E-commerce platform Meesho is all set to launch its initial public offering (IPO) in the first week of December 2025.
This will be one of the last major IPOs of the year.
The total IPO size is ₹5,421.05 crore, which includes a fresh issue of ₹4,250 crore and an offer for sale (OFS) of 10.55 crore shares.
The company has set the price band at ₹105-111 per share, valuing Meesho at nearly ₹50,096 crore at the upper end.
Key Dates and Subscription Details
IPO Opening: Wednesday, December 3, 2025
IPO Closing: Friday, December 5, 2025
Allotment of Shares: Monday, December 8, 2025
Listing on BSE & NSE: Wednesday, December 10, 2025
Meesho has reduced the OFS portion by almost 40%, down from the earlier planned 17.57 crore shares.
Grey Market Premium Signals Strong Interest
Currently, unlisted Meesho shares are trading at ₹144 in the grey market, while the upper IPO price is ₹111.
This shows a grey market premium (GMP) of nearly 30%, suggesting strong investor demand.
Grey market premium indicates how much investors are willing to pay above the IPO price.
It changes based on market sentiment.
Meesho IPO Details and Fund Usage
The OFS shares are being sold by promoters and investors including Elevation Capital, Y Combinator Continuity, VH Capital, and others.
The proceeds from the IPO will be used for:
Investing in cloud infrastructure for Meesho Technologies Private Limited (subsidiary)
Paying salaries for AI and technology teams
Marketing and brand initiatives
Funding growth through acquisitions and other strategic purposes
Book Running Lead Managers (BRLMs) include Kotak Mahindra, J.P. Morgan, Morgan Stanley, Axis Capital, and Citigroup.
About Meesho
Founded in 2015, Meesho has carved a niche in the e-commerce sector with an asset-light business model.
Unlike other e-commerce players, Meesho does not:
Manufacture or sell private label products
Own product inventory
Maintain logistics infrastructure
This model allows Meesho to operate efficiently while competing in a highly competitive market.
