Meesho IPO Opens Today: Grey Market Premium Surges to Rs 47
Meesho IPO opens Dec 3 with price band Rs 105-Rs 111; Grey Market Premium hits Rs 47. Retail investors lead subscriptions for India’s e-commerce giant.
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Meesho Ltd., the zero-commission e-commerce platform, started its public listing (IPO) today, which is equivalent to a huge entrance to the Indian primary market. The subscription period has been opened for the public issuance, which will be closed on December 5, 2025.
The price for the shares was set between ₹105 and ₹111. The IPO is organized as a accompanied by a Fresh Capital-cum-Offer for Sale (OFS), which means that the existing shares are being sold along with the issuance of new ones. The company Meesho plans to collect a total of ₹5,421.20 crore with the help of fresh equity of ₹4,250 crore, and the segment for the OFS is ₹1,171.20 crore. The shares are expected to be listed on both BSE and NSE.
According to market watchers, Meesho stocks in the grey market are being traded at a premium of ₹47, which is an increase of ₹5 compared to yesterday's ₹42. This is an indication that there is a very good investor mood ahead of the IPO opening.
The IPO had an overall subscription of 0.62 times by 12:45 PM today. The share segment for retail investors saw a till of over 2.28 times and non-institutional investors (NII) were at 0.74 times. Qualified institutional buyers (QIBs) had not yet participated.
Key Points of Meesho IPO
IPO Date: Starts on December 3 and closes on December 5, 2025.
Price Band: The price of the share is set at ₹105–₹111.
Total Value: The size of the IPO is ₹5,421.20 crore out of this ₹4,250 crore is from newly issued shares and ₹1,171.20 crore from the sale of existing shares.
Lot Size: The minimum number of shares to be bought in a single transaction is 135.
Allotment Date: Expected to be on December 6, 2025; if the allotment is delayed because of a weekend, it will probably be on December 8.
Listing Date: BSE and NSE have tentatively set the date as December 10, 2025, for listing.
Registrar: KFin Technologies.
Lead Managers: Kotak Mahindra Capital, JP Morgan India, Morgan Stanley India, Axis Capital, Citigroup Global Markets India.
The financial community has mostly supported the IPO with a positive attitude for investors looking at the long term. Master Capital Services has given a 'subscribe' label and mentioned the plans of Meesho to grow the seller network, which will be combined with a wide range of products and AI technology aimed at better customer service.
Swastika Investmart also rated the IPO as a 'buy,' emphasizing Meesho’s robust position in the market of Tier-2 and Tier-3 cities where contenders like Amazon and Flipkart are hardly present. Although the company reported a net loss because of one-time charges, it had positive free cash flow in FY25. At a valuation close to $6 billion (₹50,000 crore) and a price/sales ratio of around 5.5x, analysts predict listing gains and long-term returns.
Other brokerage houses such as ICICI Direct, Marwadi Shares and Finance, SBI Securities, and Ventura Securities have also issued a subscription recommendation to long-term investors.
Key Takeaways
- Meesho will use the money generated from the IPO to attract more consumers and diversify its offerings.
- The price band has been set at ₹105–₹111, while the grey market premium is currently ₹47.
- Analysts consider Meesho’s unique market positioning and improved cash flow as the driving forces behind its future long-term gains.
