Meesho Ltd. is set to launch its initial public offering on Wednesday, with the issue closing on Friday. The IPO will include a mix of fresh issues of shares worth Rs 4,250 crore and an offer for sale of 10 crore shares by existing shareholders. The price band for the issue is set at Rs 105 to Rs 111 per share. The IPO's last grey market premium is at Rs 46, as of 8:30 p.m. on Monday. With the price band of Rs 111, Meesh's IPO's estimated listing price is Rs 157

Meesho IPO GMP: Smaller OFS To Trimmed Losses - What's Likely Behind Soaring Grey Market Estimates

Meesho IPO Set to Launch on Wednesday

Details of the Initial Public Offering

Meesho Ltd. is set to launch its initial public offering (IPO) on Wednesday, with the issue closing on Friday, according to the company’s red herring prospectus. The IPO will include a mix of fresh issues of shares worth Rs 4,250 crore and an offer for sale of 10 crore shares by existing shareholders.

Price Band and Listing Price

Price Band: Rs 105 to Rs 111 per share
Estimated Listing Price: Rs 157, according to InvestorGain
Expected Percentage Gain per Share: 41.44%

Grey Market Premium and GMP Gains

The IPO's last grey market premium is at Rs 46, as of 8:30 p.m. on Monday. This is also much higher than the 32.43% GMP gains that the IPO was trading with on Nov. 28.

Reasons for Retail Investor Interest

Reduction of OFS size by 40% from 175.6 million shares to 105.5 million shares, worth Rs 1,171 crore
Meesho follows a technology-first strategy, limiting manual interventions in its operations
Adaptation of GenAI tools into its workflow to streamline code generation, development speed, and to lower its turnaround time
Mobile app designed with India-specific user behaviour in mind, with ability to scale while keeping costs in check
Narrowing of losses to Rs 700.7 crore in the first half of fiscal 2026
Unique business model that does not compare with other newly listed consumer-tech companies
Meesho's platform serves all consumer segments across India by making e-commerce "affordable, accessible, and engaging"

Promoter Selling Shareholders

Vidit Aatry
Sanjeev Kumar

Corporate Selling Shareholders

Peak XV Partners
Elevation Capital V Ltd.
Venture Highway Series 1
Golden Summit Ltd.
Y Combinator Continuity Holding I, LLC
Sarin Family India LLC
Gemini Investments
Man Hay Tam

Use of Proceeds

The company will use Rs 1,390 crore from the proceeds to invest for cloud infrastructure in subsidiary Meesho Technologies Pvt., while Rs 480 crore will be used form payment of salaries of existing and replacement hires for the Machine Learning and AI and technology teams.