Meesho shares slipped 3.9% on BSE, logging an intra-day low of ₹168.25 per share as investors weighed the impending lock-in expiry on June 9, 2026. According to Choice Institutional Equities, the brokerage has maintained an 'Add' rating with a target price of ₹210, based on 4x FY28 EV/Revenue, flagging the lock-in expiry as a near-term overhang. Approximately 68% of Meesho's pre-IPO shareholding — worth approximately ₹54,000 crore — will become eligible for trading from June 10, 2026, following the expiry of the lock-in period on June 9, 2026. Even assuming only approximately 10% of outstanding shares become available for trading immediately after lock-in expiry, potential secondary market outflows could be approximately ₹5,400 crore — nearly equivalent to the entire IPO size of Meesho. The brokerage expects this liquidity event to create temporary downward pressure on the shares, as early private equity and venture capital investors — sitting on significant unrealised gains — are likely to offload their holdings.
E-commerce platform Meesho has partnered with the BSE to launch Project Shikhar, an initiative designed to help micro, small and medium enterprises (MSMEs) and digital businesses transition into publicly-listed companies. The partnership was formalised through a Memorandum of Understanding (MoU) and aims to facilitate the listing of high-performing independent e-commerce sellers on the BSE SME platform, addressing their need for growth capital. The collaboration was signed in the presence of Lopamudra Rao, Head of Corporate Affairs, Meesho, and Shri Sundararaman Ramamurthy, MD & CEO, BSE.
Meesho shares have declined in five of the seven months since their listing in December 2025, as investors remained concerned about its valuations given it's a loss-making entity. The stock is down 4% in just the two trading sessions of June, after shedding 5% in May, though a massive 38% rise in April has curtailed its year-to-date (YTD) losses to just 1.7%. The stock currently trades 60% above the IPO price, with analysts noting that several pre-IPO shareholders, most PE and VC firms, have held investments for several years and are sitting on significant unrealised gains. Choice Institutional Equities notes that while Meesho's key operating metrics have improved meaningfully, this has yet to translate into a material uplift in advertising monetisation, which is expected to be gradual. With most near-term positives largely priced in, the brokerage sees limited upside from current levels.
BSE Managing Director and CEO Sundararaman Ramamurthy emphasized the exchange's pioneering role in the SME sector, stating that the BSE SME platform has enabled hundreds of MSMEs to list, raise growth capital and strengthen governance standards over the years. The BSE SME platform was designed to provide a direct route to capital markets for dynamic, job-creating businesses.
According to Meesho's statement, a substantial segment of India's retail commerce operates in the informal or unorganised sectors, frequently facing barriers to accessing traditional expansion capital. Project Shikhar will bridge this gap by creating a clear, stage-by-stage roadmap to public listing, providing a structured pathway for digital commerce businesses to transition into formal, investor-ready entities. Meesho Head of Corporate Affairs Lopamudra Rao highlighted that a significant share of the platform's seller ecosystem comprises entrepreneurial businesses that have scaled rapidly, but transitioning into an investor-ready entity remains complex.
