Meesho Shares Plunge 35% from Peak as Lock-in Ends, Management Shifts
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CNBC TV18•08-01-2026, 10:05
Meesho Shares Plunge 35% from Peak as Lock-in Ends, Management Shifts
- •Meesho shares dropped 5% on Thursday, extending a three-day losing streak, now 35% down from its post-listing peak of ₹254.
- •The decline follows the expiry of a one-month shareholder lock-in, making 109.9 million shares (2% equity) eligible for trading.
- •Milan Partani transitioned from General Manager User Growth and Content Commerce to General Manager Commerce Platform.
- •Despite the recent fall, Meesho's stock remains 48% above its IPO price of ₹111.
- •The SoftBank-backed e-commerce platform had a strong debut on December 10, with its ₹5,000 crore IPO subscribed 79 times.
Why It Matters: Meesho shares dipped post-lock-in expiry and management change, but remain above IPO price.
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