The Indian e-commerce firm Meesho continues to experience a strong rally in its stock price, with shares up by 74% in the five sessions since its debut on the stock market on December 10, 2025. This surge has propelled co-founder and CEO Vidit Aatrey into the billionaire club.

On Tuesday, Meesho Ltd's shares climbed as much as 13.3% to Rs 193.50, marking a significant increase from the IPO price of Rs 111. The stock's ascent has not only surpassed its listing-day high of Rs 177.50 but has also comfortably exceeded its listing price of Rs 161.20.

Aatrey's 11.1% stake in Meesho, equivalent to 47.25 crore shares, is now valued at approximately Rs 9,142.87 crore, or $1.005 billion. Sanjeev Barnwal, the company's co-founder, holds 31.6 crore shares, with his stake now valued at Rs 6,114.6 crore.

Meesho's IPO, sized at over Rs 5,000 crore, received strong demand from institutional and retail investors. The issue was oversubscribed 79 times, with the retail portion subscribed more than 19 times. The portion reserved for Qualified Institutional Buyers was subscribed 120 times the shares on offer.

The stock made its debut on December 10, closing its first session 53% above the IPO price. After a two-day decline, the stock gained over 3% on Monday before extending its rally on Tuesday. Turnover stood at Rs 124.38 crore, with a total traded quantity of 66.84 lakh shares. Meesho's market capitalization was pegged at Rs 85,207.91 crore.

Choice Institutional Equities has initiated coverage on Meesho with a 'Buy' rating and a target price of Rs 200. The brokerage projects a 31% revenue CAGR between FY25 and FY28, driven by value-commerce penetration and logistics efficiencies. They also cited Meesho's zero-commission, low-AOV, discovery-led platform focused on Tier-2 and Tier-3 users as a positive factor.

Founded in 2015 by Aatrey and Barnwal, Meesho has become a social commerce platform, enabling individuals and small businesses to sell products through a network of resellers. The company's investors include Meta, SoftBank, Sequoia Capital, Y Combinator, Naspers, and Elevation Capital. Aatrey, an IIT-Delhi graduate, has been recognized in Forbes Asia's 30 Under 30 and Fortune India's 40 Under 40.

Meesho began as Fashnear, a hyperlocal fashion delivery app. The company pivoted to a managed marketplace designed for home-grown entrepreneurs.