Overview
- Shares fell to the 5% lower band at Rs 173.20 after opening more than 4% lower near Rs 174.5.
- About 109.9 million shares, valued at roughly Rs 2,000 crore, became eligible for trading as the lock-in ended.
- Another 10.98 crore anchor shares are due to unlock on March 7.
- Meesho’s market capitalisation was around Rs 78,167 crore during the decline.
- The stock remains above the Rs 111 IPO issue price but is roughly 32% below its post-listing high near Rs 254.4.