Meesho made a strong debut on the stock exchanges today and settled 53 per cent higher above the IPO price of ₹111 in early trade.

The stock opened at ₹162.50 on the NSE, a 46.3 per cent premium. On the BSE, it began trading at ₹161.20, marking a 45.2 per cent premium, reflecting solid investor appetite for the SoftBank-backed e-commerce firm.

It ended at ₹170.20 on the BSE, and at ₹170.09 on the NSE.

The stellar listing comes on the heels of a highly successful initial public offering. Meesho’s ₹5,421-crore IPO was subscribed 79.02 times on the final day of bidding.

Shivani Nyati, Head of Wealth at Swastika Investmart Ltd, said that despite Meesho’s firm listing, investors remain watchful of rising competitive pressures from larger e-commerce incumbents, the need for regulatory clari

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