Meesho IPO to Open Tomorrow; Grey Market Shows Strong Demand

Here’s a polished, newspaper-ready English version of your Meesho IPO article:

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Mumbai: E-commerce platform Meesho’s highly anticipated IPO opens tomorrow, December 3, 2025. Even before the formal launch, the IPO has created a buzz in the grey market, signaling strong investor interest. The IPO’s upper price band has been set at ₹111 per share, and the current Grey Market Premium (GMP) stands at 40.54%, indicating robust demand.

What is GMP?
The Grey Market Premium reflects an unofficial market where shares are traded before listing. A strong GMP suggests high investor enthusiasm and potential for a positive listing, though it does not guarantee price gains. Currently, Meesho’s GMP of ₹45 per share (40.54%) shows considerable pre-IPO demand.

IPO Details
Meesho’s IPO will remain open for subscription until December 5. The price band is set between ₹105 and ₹111 per share. Retail investors can apply in lots of 135 shares, costing up to ₹14,985 at the upper band. The share allotment is expected to be completed by December 8, with refunds processed and shares credited to DEMAT accounts on December 9. Trading on major stock exchanges will commence on December 10, 2025.

Analysts’ Take
Experts believe Meesho has carved a strong niche in India’s budget e-commerce market. The company continues to expand its seller base, improve operations, and attract more users. While profits may fluctuate in the short term due to operational changes and expenses, Meesho’s 2025 price-to-sales ratio of 5.5x appears reasonable compared to larger competitors.

Investor Guidance
Perumal Raja K. J. from FundsIndia suggests that risk-tolerant investors looking at early-stage growth companies may find Meesho an attractive opportunity. India’s e-commerce market is projected to grow from ₹83 lakh crore in 2030 to ₹135 lakh crore, with many consumers yet to go online for daily essentials, offering Meesho significant growth potential.

Financial Snapshot
Meesho’s revenue has grown from ₹5,730 crore in 2023 to ₹9,390 crore in 2025, driven by higher order volumes and better services for sellers. The platform’s active users reached 234.2 million in September 2025, up from 175 million last year, with orders touching 1,261 million and active sellers reaching 706,471.

IPO Lead Managers
The IPO is managed by leading investment banks, including Kotak Mahindra Capital, J.P. Morgan, Morgan Stanley, Axis Capital, and Citigroup, with KFin Technologies acting as the registrar. Trading is expected to begin on December 10, subject to regulatory approvals.