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Mumbai, December 11, 2025: Indian e-commerce platform Meesho (MEES.NS) had a stellar stock market debut on December 10, with shares opening at ₹162.50 and climbing as high as ₹171.84, marking a premium of up to 46% over its IPO issue price of ₹111.

The strong listing reflects robust investor appetite for India’s fast-growing value-commerce sector amid a record-breaking year for IPOs.

Key Highlights From The IPO

Meesho’s ₹5,421 crore IPO, comprising a fresh issue of ₹4,250 crore and an offer for sale (OFS) of ₹1,171 crore, was oversubscribed 79 times overall.

Qualified institutional buyers (QIBs) showed exceptional demand, subscribing 120 times their portion, while retail and non-institutional investors also participated enthusiastically.

The issue attracted bids worth approximately ₹2.5 trillion ($28 billion), one of the highest in recent Indian IPO history.

Anchor investors committed ₹2,439 crore ahead of the public bidding period.

Post-Listing Performance

Opening Price: ₹162.50 (46% premium)
Intraday High: ₹171.84
Market Cap on Debut: ~₹780 billion ($8.69 billion)
Closing: Shares ended the day around ₹170, up about 51% from the issue price

The debut comes as India’s IPO market surges, with 2025 fundraising expected to exceed the previous record of $20.5 billion.

Meesho’s Business Model And Growth Trajectory

Founded in 2015 by Vidit Aatrey and Sanjeev Barnwal, Meesho operates as a zero-commission marketplace focused on affordable fashion, home essentials, and lifestyle products.

It connects small sellers, resellers, logistics partners, and content creators, with a strong presence in Tier 2, Tier 3, and rural markets.

Key metrics (as of September 2025):

234 million annual transacting users
706,000 annual transacting sellers
1.83 billion orders in FY25
India’s largest e-commerce platform by order volume and transacting users (Redseer Report)

Revenue for the first half of FY26 rose 29% to ₹55.78 billion, while losses narrowed 72% to ₹7 billion, highlighting improving unit economics despite ongoing investments.

Use Of Proceeds

The fresh capital will fund:

Cloud infrastructure upgrades (₹1,390 crore)
AI and technology team expansion
Marketing and brand building
Potential acquisitions and general corporate purposes

Investor Perspective And Outlook

Analysts view Meesho’s listing positively, citing its dominance in low-cost segments and untapped potential in content-led commerce and logistics (via Valmo).

However, competition from Amazon and Flipkart, along with the need to boost advertising revenue (currently 2.5% of GMV, compared to the global average of 5-10%), remains a key challenge.

Early backers, including SoftBank, Peak XV Partners, and Elevation Capital, achieved significant exits through the OFS, delivering strong returns for long-term investors.

Meesho’s successful debut underscores India’s thriving startup ecosystem and investor confidence in consumer-driven tech platforms.

As the company shifts to public accountability, its focus will now turn to achieving profitability milestones and sustaining growth in a maturing e-commerce landscape.