Meesho Makes Bumper Debut On Bourses, Lists At 46% Premium

SUMMARY

Meesho made a bumper debut on the stock exchanges, listing 46.4% above the issue price at INR 162.50 apiece on the NSE

On the BSE, the stock got listed at INR 161.20 per share, marking a premium of 45.2% to the issue price of INR 111

Meesho’s IPO comprised a fresh issue of INR 5,421 Cr and an offer for sale of up to 10.6 Cr shares

Ecommerce unicorn Meesho made a bumper debut on the stock exchanges, listing 46.4% above the issue price at INR 162.50 apiece on the NSE.

On the BSE, the stock got listed at INR 161.20 per share, marking a premium of 45.2% to the issue price of INR 111.

The stock soared further after listing and was trading at INR 171.50 per share as of 10:25 IST. The company’s market capitalisation stood at INR 77,422.76 Cr ($8.6 Bn) at the time.

Meesho’s IPO comprised a fresh issue of INR 5,421 Cr and an offer for sale of up to 10.6 Cr shares. Cofounders Vidit Aatrey and Sanjeev Kumar and investors like Elevation Capital, Peak XV Partners, Venture Highway, and Y Combinator offloaded shares via the OFS.

Y Combinator, which offloaded 71.9 Lakh shares via the IPO, raked in 108X return from the public offering. Meanwhile, Elevation Capital bagged 37X return on its investment.

Meesho’s IPO was oversubscribed 79.03X, receiving bids for 2,196.7 Cr shares against 27.8 Cr shares available for subscription.

With the listing, Meesho has become the first horizontal ecommerce player in India to go public.

Founded in 2015 by IIT-Delhi graduates Aatrey and Kumar, Meesho claims to have over 15 Lakh sellers on its platform from across India, with more than 140 Mn annual transacting users.

In 2021, the startup became India’s first social commerce unicorn in India after it raised $300 Mn in a funding round. Later, it pivoted to ecommerce.

The company operates on an asset-light and zero-commission model. CEO and cofounder Aatrey told Inc42 that the company will continue to focus on scaling advertising revenue and has no plans to start charging commissions to sellers.

On the financial front, Meesho reported a consolidated net loss of INR 701 Cr in H1 FY26, down 72.1% from INR 2,513 Cr in the year-ago period. Operating revenue rose 29% to INR 5,578 Cr during the period under review from INR 4,311 Cr in H1 FY25.

It posted a loss of INR 3,914.7 Cr in FY25, almost 12X higher than INR 327.6 Cr in the previous fiscal. Operating revenue increased 23% YoY to INR 9,389.9 Cr.