Meesho IPO Date, Price, GMP, Review

Meesho IPO Date, Price, GMP, Review

 

Meesho IPO Overview

Meesho Ltd, a SoftBank-backed e-commerce platform targeting value-conscious consumers in India, is set to launch its maiden IPO on December 3, 2025, aiming to raise up to ₹4,250 crore through a fresh issue alongside an offer for sale (OFS) of 17.57 crore equity shares. The issue will close on December 5, with allotment finalization on December 8, refunds on December 9, and listing on BSE and NSE on December 10. The price band and total size remain tentative pending Red Herring Prospectus (RHP) details.​

Key IPO Details

Meesho's book-built IPO reserves 10% for retail, 75% for QIBs, and 15% for HNIs, with a face value of ₹1 per share. Anchor bidding occurs on December 2. Proceeds will fund AI/ML enhancements, cloud infrastructure, brand marketing, and inorganic growth, aligning with its focus on low AOV (₹200-500) products and 3 crore annual transacting users (up 4x in order frequency, FY25 NMV ₹8,679 crore).​

Parameter	Details
Open/Close	Dec 3–5, 2025
Allotment	Dec 8, 2025
Listing	Dec 10, 2025 (BSE/NSE)
Fresh Issue	₹4,250 Cr
OFS	17.57 Cr shares
Lot Size/Price	TBA (min retail bid TBA)
Lead Managers	Kotak Mahindra Capital, etc.
Registrar	KFin Technologies Ltd

GMP and Market Sentiment

Grey Market Premium (GMP) stands at ₹33 as of November 27, signaling modest listing gains once the price band is set (estimated upper band could yield 10-20% premium based on early buzz). Investor interest is high due to Meesho's leadership in value e-commerce, cash-flow positivity, and tech pivot, though thin margins and competition from Amazon/Flipkart warrant caution. Analysts view it positively for long-term growth via AI and vernacular expansion.​

Financial Review

Meesho reported improved unit economics with falling cost per order and rising contribution margins in FY25, boasting 213 million+ annual users by mid-2025. While PAT remains negative due to one-offs, operational metrics shine: top platform by transacting users/orders. Valuation targets ~$6B (₹53,000 Cr), premium to peers but justified by scale in underserved segments. Risks include high competition and profitability timelines.

What is Meesho's IPO price band and valuation details

Meesho Ltd has set its IPO price band at ₹105 to ₹111 per share for its initial public offering slated to open on December 3, 2025, and close on December 5, 2025. The IPO includes a fresh issue worth ₹4,250 crore and an offer for sale of about 17.57 crore shares by existing shareholders. The company aims to raise around ₹5,800 to ₹6,600 crore in total through this IPO.

The post-money valuation of Meesho based on the IPO price band is approximately ₹52,500 to ₹53,000 crore (around $6 billion), which places the company's price-to-sales multiple in the high single digits. The valuation reflects Meesho's position as India's largest e-commerce platform by annual transacting users and its rapid growth in the value e-commerce segment.

Meesho plans to use the IPO proceeds primarily to invest in cloud infrastructure, machine learning and AI teams, brand building, and inorganic growth via acquisitions. The listing is expected on both BSE and NSE on December 10, 2025. Grey Market Premium (GMP) stood at ₹33 as of late November 2025, indicating positive market sentiment and potential listing gains.

This IPO is one of the largest tech listings of the year in India and is expected to draw strong investor interest due to Meesho's unique position in India's e-commerce ecosystem, focus on low and mid-income segments, and technology-driven business model.