Meesho Limited (NSE: MEESHO, BSE: 544632) is having the kind of “welcome to public markets” month that makes even seasoned traders reach for the antacids. After a scorching post‑listing run, Meesho stock snapped back sharply over the past week—then staged a bounce on Wednesday, 24 December 2025, trading around ₹195–₹196 intraday and clawing back part of the recent drawdown. [1]
The key context: this is a newly listed, low‑free‑float stock that sprinted first… and is now discovering gravity.
Meesho share price on 24.12.2025: what the market is doing today
As of mid‑day on 24 Dec 2025, Meesho shares were up roughly 4%–5% and trading around ₹195–₹197 after three sessions of steep declines. NDTV Profit reported Meesho trading near ₹195.31 and rising about 4% in early action (and as much as ~5% at the day’s high in that report). [2]
Market data trackers reflected a similar picture through the day:
- Moneycontrol showed Meesho around ₹195.95 near 12:40 with an intraday range roughly ₹187.30–₹197.00, and a 52‑week range around ₹153.95–₹254.65 (note: “52‑week” ranges are effectively “since listing” for a new IPO). [3]
- Bajaj Finserv showed Meesho at ₹195.55 around 12:55 PM, with the day’s low/high at about ₹187 / ₹197.2. [4]
- NSE’s quote snapshot showed Meesho at ₹195.40 around 09:34 IST. [5]
This matters for one simple reason: price stability is still not a thing here. For a stock that only listed two weeks ago, every incremental buyer/seller imbalance can translate into outsized moves.
Why Meesho stock is swinging so hard: the “low free‑float + hype + mechanics” cocktail
1) The immediate trigger: a sharp 3‑session slide into 23 December
The bounce on 24 December came after a bruising slide. The Indian Express reported that Meesho stock had plunged over 23% across three sessions, including hitting a lower circuit intraday on Tuesday (23 Dec) and closing around ₹187 on both exchanges (NSE/BSE). [6]
Economic Times similarly described Meesho falling about 21% over three trading sessions and highlighted how quickly sentiment flipped after a powerful post‑IPO surge. [7]
2) Free float is tiny — and that amplifies everything
Multiple market reports have emphasized Meesho’s free float of roughly ~6%, which is critical: when only a small fraction of shares is readily tradable, even normal demand can create abnormal price moves. Economic Times explicitly pointed to this structural issue as a driver of volatility. [8]
3) Short squeeze and auction dynamics (yes, this is the plumbing)
Meesho’s early rally reportedly triggered a short squeeze, pushing more than 1 crore shares into the exchange auction mechanism after some short sellers failed to deliver shares for settlement—another volatility accelerant in low‑float IPOs. [9]
4) Block deals at discounts added fuel to the drop
The Indian Express reported 4.9 million shares traded across nine block deals on NSE at a 3%–10% discount to the previous close (citing LSEG data as quoted by Reuters), contributing to the pressure during the decline. [10]
Put simply: part fundamentals, part positioning, part market microstructure.
Quick rewind: Meesho’s IPO and the post‑listing surge that set up the correction
Meesho debuted on the exchanges on 10 December 2025 at about ₹162.50 on NSE versus an IPO issue price of ₹111—a roughly 46% listing premium. [11]
Reuters reported that the strong debut pushed Meesho’s valuation to about ₹789.3 billion (~$8.78 billion), following a $604 million IPO, and noted that the stock is positioned in mass‑market fashion/lifestyle e‑commerce with a model that (notably) does not charge sellers commissions. [12]
From there, the stock ripped higher fast. By the time the market hit peak enthusiasm, several trackers placed the post‑listing high around the ₹254–₹255 zone (depending on exchange/time). [13]
Then came the pullback—classic for crowded, low‑float IPO trades once early momentum cools.
Today’s news angle (24 Dec 2025): rebound… but volatility likely isn’t done
NDTV Profit framed Wednesday’s move as a bounce after a choppy week, signaling bargain‑hunting at lower levels—but also warned that the action underscores the likelihood that near‑term volatility may persist, given both competitive intensity and heightened scrutiny across the e‑commerce ecosystem. [14]
That’s the important nuance for anyone tracking Meesho stock today:
- A 4%–5% green day doesn’t mean the volatility regime has ended.
- It may simply mean the market found a temporary balance between profit‑takers and dip‑buyers.
Analyst targets and forecasts: what brokerages are modeling (and what they’re not)
Despite the turbulence, brokerage commentary has remained broadly constructive on Meesho’s long‑term growth story—while acknowledging that the stock can overshoot in either direction in the near term.
UBS: “Buy”, target price ₹220 — growth led by users and frequency
Economic Times reported that UBS initiated coverage with a ‘Buy’ rating and a target price of ₹220, citing Meesho’s asset‑light approach and operating model characteristics such as a negative working‑capital cycle and cash‑flow dynamics. [15]
On growth projections, the same report said UBS expects Net Merchandise Value (NMV) to grow at about a 30% CAGR over FY25–FY30E, driven by:
- annual transacting users rising from ~199 million to ~518 million, and
- higher ordering frequency (even as average order values moderate). [16]
Those are aggressive adoption assumptions—plausible in a huge market, but very sensitive to execution, competitive moves, and monetization pace.
