Meesho Shares Soar 74% Post-IPO, Market Cap Jumps Rs 14,000 Cr; CEO Becomes Billionaire

• Meesho shares surged 74% from their IPO price in just five trading sessions, reaching Rs 193.44 apiece.
• The company's market capitalization increased by Rs 14,000 crore, from Rs 73,000 crore at debut to over Rs 87,000 crore.
• Co-founder and CEO Vidit Aatrey became a billionaire, with his 11.1% stake now valued at over Rs 9,140 crore ($1 billion).
• Meesho's IPO, worth Rs 5,421 crore, was subscribed 79 times, and it debuted at a 46% premium (Rs 162.50) over its Rs 111 IPO price.
• Experts view Meesho positively due to its "scarcity premium" as a pure-play 'value e-commerce' stock, attractive valuation, and FCF positive status by FY25.

Why It Matters: Meesho's strong market debut led to a massive share rally, boosting its market cap and making its CEO a billionaire.