Meesho Rally Continues: Stock Up 74% In 5 Sessions, Founder Vidit Aatrey Now A Billionaire

Meesho Shares Extend Post-Listing Rally: Shares of e-commerce player Meesho Ltd surged as much as 12% on Tuesday, December 16, extending gains from the issue price. With Tuesday’s move, the stock is now up over 70% from its issue price of Rs 111.

Meesho made its stock market debut on December 10, listing at a premium to its issue price and closing 53% above the Rs 111 IPO price. After a two-day decline, the stock rose more than 3% on Monday, before building further momentum in Tuesday’s session.

More than 5 crore Meesho shares were traded within the first 30 minutes of the session. Trading volumes stood at around Rs 950 crore, nearly 18% of the company’s free-float market capitalisation of Rs 5,391 crore.

Following the rally, Meesho’s overall market

capitalisation has climbed to over Rs 86,000 crore. The lack of free float in the market could also be amplifying price moves in both directions.

Meesho’s three-day IPO, sized at over Rs 5,000 crore, saw robust demand from both institutional and retail investors.

The issue was subscribed 79 times overall. The retail investor portion was subscribed over 19 times, while the quota reserved for Qualified Institutional Buyers (QIBs) was subscribed 120 times the shares on offer.

Vidit Aatrey Enters Billionaire Territory

The stock surged over 74% to a record high of Rs 193 per share compared with the issue price of Rs 111, instantly pushing the net worth of co-founder and key promoter Vidit Aatrey into the billionaire club. Holding 47.25 crore shares, or an 11.1% stake, Aatrey’s holding is valued at about $1 billion, or Rs 9,128 crore, at the listing-day high.

Co-founder Sanjeev Barnwal, who holds 31.6 crore shares in the company, now has a stake valued at around Rs 6,099 crore.

Founded in 2015 by Vidit Aatrey and Sanjeev Barnwal, Meesho has emerged as one of India’s leading social commerce platforms, enabling individuals and small businesses to sell products through a vast network of resellers. The company counts Meta, SoftBank, Sequoia Capital, Y Combinator, Naspers and Elevation Capital among its marquee investors, underscoring its prominence in India’s digital commerce space.

About Vidit Aatrey

Aatrey, who serves as Chairman, Managing Director and Chief Executive Officer of Meesho, has been with the company since its inception on August 13, 2015. An IIT-Delhi graduate in Electrical Engineering, he oversees the company’s strategic direction, key initiatives and long-term growth plans.

Prior to founding Meesho, Aatrey worked with ITC Ltd and InMobi. His achievements have earned him recognition across several platforms, including Forbes Asia’s 30 Under 30 and Forbes India’s 30 Under 30 in 2018, Entrepreneur Magazine’s 35 Under 35 in 2019, and Fortune India’s 40 Under 40 in 2021, 2024 and 2025.

Meesho shares were trading 12% higher on Tuesday at Rs 190.84, after touching an intraday high of Rs 193.44.