Meesho IPO Opens Next Week: Know GMP, Date, Price Band And Other Key Points Before Subscribing

Meesho IPO Opens On Wednesday: The initial public offering (IPO) of SoftBank-backed e-commerce platform Meesho is scheduled to open next week. Meesho operates as a multi-sided technology-driven e-commerce platform that

connects four major stakeholders — consumers, sellers, logistics partners and content creators. Over the 12-month period ended September 30, the company emerged as India’s largest e-commerce player in terms of both placed orders and annual transacting users.

In FY25, Meesho connected over 5 lakh transacting sellers with 199 million annual transacting users, enabling 1.8 billion placed orders. The company’s Net Merchandise Value (NMV) rose 29% year-on-year to Rs 29,988 crore in FY25, after recording 21% growth in FY24.

Meesho IPO Dates

The Meesho IPO will open for public subscription on Wednesday, December 3, and will close on Friday, December 5, after three days of bidding.

Meesho IPO Price Band

The price band for the Meesho IPO has been fixed in the range of Rs 105 to Rs 115 per equity share, with a face value of Rs 10 each.

Meesho IPO Lot Size

The lot size for the Meesho IPO is 135 shares. This means investors will need to invest a minimum of Rs 14,985 to apply for one lot. Retail investors can apply for a minimum of one lot and in multiples of 135 shares thereafter.

Meesho IPO Allotment and Listing Date

The allotment of Meesho IPO shares is expected to be finalised on Monday, December 8. Shares will be credited to the demat accounts of successful bidders on December 9, and refunds to unsuccessful investors will also be initiated on the same day. Meesho shares are scheduled to be listed on both the BSE and NSE on Wednesday, December 10.

Lead Manager and Registrar

The registrar to the Meesho IPO is KFin Technologies Ltd., while the book running lead manager is Kotak Mahindra Capital.

Meesho IPO Reservation Structure

Under the reservation structure, not more than 75% of the issue is allocated for Qualified Institutional Buyers (QIBs), not less than 15% for Non-Institutional Investors (NIIs), and not less than 10% is reserved for retail investors.

Meesho IPO GMP Today

The latest grey market premium (GMP) stands at Rs 39.50. Based on the upper end of the price band and the current GMP, Meesho shares are expected to list at around Rs 150.50 apiece, implying a listing premium of 35.59% over the issue price.

Anchor Investor Portion

The anchor investor segment for the Meesho IPO is scheduled to open on Tuesday, December 2.

Meesho IPO Issue Structure

The Meesho IPO is a combination of a fresh issue of 38.29 crore equity shares, aggregating to Rs 4,250 crore, and an offer for sale (OFS) of 10.55 crore shares amounting to Rs 1,171.20 crore. The total size of the book-built public issue stands at Rs 5,421.20 crore.

Meesho IPO Objectives

As per the red herring prospectus, Meesho will deploy the fresh issue proceeds primarily into its subsidiary Meesho Technologies Private Limited for investment in cloud infrastructure. The funds will also be used for salaries of existing and replacement hires in the Machine Learning, AI and technology teams, as well as for marketing and brand-building initiatives undertaken by the subsidiary.

In addition, the proceeds will be utilised to support inorganic growth through acquisitions, other strategic initiatives, and general corporate purposes.