Meesho Shares Soar 129% Post-IPO, Analysts Warn of Overvaluation

• Meesho shares surged up to 129% from their IPO price of Rs 111 to Rs 254.40 within 7 days of listing.
• The e-commerce platform's IPO was subscribed 79 times, and it debuted at a 46% premium on December 10.
• Analysts like Abhinav Tiwari (Bonanza) advise caution, citing unattractive near-term risk-reward due to elevated prices.
• Harshal Dasani (INVasset PM) notes the rally has pushed prices beyond brokerage targets, with immediate optimism already priced in.
• Experts emphasize that while Meesho has a strong long-term business, its current valuation and transition to consistent profitability pose risks.

Why It Matters: Meesho's rapid post-IPO surge raises valuation concerns despite strong long-term potential.