Meesho IPO GMP: E-Commerce Firm Targets Rs 50,000-Crore Valuation As Rs 5,421-Crore Issue Opens On December 3

Meesho’s much-awaited initial public offering (IPO) will open for subscription on December 3 and close on December 5. 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, therefore requiring a minimum investment from retail investors of Rs 14,985 crore.

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 Selling Shareholders

Among the existing investors participating in the OFS are Elevation Capital, Peak XV Partners, Golden Summit, Y Combinator, Venture Highway Series 1, Gemini Investments, and promoters Vidit Atrey and Sanjeev Kumar.

Meesho’s promoters hold 18.5 per cent of the company, while the remaining 81.5 per cent is with public shareholders. Elevation Capital is the largest investor with a 15.11 per cent stake. Naspers Ventures of Prosus owns 12.34 per cent, and Peak XV Partners holds 11.3 per cent. SoftBank’s SVF II Meerkat has 9.3 per cent, and WestBridge Crossover Fund owns 3.92 per cent.

Meesho IPO Objectives

Meesho plans to use the net proceeds from its IPO to support a series of technology, marketing and growth initiatives. According to its red herring prospectus (RHP), the company will invest Rs 1,390 crore in its subsidiary, MTPL, to strengthen cloud infrastructure. It will also allocate Rs 480 crore towards salaries for existing and new hires in its machine learning, AI and technology teams.

A further Rs 1,020 crore will be invested in MTPL for marketing and brand-building efforts. The remaining funds will be used for acquisitions, strategic initiatives and general corporate purposes.

Meesho Financials

On a consolidated basis, Meesho’s revenue from operations rose 23.31 per cent to Rs 9,389.90 crore in FY25 from Rs 7,615.10 crore in FY24. Total income stood at Rs 9,900.90 crore, while total expenses increased 22.46 per cent to Rs 10,009.30 crore.

The company reported a consolidated loss before tax of Rs 1,454.80 crore, as against Rs 327.60 crore a year earlier. Total comprehensive loss for the year came in at Rs 3,945.40 crore.

Meesho IPO GMP

The grey market premium (GMP) of Meesho's shares in the unlisted market is trading at Rs 30 over the issue price. Given the current GMP and the upper band of the issue price, Meesho is expected to list at Rs 141 per share. This represents a potential listing gain of 27.03 per cent.