Meesho is India’s leading social commerce platform, which established its IPO in December 2025 and gained immense attention from retail as well as institutional investors. The IPO was approved by SEBI on 14 October 2025 and raised Rs 5421 Crore via Rs 4250. GMP is Grey Market Premium is Rs 150 each share, pointing towards a potential of 35% listing profit over the Rs 111 upper price band.
In this blog, we will get to know about the meesho ipo gmp, objectives, price, date, financials, valuations, IPO Reservations, Strengths and Weaknesses, and much more.
Meesho IPO GMP: Overview
Meesho IPO GMP (Grey market Premium) is the informal premium at which unlisted IPO shares trade in the grey market before the formal listing. It is a barometer for expected gains of listing. If we talk about the Meesho IPO, then its GMP has started to be available, but is increasing quickly.
Objectives
Given below are the various objectives of Meesho IPO GMP that you should know:
- Cloud Infrastructure: Rs 1390 Crores
- AI and ML Team Salaries: Rs 480 Crores
- Marketing and Branding: Rs 1020
- Balance: Acquisitions and Corporate
Meesho (E-Commerce Company): Overview
Meesho Limited was established in December 2015 by Vidit Aatrey (CEO) and Sanjeev Barnwal. Its headquarters are located in Bengaluru, Karnataka, India. Meesho is an E-commerce company and follows a Zero-commission, asset-light platform. Meesho deals with categories like Fashion, home & kitchen, beauty, electronics, accessories, and daily essentials. Meesho supports 10 languages in India and has some artificial creations like BharatMLStack, GeoIndia LLM, GenAI voice bot, and multi-modal search.
| Company Detail | Information |
| Company Name | Meesho Limited |
| Founded | December 2015 |
| Founders | Vidit Aatrey (CEO), Sanjeev Barnwal |
| Headquarters | Bengaluru, Karnataka, India |
| Industry | E-commerce |
| Business Model | Zero-commission, asset-light platform |
| Key Categories | Fashion, home & kitchen, beauty, electronics accessories, daily essentials |
| Languages Supported | 10 Indian languages (English, Hindi, Tamil, etc.) |
| AI Innovations | BharatMLStack, GeoIndia LLM, GenAI voice bot, multi-modal search |
Meesho IPO GMP Details
| Date | GMP (Rs) | Expected Listing Price (₹) | % Premium over Upper Band (₹111) | Key Market Context |
| Dec 2 (Pre-IPO) | N/A | N/A | N/A | GMP not started; anticipation building |
| Dec 3 (Day 1) | 39-42 | 144-153 | 30-38% | Subscription at 0.92x overall |
| Dec 4 (Day 2) | 47-51 | 158-162 | 42-46% | Subscription jumps to 7.12x overall |
| Dec 5 (Day 3) | 47-53 | 158-164 | 42-48% | Final subscription 45x; GMP peaks early |
| Dec 8 (Allotment) | 150 | 261 | 135% | Post-allotment surge; 97x QIB subscription |
| Dec 9 (Pre-listing) | 40-41 | 151-152 | 36% | Stabilizing ahead of Dec 10 listing |
Meesho IPO GMP Market Lot Size
| Investor Category | Minimum Lots | Minimum Investment (Lower Band Rs 105) | Minimum Investment (Upper Band Rs 111) | Maximum Lots (Retail) | Shares per Lot |
| Retail Individual | 1 | Rs 14,175 | Rs 14,985 | 13 | 135 |
| Small NII (sNII) | 14 | Rs1,98,450 | Rs 2,09,790 | – | 1,890 |
| Big NII (bNII) | 67 | Rs 9,50,550 | Rs10,05,585 | – | 9,045 |
| QIB (Institutions) | – | Institutional | Institutional | ≥75% allocation | Large |
| Employee Reservation | 1 | Rs 14,175 | Rs14,985 | Limited quota | 135 |
Some of the important details are:
- Lot Size: 135 Equity Shares
- Face Value: Rs 1 per share
- Price Brand: Rs 105 to Rs 111
- Total Issue Size: Rs 5421
- Retail Cap: 13 lots
Meesho IPO GMP Subscription Status
| Date & Time | QIB (x) | NII (x) | Retail (x) | Employee (x) | Total (x) |
| Day 1 (Dec 3) | |||||
| – 11:12 AM | 0.1 | 0.15 | 1.5 | – | 1 |
| – End of Day | 2.36 | 2.12 | 3.87 | – | 2 |
| Day 2 (Dec 4) | |||||
| – Mid Day | 7.15 | 9.63 | 6.96 | – | 7.98 |
| – End of Day | 9.5 | 5.2 | 4.8 | – | 7.12 |
| Day 3 (Dec 5) | |||||
| – 11:12 AM | 7.44 | 18.12 | 11.67 | – | 11.16 |
| – 4:31 PM | 69.76 | 28.1 | 14.32 | – | 48.11 |
| – 5:00 PM | 79 | 38.09 | 18.54 | – | 79.03 |
| – 5:15 PM | 120.18 | 38.15 | 18.92 | – | 79 |
| – 6:19 PM (Final) | 97 | 38.16 | 19.08 | – | 81.76 |
Meesho IPO GMP Reservations
| Category | % Allocation | Shares Reserved (Cr) | Minimum Bid Requirement | Subscription Achieved |