Choice: target price ₹200 — the “next 100–150 million” mass‑market thesis
Economic Times also cited Choice Institutional Equities setting a ₹200 target price, pitching Meesho as well positioned to monetize mass‑market growth via its zero‑commission, low‑AOV (average order value), discovery‑led platform, with monetization levers spanning ads/fintech/fulfilment. [17]
Separately, Indian Express quoted Choice International projecting roughly 31% revenue CAGR for FY25–FY28. [18]
Reality check: targets like ₹200–₹220 were often published when the stock was moving extremely fast. In a name like this, a target is less a “destination” and more a “model output” that can be invalidated quickly by price and sentiment.
Fundamentals snapshot: revenue growth, narrowing losses — and the profitability question
Meesho’s prospectus‑era numbers and recent reported performance have shown strong topline growth with improving losses, but investors are still debating how quickly the business can deliver durable profitability as a listed company.
- Indian Express reported that in FY25, Meesho’s revenue rose to about ₹9,390 crore (from ₹7,615 crore) and losses narrowed to about ₹289 crore (from ₹3,942 crore). [19]
- Reuters reported that for the first half of fiscal 2026, revenue increased 29.4% to ₹55.78 billion, while losses narrowed 72.1% to ₹7 billion. [20]
The investing debate now shifts from “can Meesho grow?” (most agree it can) to:
- Can it monetize without damaging the value proposition that made it grow?
- Can it sustain growth while managing quality, returns, and compliance as it scales?
- How much margin upside comes from logistics efficiency, ad load, fintech attach, and better matching/AI?
What Meesho itself has said about the growth plan: AI, logistics (Valmo), and new lines of business
Ahead of the IPO, Reuters reported Meesho was leaning harder into AI‑powered chat and voice agents to attract first‑time online shoppers (including rural users), while also expanding its logistics aggregator Valmo to reduce delivery costs. Reuters also noted Meesho was expanding into financial services (including BNPL/credit for sellers) and exploring grocery. [21]
For equity investors, these initiatives matter because they affect two things markets care about obsessively:
- Customer acquisition and repeat (growth durability)
- Unit economics (profitability durability)
Upcoming catalysts and “watch this” items after 24 December 2025
1) Next quarterly results: trading window closed; board date pending
A company filing dated 10 December 2025 states that Meesho’s trading window was closed from listing day and will remain closed until 48 hours after the declaration of unaudited results for the quarter ending 31 December 2025; the board meeting date will be intimated later. [22]
In plain terms: earnings season will be the next major reality check for the valuation narrative.
2) Lock‑in expiries: more supply can change the trading dynamic
For fresh IPOs, lock‑in expiries can be a big deal because they can increase tradable shares (and reduce the “scarcity premium” that can inflate prices early).
- Zerodha’s IPO schedule page lists anchor lock‑in end dates around 7 January 2026 (50%) and early March 2026 (remaining). [23]
- A Business Standard piece on upcoming lock‑in expiries also flagged Meesho unlocks around January 7 and again in March 2026. [24]
This does not automatically mean “sell‑off incoming,” but it does mean the free‑float constraints that magnified price swings could evolve.
3) Competitive and regulatory pressures remain in focus
NDTV Profit highlighted rising competitive intensity and increasing scrutiny around product quality and seller compliance—risk factors that can affect both growth and cost structure. [25]
Putting it together: the market’s current “Meesho stock” thesis (as of 24.12.2025)
Here’s the cleanest way to frame Meesho Limited stock right now:
Meesho is being priced like a high‑growth consumer internet winner and traded like a low‑float momentum instrument. Those are not the same thing, and the friction between them is exactly what you’re seeing in the tape.
- The bull case (broker models): huge addressable market, mass‑market positioning, strong user growth, expanding monetization levers (ads/fintech/logistics), and improving losses. [26]
- The bear case (near‑term trading reality): rapid post‑IPO rerating, small free float, short‑squeeze/auction distortions, block deals at discounts, and valuation sensitivity until consistent profitability is demonstrated. [27]
And today’s rebound (24 Dec) is best read as: the market taking a breath, not necessarily declaring a winner.
Bottom line
On 24 December 2025, Meesho share price is rebounding near ₹195 after a steep multi‑session correction—an episode fueled as much by market mechanics (free float, auctions, block deals) as by classic post‑IPO profit‑taking. [28]
Analyst coverage highlighted by UBS (₹220 target) and Choice (₹200 target) stays constructive on long‑term growth, but the stock’s early trading history already shows that Meesho can swing violently in both directions before fundamentals get their turn to speak. [29]
References
1. www.ndtvprofit.com, 2. www.ndtvprofit.com, 3. www.moneycontrol.com, 4. www.bajajfinserv.in, 5. www.nseindia.com, 6. indianexpress.com, 7. m.economictimes.com, 8. m.economictimes.com, 9. m.economictimes.com, 10. indianexpress.com, 11. indianexpress.com, 12. www.reuters.com, 13. upstox.com, 14. www.ndtvprofit.com, 15. m.economictimes.com, 16. m.economictimes.com, 17. m.economictimes.com, 18. indianexpress.com, 19. indianexpress.com, 20. www.reuters.com, 21. www.reuters.com, 22. bsmedia.business-standard.com, 23. zerodha.com, 24. www.business-standard.com, 25. www.ndtvprofit.com, 26. m.economictimes.com, 27. m.economictimes.com, 28. www.ndtvprofit.com, 29. m.economictimes.com
