Meesho Shares Plunge to 5% Lower Circuit Post Lock-In Expiry, Hover Near IPO Price

's stock took a sharp hit on Wednesday, tumbling to its 5% lower circuit limit as the one-month lock-in period for a portion of its shares expired. The e-commerce platform's shares were trading near their initial listing price, marking a significant 32% decline from the peak reached just last month. The downturn comes amid investor caution following the expiry of the lock-in, which has unlocked approximately 10.99 crore shares—equivalent to about 2% of Meesho's total outstanding equity—for potential trading. According to data from Nuvama Alternative and Quantitative Research cited by CNBC-TV18, these shares are valued at roughly Rs 2,002.82 crore, based on the previous closing price of Rs 182.24 per share. However, market experts emphasize that the lock-in expiry doesn't guarantee an immediate flood of shares into the market. "This merely removes the restriction, allowing eligible shareholders to trade if they choose," noted a senior analyst at a leading brokerage firm. "Actual selling pressure will depend on market sentiment and individual holder strategies."