Mumbai, Dec. 16 -- Meesho listed on the stock exchanges on December 10. The stock has gained 62.93% over its IPO price of Rs 111 and is up 12.19% from its listing price of Rs 161.20.

A domestic brokerage recently initiated coverage on the stock with a Buy rating and a target price of Rs 200. The brokerage cited a faster path to profitability as a key trigger and said it expects Meesho's revenue to grow at a 31% CAGR between FY25 and FY28, driven by deeper value-commerce penetration and logistics efficiencies. EBITDA is seen turning positive by FY27.

The company's IPO received strong investor interest. It was subscribed 79.03 times, with bids for 2,196.67 crore shares against an offer size of 27.79 crore shares. The issue opened on Decem...