Meesho IPO in focus: The initial public offering of SoftBank-backed e-commerce firm Meesho Ltd. witnessed healthy demand
from both retail and non-institutional investors on its first day of bidding.
The IPO, which remains open until Friday, December 05, received bids for 66 crore shares against the total offer of
26.86 crore shares, resulting in an overall subscription of 2.46 times by the end of Day 1, according to exchange data.
Among the investor segments, the Retail Individual Investors category saw the highest interest at 4.13 times
subscription, followed by QIB at 2.18 times. The non-institutional investors portion was subscribed 2.18 times, as per
The Meesho IPO is a book-built issue worth ₹5,421 crore, which is a combination of a fresh issue of 38.29 crore shares
aggregating to ₹4,250 crore and an offer for sale of 10.55 crore shares aggregating to ₹1,171.20 crore.
The price band of the Meesho IPO has been fixed at ₹105– ₹111 per share. Retail investors can apply for a minimum of 135
shares in one lot and up to 13 lots. At the upper end of the price band, ₹11 per share, retail investors are required to
make a minimum investment of ₹14,985 per lot.
The company plans to use IPO proceeds for multiple purposes, including ₹480 crore for salaries of AI and technology
teams at its subsidiary Meesho Technologies Private Limited (MTPL), ₹1,390 crore for cloud infrastructure, and ₹1,020
crore for marketing and brand initiatives. Additional funds will support acquisitions, strategic initiatives, and
general corporate purposes.
In other issue details, the Meesho IPO allotment of shares is expected to be finalized on Monday, December 08. The
company will initiate refunds on Tuesday, December 09, and the shares will be credited to the demat accounts of
allottees on the same day following refunds.
The shares are set to list on both NSE and BSE tentatively on Wednesday, December 10.
Meesho GMP signals over 46% premium
As of today, the grey market premium (GMP) for the Meesho IPO stands at ₹51 per share, suggesting that the stock is
likely to list above its issue price. Based on this GMP and the upper price band, the estimated listing price is ₹162,
reflecting a 46% premium over the upper issue price of ₹111 per share.
The GMP represents the expected difference between an IPO’s issue price and its anticipated listing price in the
unofficial market. However, it’s important to note that the GMP is merely an early indicator and should not be relied
upon as the sole factor in investment decisions.
Incorporated in 2015, Meesho Limited is a multi-sided e-commerce platform in India connecting consumers, sellers,
logistics partners, and content creators. Its marketplace offers affordable products to consumers and a low-cost growth
The company reported a net loss of ₹3,942 crore in FY25, mainly due to one-time transition-related taxes. However,
losses narrowed to ₹700.72 crore in H1 FY26, while revenues rose to ₹5,577.54 crore from ₹4,311.29 crore a year earlier.
Disclaimer: We advise investors to check with certified experts before making any investment decisions.