Meesho’s 95% Post-Listing Surge Shows There Was Room for Sensibly Priced Tech

has turned into India’s best-performing big IPO of 2025, with the stock rallying about 95% since listing and adding nearly ₹47,000 crore in market value in just a week. From an issue price of ₹111, the shares listed at roughly a 45–46% premium and have since compounded those gains as institutional money has stayed keen.​ Unlike the first wave of “growth at any price” tech listings, Meesho came at a high single‑digit price-to-sales multiple, backed by strong operating metrics: GMV upwards of ₹70,000–1,20,000 crore, rapid order growth, improving contribution margins and two consecutive years of positive free cash flow. That combination of scale, better unit economics and restrained IPO valuation gave investors room to re-rate the stock as sentiment turned in favour of profitable or near-profitable platforms.​ Fresh triggers have helped sustain the move. A recent “Buy” initiation from UBS highlighted Meesho’s asset-light model, strong user growth and cash generation, reinforcing the view that this is not just another loss-making vanity listing. For the broader market, Meesho’s trajectory underlines a simple message for new-age issuers: when pricing leaves something on the table and business metrics are trending towards durable profitability, investors are still willing to reward scale internet franchises. Source: The Economic Times No Recommendations