Meesho Ltd. began its initial public offering on December 3, 2025, and will continue until December 5. The e-commerce platform, which SoftBank supports, priced it between Rs. 105 and Rs. 111. The public issue will have a fresh equity issue of Rs. 4,250 crore and offer-for-sale (OFS) of Rs. 1,171.20 crore, amounting to Rs. 5,421.20 crore. The company is offering the shares to be listed on the BSE and the NSE.
The retail segment was well supported on the first day of bidding, with retail subscriptions of 3.48 times. The number of subscriptions to the qualified institutional buyer (QIB) was 2.121 times, and the number of subscriptions to the non-institutional investor (NII) was 1.421 times.
On December 3, Meesho increased its grey market premium (GMP) by 2 points to Rs. 47, which is better than the Rs. 42 of the day before. According to the upper price band of Rs. 111, the approximation of IPO listing price is likely to be estimated at Rs. 160, meaning a listing gain of 44%.
The lot size of Meesho IPO is 135, and the minimum investment is Rs. 14,985. The anchor investor segment was opened on December 2, with the Share allotment set to occur on December 8, together with the credit and refunds. It will be listed on BSE and NSE on December 10.
KFin Technologies Limited is the official registrar, and the lead managers are Kotak Mahindra Capital, JP Morgan India, Morgan Stanley India, Axis Capital, and Citigroup Global Markets India. QIBs, NIIs, and retail investors have been given 75, 15, and 10% shares, respectively.
Meesho will use the proceeds to expand its subsidiary, Meesho Technologies Pvt. Ltd., and invest Rs. 1,390 Crore in cloud infrastructure. It will spend more than Rs. 400 crore on talent in technologies, whereas Rs. 1020 crore will be spent on marketing and branding. The extra money will be used towards strategic acquisition and corporate purposes.
Analysts suggest a long-term subscription because Meesho has been expanding at a high rate in Tier-2 and Tier-3 cities. The firm has registered a FY25 revenue of Rs. 9390 crore and free cash flow of about Rs. 1000 crore. The technology-based marketplace and zero commission model of Meesho have enabled the scaled operations to be efficient. Analysts observe that profitability is an objective to be achieved in the future, and investors ought to look at possible risks related to high valuation and competitive forces.