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Meesho debuts on stock exchanges at 46% premium to issue price

EntrackrEntrackr · 1m ago
Meesho debuts on stock exchanges at 46% premium to issue price
Medial

E-commerce marketplace Meesho made a strong debut on the public markets on Wednesday, listing at a 46% premium over its issue price of Rs 111. The Bengaluru-based firm opened at Rs 162.5 per share on NSE, a 46% jump over its issue price of Rs 111. On the Bombay Stock Exchange, Meesho opened at Rs 161.2, marking a 45.2% premium to its issue price. Meesho’s Rs 5,421 crore IPO comprised a Rs 4,250 crore fresh issue and an OFS of Rs 1,171 crore, allowing early backers partial exits. Investors such as Elevation Capital, Peak XV Partners, Y Combinator, Venture Highway and others will partially exit through the offer for sale. The issue was pitched at a price band of Rs 105–111 and aimed at a valuation in the $5.6 billion range. Ahead of the public subscription, the Vidit Aatrey-led company mobilised Rs 2,440 crore from 125 anchor investors, who were allotted 21.98 crore shares at Rs 111 per share. The anchor book saw participation from global heavyweights such as BlackRock, Fidelity, and domestic mutual funds, giving the IPO a strong institutional signal before opening to retail investors. According to exchange data, Qualified Institutional Buyers (QIBs) were subscribed over 120 times, followed by Non-Institutional Investors (NIIs) at 38.14 times. The retail investor quota also saw strong traction, with subscriptions reaching 19 times. With fresh capital in the bank, Meesho is expected to double down on logistics optimisation, seller ecosystem expansion and sustainable margin improvement. During the last fiscal year, the company posted revenue of Rs 9,390 crore, while its losses before exceptional items and tax stood at Rs 108 crore in the same period. In the first half of the ongoing fiscal year (H1 FY26), it reported revenue of Rs 5,577 crore. Meesho’s debut is among the strongest tech listings in recent years, reaffirming investor appetite for scaled internet businesses with improving financial discipline.

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Meesho elevates Milan Partani as GM of Commerce Platform; Megha Agarwal exits

EntrackrEntrackr · 1m ago
Meesho elevates Milan Partani as GM of Commerce Platform; Megha Agarwal exits
Medial

Meesho elevates Milan Partani as GM of Commerce Platform; Megha Agarwal exits E-commerce marketplace Meesho has reported changes in its senior management, according to regulatory filings with stock exchanges. Milan Partani, previously General Manager User Growth and Content Commerce, has been appointed as General Manager Commerce Platform effective January 7, and will continue to be classified as a Senior Management Personnel. Separately, Megha Agarwal, General Manager Business and a Senior Management Personnel, has resigned from the company, effective the same date. The development comes weeks after Meesho’s stock market debut, where the company listed at a 46 percent premium to its issue price of Rs 111, opening at Rs 162.5 on the NSE and Rs 161.2 on the BSE. Meesho’s Rs 5,421 crore IPO included a Rs 4,250 crore fresh issue and a Rs 1,171 crore offer for sale. Ahead of the public issue, the company had raised Rs 2,440 crore from anchor investors. For the last fiscal year, Meesho reported revenue of Rs 9,390 crore and losses before exceptional items and tax of Rs 108 crore. In the first half of the ongoing fiscal year, its revenue stood at Rs 5,577 crore, according to its IPO filings. Meesho’s shares settled at Rs 173.13, giving the company a market capitalization of Rs 78,141.69 crore ($8.68 billion).

Meesho posts Rs 3,517 Cr revenue in Q3 FY26; losses surge 13X

EntrackrEntrackr · 7d ago
Meesho posts Rs 3,517 Cr revenue in Q3 FY26; losses surge 13X
Medial

E-commerce marketplace Meesho has announced its financial results for Q3 FY26 after debuting on Indian stock exchanges last month. The firm’s revenue increased by 31% during the third quarter, while its losses neared Rs 500 crore mark in the same period. The company’s revenue from operations increased to Rs 3,517.5 crore in Q3 FY26 from Rs 2,679 crore in the same quarter last year, according to its financial statement sourced from NSE. Other income contributed an additional Rs 78.5 crore, which drove its total income of Rs 3,596 crore for the quarter. However, for the nine-month period ending December 2025, the firm’s revenue increased 30% to Rs 9,095 crore from Rs 6,990 crore, a year earlier. Meesho did not include its proper expense breakup, however its employee benefit expense rose 20% to Rs 235 crore in Q3 FY26 from Rs 195 crore in Q3 FY25. Its depreciation stood at Rs 11 crore for the quarter. Overall, the company’s total expense rose 44% to Rs 4,071 crore in Q3 FY26 from Rs 2,823 crore in Q3 FY25. Due to the company’s expense outpacing revenue growth, its loss surged by more than 13X to Rs 490 crore in Q3 FY26 from Rs 37 crore in Q3 FY25. On a sequential basis, the company’s loss increased by 48% from Rs 330.5 crore loss in Q2 FY26. Meesho made its debut on the public market listing at a hefty premium and closing one of the largest tech IPOs of 2025. The Bengaluru-based firm opened at Rs 162.5 per share on NSE, a 46% jump over its issue price of Rs 111. At the end of today’s trading session, Meesho’s share price stood at Rs 173, giving the firm a total market capitalization of Rs 78,077 crore ($8.5 billion).

Meesho’s shares hit 20% upper circuit after UBS initiates ‘Buy’ call

EntrackrEntrackr · 1m ago
Meesho’s shares hit 20% upper circuit after UBS initiates ‘Buy’ call
Medial

Shares of social commerce firm Meesho hit the 20% upper circuit in early trade on Tuesday after global brokerage UBS initiated coverage on the stock with a Buy rating, triggering strong buying interest. The stock was locked at its upper circuit band during intraday trade, with limited sell-side participation, reflecting heightened investor optimism following the brokerage’s note. According to market data, Meesho’s shares surged to around Rs 216 on the NSE, marking one of its sharpest single-day gains since listing. In its initiation note, UBS highlighted Meesho’s differentiated business model and improving execution, particularly its focus on value-conscious consumers in Tier II and Tier III markets. The brokerage also pointed to the company’s zero-commission marketplace approach and a tightening cost structure as key positives supporting its investment thesis. Last week, Meesho made a strong debut in the public markets, listing at a hefty premium and closing one of the largest tech IPOs of 2025. The Bengaluru-based firm opened at Rs 162.5 per share on the NSE, a 46% jump over its issue price of Rs 111. During the last fiscal year, the company posted revenue of Rs 9,390 crore, while its losses before exceptional items and tax stood at Rs 108 crore. In the first half of the ongoing fiscal year (H1 FY26), it reported revenue of Rs 5,577 crore. Over the past few quarters, Meesho has focused on improving operational efficiency by rationalising marketing spends, optimising logistics costs, and strengthening its supplier ecosystem. The company has also doubled down on categories such as fashion and home essentials, which continue to see steady demand from price-sensitive users. As of writing this story, Meesho’s shares remained locked at the upper circuit, with investors closely watching whether the momentum extends into the next trading sessions.

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