

Why It Matters: Meesho's strong IPO debut provides key investment insights for readers.