Meesho IPO: Promoters, Early Investors To Earn Up To 5550x Returns

Promoters and early investors in the e-commerce platform Meesho are set to earn profits up to 5,550 times their initial investment when its much-awaited initial public offering (IPO) hits D-Street on December 3, 2025. The public issue will close for subscription on December 5.

Promoter and founder Sanjeev Kumar, who is selling 16 million equity shares in the IPO, has his initial investment at just Rs 0.02 per share. At the upper end of the price band, Rs 111, he is set to earn a 5,549x return, which translates into a 5,54,900 per cent profit.

Co-founder Vidit Aatrey, also offloading 16 million shares, had an initial cost of Rs 0.06 per share. At the issue price, he is set to earn up to 1,849x, or 1,84,900 per cent returns.

Among institutional investors, Elevation Capital V will sell 24.45 million shares, which they had invested at Rs 3.04 apiece. The venture capital firm is poised to earn 35.51x returns. Peak XV Partners Investments V is set to earn up to 24.87x, Y Combinator Continuity Holdings I up to 107.82x, Venture Highway Series 1 up to 1.37x, and Golden Summit Limited up to 20 per cent returns.

Other early investors exiting in the IPO include Sarin Family India and Gemini Investments, who will earn up to 49.45x and 12.40x returns, respectively.

Meesho’s promoters hold 18.50 per cent of the company, while the remaining 81.50 per cent is with public shareholders. Elevation Capital is the largest investor with a 15.11 per cent stake.

Meesho IPO Details

The e-commerce firm is looking to raise Rs 5,421.20 crore through a public listing. The company has fixed the price band at Rs 105–111 per share, which values the Bengaluru-based unicorn at Rs 50,096 crore (or $5.6 billion) at the upper end. The company is offering its shares in lot size of 135 shares, requiring a minimum investment from retail investors of Rs 14,985. The IPO includes a fresh issue of 382.88 million shares worth Rs 4,250 crore and an offer for sale (OFS) of 105.51 million shares aggregating to Rs 1,171.20 crore.

The share allotment for the Meesho IPO is expected to be finalised on December 8, 2025. The company is likely to make its market debut on December 10, with the stock scheduled to list on both the BSE and NSE.

Meesho IPO Objectives

Meesho plans to use a major portion of the IPO proceeds toward technology and expansion-related initiatives. 

According to its red herring prospectus (RHP), Meesho will invest Rs 1,390 crore in its subsidiary, Meesho Technologies (MTPL), to strengthen cloud infrastructure. It will also allocate Rs 480 crore towards salaries for existing and new recruits across its machine learning, AI and technology teams.

In addition, the company will allocate Rs 1,020 crore into MTPL to support marketing and brand-building activities. The balance will be used for acquisitions, strategic initiatives and general corporate purposes.

Meesho IPO GMP

The grey market premium (GMP) of Meesho's shares in the unlisted market last quoted at Rs 42 apiece over the issue price, as of November 30. Given the current GMP and the upper band of the issue price, Meesho is expected to list at Rs 153 per share. This represents a potential listing gain of 37.84 per cent.