| QIB (Qualified Institutional Buyers) | ≥75% | 36.63 | Institutional lots | 97.00x – 120.18x |
| NII (Non-Institutional Investors) | ≤15% | 7.65 | 14 lots (Rs 2.10L+) | 38.16x |
| Retail Individual Investors (RII) | ≤10% | 5.1 | 1 lot (Rs 14,985) | 19.08x |
| Small NII (sNII) | Part of NII | 1.89 | 14 lots (1,890 shares) | Included in NII |
| Big NII (bNII) | Part of NII | 9.05 | 67 lots (Rs 10L+) | Included in NII |
| Employee Reservation | Limited | Separate quota | 1 lot (Rs 14,985) | Strong uptake |
| Anchor Investors | Pre-IPO | Rs 1,500 Cr portion | Pre-IPO allocation | Fully subscribed |
Meesho IPO GMP Valuations
| Valuation Metric | Value at Upper Price Band (Rs111) | Post-Listing Peak Valuation | FY25 Multiple | Peer Comparison Context |
| Market Capitalization | Rs 50,096 Crore ($6 Billion) | Rs 78,000 Crore ($8.8B) | – | Nykaa: Rs 72,400 Cr |
| Price-to-Sales (P/S) | 5.3x (Rs 9,390 Cr revenue) | 8.3x | Growth premium | FirstCry: 2.0x |
| Price-to-GMV | 1.8x ($6.2B run-rate GMV) | 2.8x | Attractive | E-com peers: 2-3x |
| EV/Sales Ratio | N/A (Zero Debt) | N/A | Capital light | Industry: 4-6x |
| Listing Day Premium | 46% (Rs162.50 open) | 58% peak (Rs175) | GMP Rs150 validated | Above GMP expectations |
| Pre-IPO Private Valuation | $5 Billion (2021) | – | – | SoftBank/Prosus round |
| Fully Diluted Shares | 4.88 Billion shares |
Meesho IPO GMP Financials
| Period Ended | Revenue from Operations (₹ Cr) | Total Income (Rs Cr) | Profit After Tax (PAT) (Rs Cr) | EBITDA (Rs Cr) | Total Assets (Rs Cr) | Net Worth (Rs Cr) |
| FY23 | 5,735 | 5,897.69 | -1,671.90 | -1,693.73 | 3,853.35 | 2,548.31 |
| FY24 | 7,615 | 7,859.24 | -327.64 | -230.15 | 4,161 | 2,301.64 |
| FY25 | 9,390 | 9,900.90 | -3,941.71 | -219.59 | 7,226 | 1,561.88 |
| Jun 30, 2025 | 2,629.96 | – | -289.36 | -167.45 | 6,049.60 | 1,322.11 |
| Sep 30, 2025 | – | 5,857.69 | -700.72 | -551.87 | 6,640.39 | 968.87 |
Strengths and Risks
Here are some of the strengths and risks associated with meesho ipo gmp for your better understanding:
| Strengths | Risks |
| Technology-led platform with GenAI integration across engineering and business functions for scalability and efficiency | Persistent losses with FY25 PAT at -Rs3,942 crore despite revenue growth |
| BharatMLStack processed 1.91 petabytes daily and 3.12 trillion real-time predictions at peak | Intense competition from Flipkart, Amazon, and other e-commerce giants |
| Simple, intuitive mobile app supporting 10 Indian languages with multi-modal search (text, voice, image) | High execution risks in AI/ML investments and new business verticals |
| GeoIndia LLM for accurate address geo-encoding and AI-powered advertising tools for sellers | Dependence on third-party logistics partners and regulatory changes in e-commerce |
| Zero-commission model and “Everyday Low Prices” strategy attracting price-sensitive Tier 2+ consumers | Market volatility is affecting GMP stability and post-listing performance |
| Asset-light operating structure, avoiding inventory, warehouses, and owned logistics assets | Customer acquisition costs and scaling challenges in new initiative segments |
| Strong revenue growth: 33% CAGR from Rs 5,735 Cr (FY23) to Rs 9,390 Cr (FY25) | Profitability pressure from heavy investments in cloud infrastructure and marketing |
| 575K annual transacting sellers and 213M annual transacting users as of June 2025 | Execution risks in inorganic growth through acquisitions and strategic initiatives |
Conclusion
GMP stands for Grey market Premium, that is, the informal premium at which unlisted IPO shares trade in the grey market before the formal listing. Meesho was established in December 2015 by Vidit Aatrey (CEO) and Sanjeev Barnwal. meesho ipo gmp is a Technology-led platform with GenAI integration across engineering and business functions for scalability and efficiency.
Disclaimer: The above information is only for informational purposes, so not be regarded as financial, investment, or legal advice. The prices may change as per the market. Readers of this blog are advised to always consult a financial advisor before making any investment. The blog and author do not guarantee the accuracy.
