Newly-listed Meesho shares up for 2nd day, rise up to 4% as firm invests Rs 2,890 crore in marketplace unit

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26 Aug, 2025 12:21

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The shares of Meesho rose up to 4 percent on December 11, a day after they made a strong debut on stock markets. This comes as the company announced an investment of Rs 2,890 crore through a rights issue.

The shares of the company rose to Rs 176.75 apiece in the early trading hours of Thursday.

Meesho to invest in subsidiary through rights issue:

Meesho in an exchange filing released on December 10 announced that the company will invest up to Rs 2,890 crore in its unit Meesho Technologies Private Limited (MTPL), which is an application-based marketplace operated under the brand of 'Meesho' that connects sellers and end consumers.

The investment was done through a rights issue of over 131 crore equity shares at an average price of Rs 22.05 apiece. MTPL's offerings span categories including fashion, accessories, electronics, home and kitchen items, health and fitness equipment, and office supplies.

Meesho said that there will be no change in the percentage of shareholding of the company in MTPL, which will continue to remain a wholly-owned subsidiary of the e-commerce platform.

Meesho share price:

Meesho shares made a strong debut on stock markets on December 10, listing with a premium of 46.4 percent over the IPO price. The strong market debut beat grey market estimates.

At its day's high of Rs 176.75 on December 11, the stock was more than 59 percent higher than its IPO price of Rs 111 per share, and around 9 percent higher than its listing price of Rs 162.50 per share.

Its market capitalization currently stands at around Rs 79,770 crore.

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