Meesho Stock Plunges: Lower Circuit Hits After Lock-In Ends, Down 35% From Peak

• Meesho shares hit lower circuit for the third consecutive session, falling nearly 5% today.
• The decline follows the end of the company's one-month shareholder lock-in period.
• Approximately 10.99 crore shares (2% of equity) became eligible for trading post lock-in.
• Despite the recent fall, the stock remains 48% above its IPO price of ₹111 but is down 35% from its peak of ₹254.
• The e-commerce platform had a strong IPO, listing with a 53% surge and an issue subscribed 79 times.

Why It Matters: Meesho stock faces sharp decline post lock-in, raising concerns despite strong IPO and fundamentals.