Meesho Shares Debut on D-Street with a Bang, Listing at 46% Premium
Shares of e-commerce platform Meesho made a strong debut on the Indian stock market today, December 10, 2025, listing at a premium of approximately 46% over their initial public offering (IPO) price. The IPO, which closed on December 5, 2025, saw substantial investor interest, being oversubscribed 79 times.
On the National Stock Exchange (NSE), Meesho shares opened at ₹162.50, a 46.40% increase over the IPO price of ₹111. A similar trend was observed on the Bombay Stock Exchange (BSE), where the shares commenced trading at ₹161.20, reflecting a 45.23% premium. Following the listing, the stock extended its gains, trading nearly 6% higher. For example, on the BSE, the shares were quoting at ₹171.30, up 6.27%. Similarly, on the NSE, the stock traded at ₹171.34, higher by 5.44%.
The ₹5,421.20 crore IPO comprised a fresh issue of shares worth ₹4,250 crore and an offer for sale of shares totaling ₹1,171.20 crore. The IPO price band was set at ₹105 to ₹111 per share, with a lot size of 135 shares.
The strong listing was anticipated, with the grey market premium (GMP) indicating positive market sentiment. Ahead of the listing, Meesho's unlisted shares traded at a GMP of ₹43. The IPO witnessed high traction from all investor categories, being subscribed 81.76 times overall. Qualified institutional buyers (QIBs) drove the rally, subscribing 123.34 times the reserved portion. Non-institutional investors subscribed 39.85 times, while retail investors bid 19.89 times.
Financials and Future Outlook
Meesho's financial performance reveals a mix of growth and challenges. In fiscal year 2025, revenue increased by 26% to ₹9,901 crore, driven by higher order volumes across value-led categories. However, net losses widened to ₹3,942 crore due to rising fulfillment costs, technology expenses, and competitive pricing. Losses for the first half of fiscal year 2026 stood at ₹701 crore.
InCred Equities assigned a "Subscribe" rating for short-term gains, citing attractive valuations at 5.3x market cap/sales. However, they cautioned about the difficulty of sustaining EBITDA breakeven due to challenges in supply-chain optimization, monetization scaling, and maintaining sharp pricing.
Analysts' Recommendations
Prashanth Tapse from Mehta Equities suggested that Meesho could debut with a 25-30% premium. He advised short-term investors to consider booking profits upon listing. Simultaneously, he said investors with a higher risk appetite could hold the stock for 12–18 months, considering Meesho's exposure to fast-growing e-commerce segments.
Prasenjit Paul from 129 Wealth Fund noted that while Meesho is likely to generate listing enthusiasm, investors should be alert to the typical pattern in new-age tech listings, where sharp gains are often followed by profit-booking and volatility.
Company Overview
Founded by Vidit Aatrey and Sanjeev Kumar, Meesho operates as an e-commerce platform focused on providing affordable products to consumers and a low-cost channel for sellers to scale their businesses. As of September 30, 2025, Meesho reported 706,471 annual transacting sellers and 234.20 million annual transacting users. The company has expanded into new initiatives, including a local logistics network for daily essentials and a digital financial services platform.
Buy, Sell, or Hold?
The strong listing of Meesho shares presents a mixed bag for investors. Short-term investors may consider booking profits, while those with a higher risk appetite and a long-term view could hold the stock, considering the company's growth potential in the Indian e-commerce market. However, investors should closely monitor the company's profitability and ability to sustain growth while managing costs.
