Meesho shares decline 6% after 110% surge since listing; short squeeze triggers auction

Meesho shares saw a 6.3% dip to Rs 220.50 after a nearly 110% surge post-IPO. A short squeeze forced over one crore shares into auction due to delivery shortfalls, exacerbated by a low free-float. The e-commerce platform's strong demand and UBS's 'Buy' rating have fueled its rapid ascent.