Meesho Share Price Rises 2% After Rs 1,540 Crore Block Deal as Jefferies Initiates Coverage With Buy Rating and Rs 225 Target

The Meesho share price rose approximately 2% on Wednesday, June 10, 2026, defying the selling pressure from a Rs 1,540 crore block deal as Jefferies initiated coverage on the stock with a Buy rating and a target price of Rs 225. The Meesho share price touched an intraday high of Rs 174.65 on BSE, gaining 4.6% at peak, as the institutional endorsement from Jefferies more than offset the block deal supply. The block deal is widely attributed to pre-IPO investors selling after the six-month lock-in on approximately 68% of pre-IPO shareholding expired on June 9, 2026.

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Meesho Share Price: Key Data

Parameter	Details
NSE Symbol	MEESHO
Sector	E-Commerce / Internet
CMP (Jun 10, 2026, intraday)	~Rs 166-174 (intraday high Rs 174.65)
Price Change Today	~+2% (intraday high +4.6%)
Previous Close	~Rs 163-166
52-Week High	Rs 254.40
52-Week Low	Rs 111 (IPO price)
Market Cap	~Rs 85,000-90,000 crore
IPO Price	Rs 111 (Dec 3-5, 2025)
Listing Price	Rs 161.20 (Dec 10, 2025)
Block Deal Today	~Rs 1,540 crore (pre-IPO lock-in expiry sellers)
Jefferies Rating	Buy | Target Price: Rs 225
Choice Institutional Rating	Buy | Target Price: Rs 210
Q4 FY26 Revenue	Rs 3,531.21 crore
Q4 FY26 Net Loss	Rs 166.35 crore (loss narrowed 88% YoY)
FY26 Net Loss	~Rs 1,357.74 crore
Q4 FY26 Orders	717 million
Platform Users	264 million
Lock-in Expiry	~68% pre-IPO shares unlocked June 9, 2026
20% still locked until	June 9, 2027

Block Deal and Lock-in Expiry: What Happened?

The Rs 1,540 crore block deal in the Meesho share price today is a direct consequence of the pre-IPO lock-in expiry on June 9. When Meesho listed on December 10, 2025 after a 79x-subscribed IPO, approximately 68% of pre-IPO shares were locked for six months until June 9, 2026. The lock-in has now expired, making shares worth approximately Rs 54,000 crore eligible for trading. Pre-IPO investors including venture capital funds and existing shareholders are using this window to distribute their holdings. A further 20% of shares remain locked until June 9, 2027, which will create another supply event next year.

Importantly, a block deal itself is not necessarily bearish. It transfers shares from early-stage investors (who bought at much lower valuations) to new institutional buyers at current market prices. The fact that the Meesho share price remained positive and hit Rs 174.65 intraday despite Rs 1,540 crore of supply signals that demand from institutional investors was absorbing the selling at these levels.

Jefferies Initiates Buy on Meesho: Why Rs 225 Target?

Jefferies’ Buy initiation on the Meesho share price with a Rs 225 target highlights several unique structural advantages of the business. The brokerage projects net merchandise value (NMV) to grow at a 30% CAGR from FY25 to FY30E, driven by expansion in annual transacting users from 199 million to 518 million and an increase in ordering frequency from 9.2 to 14.7 orders per year. Contribution margins are projected to improve to 6.8% of NMV while adjusted EBITDA margins could reach 3.2% by FY30E.

Jefferies highlighted the asset-light model and negative working capital structure as key moats. Unlike traditional retailers or inventory-heavy e-commerce players, Meesho does not hold inventory, meaning its capital requirements are low even as the platform scales. The company’s PRISM AI discovery system now serves 264 million users and processed 717 million orders in Q4 FY26 alone, demonstrating platform depth. The Jefferies target of Rs 225 implies 30-35% upside to the current Meesho share price of Rs 166-174.

