The eagerly awaited Meesho IPO is set to launch next week, marking a significant milestone for India’s value-focused digital retail sector. The e-commerce IPO is structured as a book-built issue, with a total size aggregating up to ₹5,421.20 crore, comprising 48,83,96,721 equity shares. The SoftBank-backed platform aims to raise fresh capital while allowing early investors to partially exit.
The Investment Window and Price Band
The public subscription window for the Meesho IPO is scheduled to run from Wednesday, December 3 to Friday, December 5, 2025. Investors must finalise their applications, including the UPI mandate confirmation, by 5 PM on Friday, December 5.
- Meesho Price Band: The shares are priced between ₹105 and ₹111 per equity share, carrying a face value of ₹1.
- Fresh Issue: ₹4,250.00 crore of the total issue size is a fresh issuance of shares.
- Offer for Sale (OFS): The remaining ₹1,171.20 crore is an OFS, involving the sale of 10,55,13,839 shares by existing shareholders and promoters.
- Retail Lot Size: Retail investors are required to bid for a minimum lot size of 135 shares.
Ahead of the launch, early investor sentiment, reflected by the Grey Market Premium or GMP stands at ₹29 (As of Nov 28, 2025 12:56 PM). With the upper price band of 111.00, Meesho IPO’s estimated listing price is ₹140 (cap price + today’s GMP).The expected percentage gain/loss per share is 26.13%. suggests robust demand, with the stock hinting at a potential listing gain of nearly 32%.
(Source: Chittorgarh)
Timeline and Listing Details
The Meesho listing date process follows a strict timeline designed by SEBI. The IPO closes on Dec 5, 2025 with the tentative allotment to be finalised on Monday, December 8, 2025. Following this, the initiation of refunds and the credit of shares to successful applicants’ Demat accounts are scheduled for Tuesday, December 9, 2025.
The highly anticipated debut of the e-commerce IPO shares on the BSE and NSE is expected on Wednesday, December 10, 2025.
(Source: SEBI, DRHP, Chittorgarh)
Utilisation of Funds
Specifically, the funds will be used for:
- Technology & Infrastructure: Deployment of capital to upgrade cloud infrastructure and enhance core technological platforms.
- AI and Talent: Investment in its Machine Learning and AI teams (including salaries for existing and new hires) to maintain its technology-first approach.
- Expansion & Marketing: Funding brand-building initiatives and expanding logistics capabilities to strengthen market penetration.
- Strategic Growth: Allocation of remaining funds toward inorganic growth opportunities, such as acquisitions, and general corporate purposes.
(Source: SEBI, DRHP)
About the Business and Its Strengths
Founded in 2015, Meesho has built a strong market position, especially within India’s Tier II and Tier III cities, leveraging an asset-light model and a zero-commission policy for sellers. This strategic focus is underpinned by unique operational strengths:
- Triple Flywheel: The platform is driven by three self-reinforcing mechanisms: commerce, logistics (Valmo), and content commerce. This synergy generates strong network effects, ensuring affordable prices and a wide product assortment.
- AI Technology: A high proportion (56.55%) of the company’s employees are dedicated to technology and AI. This commitment is evidenced by the use of GenAI tools and hyper-personalised real-time AI models for consumer feeds, ensuring efficiency and scalability. The firm’s GMV to FTE (Gross Merchandise Value to Full-Time Employee) ratio of ₹273.44 million highlights its strong operational productivity.
(Source: SEBI, DRHP)
The Bottomline
The Meesho IPO presents investors with a clear opportunity to back a disruptive e-commerce IPO leader in India’s high-growth value-commerce segment. The definitive Meesho price band (₹105 to ₹111) and positive GMP reflect institutional confidence in the platform’s efficiency and unique ‘flywheel’ model.
While the ₹5421 crore IPO carries risks inherent to high-growth tech firms, such as competition and the path to consistent profitability, the sheer scale of its user base and technological leverage make the upcoming Meesho listing date on December 10, 2025, a critical event for the Indian primary market.
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