The much-anticipated initial public offering (IPO) of social commerce giant Meesho Ltd. is finally set to debut on the Indian stock markets. The public issue will open for subscription on December 3, 2025, and will close on December 5, 2025. This marks a significant milestone for the homegrown e-commerce platform, offering retail investors a chance to own a piece of the company.
Meesho IPO: Critical Dates and Pricing Details
Meesho has fixed its IPO price band at ₹105 to ₹111 per equity share. The total issue size is a substantial ₹5,421.20 crore. This comprises a fresh issue of shares worth ₹4,250 crore, which will inject capital directly into the company, and an offer for sale (OFS) component of ₹1,171.20 crore, where existing shareholders will sell part of their stake.
Investors can apply in lots, with one lot consisting of 135 shares. The allotment of shares is tentatively scheduled for December 6, 2025, though it may shift to December 8 due to a weekend. Successful allottees can expect the shares to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) around December 10, 2025.
Market Buzz and Financial Health Check
Ahead of the official opening, Meesho shares are already commanding a premium in the unofficial grey market. As of today, the Grey Market Premium (GMP) is ₹42, indicating strong investor interest and potentially signalling a healthy listing gain.
However, a look at the company's recent financials presents a mixed picture. While Meesho's revenue has shown impressive growth—increasing to ₹9,900.90 crore in FY25 from ₹5,897.69 crore in FY23—its profitability has been under pressure. The company reported a significant 1103% drop in Profit After Tax (PAT) in FY25. Furthermore, its net worth has seen a decline over the past few fiscal years.
Key Players and Final Points for Investors
The IPO is being managed by a consortium of top investment banks, including Kotak Mahindra Capital, JP Morgan India, Morgan Stanley India, Axis Capital, and Citigroup Global Markets India. KFin Technologies is acting as the official registrar for the issue.
For potential investors, this IPO represents an opportunity to invest in a major Indian e-commerce player with a vast user base. The strong revenue growth and high grey market premium are positive indicators. However, the concerning trends in profitability and net worth warrant careful consideration. As with any investment, it is crucial to read the red herring prospectus thoroughly and, if needed, consult with a certified financial expert before making a decision.
