Meesho's 95% rally makes it India's best-performing big IPO of 2025

A strong surge in Meesho's shares on Wednesday, driven by a UBS buy call, made it the best-performing large IPO of 2025. The stock rose nearly 20 percent in the session, taking its gains to approximately 95 percent above the issue price. Among companies that raised more than ₹5,000 crore this year, Groww was the second-best performer, trading at approximately 43 percent above its offer price, according to Trendlyne data.

Notably, this IPO has outperformed even established companies in terms of returns. Also Read: Meesho IPO: Make big money by investing 15,000! Storm in the gray market Meesho, which listed on December 10 after raising approximately ₹5,421 crore, currently has a market capitalization of ₹97,600 crore, or approximately $11 billion. At the upper end of the price band, the company's valuation was approximately ₹50,100 crore. This means the company has added approximately ₹47,000 crore to investor value since listing.

Meesho has emerged as India's most successful large IPO

This surge was primarily driven by a strong opening price of ₹162, a premium of more than 46 percent over the issue price. The closing price on the first day was approximately ₹170. However, analysts say that the free float available for trading is limited due to investments by large investors. This could mean that even a small amount of demand or a shortage of supply could lead to significant price fluctuations. The first set of locked-in shares will be released on January 6 next year. Leaving behind leading companies

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Among other major IPOs this year, Groww is up nearly 43 percent from its issue price, and LG Electronics India has gained approximately 36 percent from its issue price, although its shares have seen a slight slowdown in recent weeks. Hexaware Technologies, which raised ₹8,750 crore earlier this year, is up slightly more than 8 percent from its issue price, reflecting a more cautious approach from investors amid global tech spending concerns. HDB Financial Services, despite a good gain at the time of listing, is now only 3 percent above its offer price, as investors assess valuations and growth prospects in the NBFC sector. Lenskart Solutions is barely holding on, with a gain of less than 1 percent, while Tata Capital has seen a rise of only 0.2 percent.

Also Read: Meesho IPO: Subscribe or Avoid? Full Analysis, Strengths & Risks

Why is Meesho growing?

Meesho's strong performance signals the growing value in India's e-commerce sector, especially as the company focuses on low average order value, high user participation, and tight cost control. UBS said that the benefits of Meesho's logistics efficiency are likely to accrue to sellers and users, which could further lower the average order value, but expand the overall ecosystem and increase sales volume