UBS Securities has initiated analyst coverage on Meesho Limited with a buy recommendation, establishing a target price of ₹220 per share for the e-commerce platform.

Analyst Recommendation Details

The investment bank's initiation of coverage reflects its assessment of Meesho Limited's business fundamentals and market positioning. UBS has assigned a buy rating to the stock, indicating the firm's expectation that the shares may outperform relative to its broader coverage universe.

Investment Outlook

The ₹220 target price established by UBS represents the firm's assessment of Meesho Limited's fair value based on its analytical framework. Buy recommendations typically suggest that analysts expect the stock to potentially deliver positive returns and outperform benchmark indices or peer companies over the investment horizon.

Market Implications

The initiation of coverage by UBS Securities adds to the research universe covering Meesho Limited, providing investors with additional analytical perspective on the e-commerce company's investment merits. Analyst coverage from major investment banks often enhances market visibility and may influence institutional investor interest in the stock.

This positive analyst sentiment on Meesho Limited, as reflected in UBS's buy recommendation, suggests confidence in the company's business model and growth prospects within the e-commerce sector.

Fidelity International has disclosed a substantial acquisition in Meesho Limited, increasing its shareholding to 6.30% of the company's total voting capital. The disclosure was filed under Regulation 29 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Acquisition Details

The regulatory filing reveals that Fidelity International now holds a significant position in the e-commerce platform. The acquisition details are as follows:

Mode of Acquisition

According to the regulatory document, the shares were acquired through "receiving the shares of the issuer at the time of IPO - Initial Public Offering." This indicates that Fidelity International participated in Meesho Limited's public offering process, securing a substantial stake in the company during its market debut.

Regulatory Compliance

The filing was submitted by FIL Technology (Dalian) Limited on behalf of FMR LLC and FIL Limited, demonstrating compliance with Indian securities regulations. The disclosure was made to BSE Limited as required under the substantial acquisition norms.

Investment Significance

The acquisition represents a notable institutional investment in Meesho Limited, with Fidelity International securing a 6.30% stake through the IPO process. The shareholding consists entirely of equity shares carrying voting rights, providing the international investment firm with a significant position in the company's ownership structure.

The regulatory filing confirms that the total diluted share capital of Meesho Limited stands at 4,513,131,000 shares, providing context for the scale of Fidelity's investment in the Indian e-commerce platform.