The Meesho IPO is opening on December 3. The price band is ₹105–₹111, and the Grey Market Premium has reached up to 42%. According to brokerages, investing for the long term could be the right option. Listing will be on December 10.
Meesho IPO: The Initial Public Offering (IPO) of online e-commerce platform Meesho will open for subscription on December 3, 2025, and close on December 5. Anchor investors will be able to book shares starting December 2. Even before the opening, Meesho's unlisted shares are trading at a significant premium in the grey market, indicating a potentially positive listing for the IPO.
Meesho IPO Details – Price Band and Amount
Meesho has set a price band of ₹105 to ₹111 per share for its IPO. The company plans to raise ₹4,250 crore through this issue. Additionally, 10.55 crore shares will be sold under the Offer For Sale (OFS). In the OFS, major investors and promoters will sell their shares. These include Elevation Capital V, Peak XV Partners, Highway Series 1, and Y Combinator Continuity Holdings. The promoter group includes Vidit Aatrey, Sanjeev Kumar, Man He Tam, Golden Summit, and VH Capital XI.
Meesho IPO GMP – Listing Benefits
Meesho's Grey Market Premium (GMP) was at ₹46.5 on Monday. Considering the upper end of the price band and the Grey Market Premium, the estimated listing price is considered to be approximately ₹157.5 per share. This is 41.89% higher than the price band's ₹111. If this trend continues on listing, investors could potentially gain up to ₹6,277.5 per lot.
Should You Invest? – Brokerage View
Analysts at Arihant Capital state that Meesho is advancing with b growth in FY26. The company's business is supported by Meesho AI Labs technology and a scaled flywheel model. Content commerce, Meesho Mall, and financial services are also contributing to the company's growth.
According to brokerages, content commerce in India is currently less developed compared to China, hence there is higher potential for its growth. Meesho is specifically focusing on Tier-2 and smaller cities, targeting 69.2 to 70.6 crore smartphone users.
Brokerages mentioned that based on the estimated annual income for FY26E, the IPO's P/S ratio at the upper price band of ₹111 is 2.3 times. Therefore, subscribing for the long term could be a suitable option for investors. According to SBI Securities, Meesho operates on a zero-commission model and primarily earns revenue from logistics and advertising. The company is still operating at a net loss, but has maintained positive free cash flow over the past two years.
Meesho IPO – Allotment and Listing
The allotment for the Meesho IPO is expected to be finalized on December 8, 2025. Shares will be listed on NSE and BSE on December 10, 2025. Investors can bid for a minimum of one lot (135 shares). To purchase one lot at the upper price band, an investor would need to invest at least ₹14,985.
A major portion of the funds raised from the IPO, ₹1,390 crore, will be spent on strengthening cloud infrastructure in its subsidiary MTPL. Additionally, ₹480 crore will be allocated to machine learning, AI, and the salaries and recruitment of the technical team. ₹1,020 crore will be invested in brand and marketing. The remaining funds will be used for acquisitions, strategic projects, and general corporate purposes.
