Meesho IPO GMP opens today: E-commerce platform Meesho has launched its Initial Public Offering (IPO) today. The company has fixed its price band at ₹105 -₹111 per share. Brokerages present a broadly positive but measured stance on the Rs 5,421-crore public issue, with many recommending ‘subscribe’ on the Meesho IPO for long-term investors while underscoring material risks — chiefly profitability and competition. The lot size for retail investors in Meesho IPO is 135 shares, amounting to a total investment of Rs 14,985 per lot at the upper price band.
Meesho IPO GMP opens today: Key Details
Grey market premium of Meesho rose to 44% as the retail portion of the share sale got fully subscribed within first hour of its opening. Lets know the necessary details here:
Dates: 3-5 December 2025
Price: ₹105-2111
Size: 25,421.20 crore
Lot Size: 135 shares
Allotment: 6 December or 8 December 2025
Registrar: KFin Technologies
Managers: Kotak, JP Morgan, Morgan Stanley, Axis, Citigroup
Listing: 10 December 2025
Meesho IPO GMP opens today: Meesho valuation
While EBITDA is still negative, valuation naturally centres around EV/Sales. Peer platforms trade between 2 to 6.5x EV/Sales range (Brainbees at 2.1x Swiggy at 6.5x), while higher-margin players like Eternal and Nykaa command premium multiples of 14.5x and 9.7x. Meesho’s 4.8x EV/Sales sits squarely in the middle. Meesho has demonstrated robust revenue growth from ₹5,735 crore in FY23 to ₹9,390 crore in FY25, though persistent net losses widened to ₹3,942 crore amid scaling investments, positioning it as a high-growth e-commerce player focused on volume expansion over profitability.
