India's Meesho set for eighth straight fall as share lock-in expiry nears
04/06/2026 06:20
BUZZ-India's Meesho set for eighth straight fall as share lock-in expiry nears ** India's Meesho MEES.NS slides 3.6% to six-week low of 169.38 rupees
** Set for eighth straight session of losses, in its longest losing streak since listing in December 2025
** Lock-in on 68% of Meesho's pre-IPO shareholding worth 540 billion rupees ($5.65 billion) set to expire on June 9, says Choice Broking
** Even assuming that only ~10% of the lock-in shares are available for trading immediately after the expiry, the supply could be nearly equivalent to the entire IPO size of Meesho, the brokerage says
** MEES up 52.6% from its IPO issue price of 111 rupees
** Stock rated "hold" on average by nine brokerage firms, median PT at 200 rupees, per data compiled by LSEG
($1 = 95.6450 Indian rupees)
(Reporting by Vivek Kumar M)
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