Mumbai/IBNS, Dec. 18 -- E-commerce major Meesho surged as much as 7.9% on Thursday to hit a new high of Rs.233.50, just a week after making its stock market debut, media reports said.

Meesho had made a strong debut on December 10, with its shares listing at a 46% premium over the IPO issue price of Rs.111 per share, reflecting robust investor demand.

Ahead of its listing, the Bengaluru-based company witnessed strong activity in the grey market, with the grey market premium (GMP) ranging between Rs.35-36 per share and rising further to Rs.42-44 during the bidding phase.

The strong listing and subsequent rally underscored investor confidence in Meesho's growth prospects.

Published by HT Digital Content Services with permission from Indi...