Meesho Financial Performance: Loss Narrowing

The Meesho share price case rests partly on the visible trajectory toward profitability. Q4 FY26 net loss narrowed 88.04% year on year to Rs 166.35 crore on revenue of Rs 3,531.21 crore. The loss has been narrowing each quarter as operating leverage builds on the platform’s growing NMV and contribution margins improve. Full-year FY26 net loss stands at approximately Rs 1,357.74 crore, but the quarterly burn rate has declined materially from earlier periods. Choice Institutional Equities also has a Buy rating on the Meesho share price with a target of Rs 210.

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Risks to the Meesho Share Price

The Meesho share price faces risks investors must consider. Continued losses mean the company depends on healthy cash reserves and strong NMV growth to sustain operations. Competition from Flipkart, Amazon, Snapdeal, and Metra Snap Commerce in the value e-commerce segment is intense. The remaining lock-in expiry in June 2027 will create another supply event. Macroeconomic softness in consumer spending could slow NMV growth below projections. The current Meesho share price at 30%+ below the 52-week high of Rs 254.40 reflects these concerns being priced in, but the path to profitability remains the key variable to track.

Conclusion

The Meesho share price rising 2-4.6% despite the Rs 1,540 crore block deal is a testament to institutional confidence in the long-term platform story following the Jefferies Buy initiation. The Rs 225 Jefferies target and Rs 210 Choice target offer 20-35% upside from current levels. Track the Meesho share price live on Univest. Consult a SEBI-registered advisor before investing.

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Frequently Asked Questions

Why is Meesho share price rising despite a block deal?

Ans. The Meesho share price is rising today despite the Rs 1,540 crore block deal because Jefferies initiated coverage with a Buy rating and a target price of Rs 225, providing a strong institutional endorsement that is offsetting the supply pressure from the block deal. The block deal itself, while large, represents pre-IPO investors selling after the lock-in expiry on June 9, 2026 — which means it transfers shares from early-stage investors to new institutional buyers, not necessarily a negative signal for the business.

What is the Jefferies target price for Meesho?

Ans. Jefferies has initiated coverage on Meesho with a Buy rating and a target price of Rs 225 per share. This implies an upside of approximately 30-35% from the current Meesho share price of Rs 166-174. Jefferies highlighted Meesho’s asset-light business model, negative working capital structure, and consistent positive cash flow generation as key positives. The brokerage projects NMV growth at a 30% CAGR from FY25 to FY30E, with contribution margins improving to 6.8% of NMV.

What is the Meesho share price 52-week range?

Ans. The Meesho share price 52-week high is Rs 254.40 and the 52-week low is Rs 111, which was also the IPO price. The stock listed at Rs 161.20 on December 10, 2025, and has been in a range between the listing price and Rs 254.40. The current price of Rs 166-174 is approximately 30-35% below the 52-week high, creating a potential value entry for long-term investors if the business execution continues.

What is Meesho’s business model?

Ans. Meesho is a multi-sided e-commerce platform connecting consumers, sellers, logistics partners, and content creators in India. The company focuses on value e-commerce, making affordable products accessible to consumers in Tier 2, 3, and beyond cities and towns. Key platform features include the PRISM AI discovery system for 264 million users. Meesho’s asset-light model means it does not hold inventory, similar to the marketplace model, which generates negative working capital and enables it to generate positive cash flows despite being loss-making at the net profit level.

Is Meesho stock a good buy after the lock-in expiry?

Ans. After the lock-in expiry, the Meesho share price overhang from pre-IPO selling will gradually reduce as early investors distribute their shares. The positive catalysts include Jefferies’ Buy initiation with Rs 225 target, strong Q4 FY26 order volume (717 million orders), and rapid loss reduction (Q4 loss narrowed 88% YoY). Risk factors include continued net losses at the company level, intense competition from Flipkart, Amazon, and Metra Snap Commerce, and execution risk on the path to profitability. Consult a SEBI-registered advisor before investing.