Meesho Shares Plunge Post Lock-in Expiry, Near Listing Price: Buy or Hold?

• Meesho shares dropped 5% and hit the lower circuit on January 7 after the one-month shareholder lock-in period ended.
• The share price fell to ₹173.13, nearing its listing price of ₹162.50, marking a second consecutive day of decline.
• Approximately 10.99 crore shares (2% equity) became available for trading post-lock-in, valued at ₹2,002.82 crore.
• Despite a strong debut at ₹162.50 (46% above IPO price) and a peak of ₹254.40, the share is now 32% below its high.
• Analysts note strong business fundamentals, improved logistics, and reduced costs, but current pressure is due to lock-in expiry and high valuation.

Why It Matters: Meesho shares are under pressure post-lock-in expiry, nearing listing price despite strong fundamentals.