Meesho IPO GMP jumps as e-commerce firm sets price band; should you subscribe?

Meesho IPO share allotment is expected on December 8, and the stock is slated to list on December 10.

Meesho IPO GMP has risen to about 26 percent after the SoftBank-backed e-commerce company set the price band for its Rs 5,421-crore initial public offering (IPO).

The company has fixed the price band at Rs 105–111 a share, valuing Meesho at Rs 50,096 crore at the upper end. The issue will open for subscription on December 3.

Meesho IPO GMP Today Price 

Platforms tracking unofficial market activity showed the company’s shares quoting a GMP of more than 26 percent. Investorgain pegged the premium at Rs 29, implying a potential listing gain of 26.13 percent, while IPO Watch indicated a GMP of nearly 30 percent.

The issue will close on December 5. Anchor investor allocation is scheduled for December 2.

Meesho plans to use the proceeds for investment in cloud infrastructure, marketing and brand initiatives, inorganic growth through acquisitions and other strategic plans, and general corporate purposes.

Meesho IPO: Should you subscribe? 

FundsIndia has given a "Subscribe" rating to the IPO, noting Meesho’s scale, rapid user growth and improving operating metrics, despite the company remaining loss-making.

According to the note, Meesho has become India’s largest e-commerce platform by placed orders and annual transacting users, supported by its penetration into value-focused buyers in Tier-2 and Tier-3 markets. The brokerage cited the company’s zero-commission, asset-light marketplace model as a key factor in this expansion. Meesho earns through logistics, advertising and data-driven tools.

Meesho IPO: Brokerage issues ‘Subscribe’ call, cites strong growth but flags profitability, competition risks

In FY25, the platform connected more than five lakh transacting sellers with 199 million annual transacting users, enabling 1.8 billion placed orders. Net Merchandise Value (NMV) rose 29 per cent year-on-year to Rs 29,988 crore in FY25, following 21 per cent growth in the previous year.

In e-commerce, NMV represents the cumulative checkout value of successfully delivered orders, including taxes. It is viewed as a core indicator of customer adoption and repeat usage.

Meesho reported a net loss of Rs 3,942 crore for FY25, mainly due to one-time exceptional items, including reverse-flip tax and perquisite tax linked to its transition to a public structure. PTI SP SKY SKY

Meesho IPO share allotment is expected on December 8, and the stock is slated to list on December 10.

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