Meesho Shares Crash 5% as Lock-in Ends, Hits Lower Circuit

• Meesho shares hit a 5% lower circuit, closing at ₹173.13, as the one-month shareholder lock-in period concluded.
• Approximately 10.99 crore shares, representing 2% of the company's total equity, are now eligible for trading.
• Despite the sharp decline, two Bloomberg-monitored analysts maintain a 'Buy' rating, projecting a 21.3% upside.
• The SoftBank-backed e-commerce platform debuted on December 10, listing 53% above its IPO price and reaching a high of ₹254.
• Initial investors remain profitable, with the stock still trading 64% above its IPO price of ₹111, despite a 28% correction from its peak.

Why It Matters: Meesho faces selling pressure post-lock-in, but analysts see potential upside despite current market caution.