Meesho IPO Listing: New E-commerce Stock Debuts At Strong Premium On BSE & NSE, Jumps By 60%; Rated BUY!

Meesho IPO Listing: The new IPO made a strong premium debut on December 10. Meesho listed more than 46% premium on NSE but debuted by over 45% premium on BSE. The e-commerce stock has skyrocketed by around 60% on the exchange, making it one of the best listing this year. Analysts have recommended BUY as Meesho is said to be well-positioned for monetising India's underpenetrated retail market.

Meesho IPO Share Price On BSE:

On BSE, Meesho debuted at 45.22% premium to Rs 161.20 apiece, compared to its IPO price of Rs 111 per share. The stock gained to hit its first 52-week high of Rs 177.55 apiece, which registered a whopping 59.95% growth on Day 1. The stock's 52-week low is at Rs 161.20 apiece, which is also better than IPO issue price.

At the time of writing, Meesho traded at Rs 170.05 apiece on BSE, rising by 5.5% from listing price. But the stock zoomed by a whopping 53.20% from IPO price. Its market cap stood at Rs 76,745.79 crore.

"The upbeat debut was supported by Meesho's deep penetration in Tier-II and Tier-III cities, its asset-light logistics ecosystem, and its strong traction among price-sensitive users-particularly women-led resellers and small entrepreneurs. The company has demonstrated rapid growth in order volumes, improving unit economics, and increasing repeat-user behavior across key categories such as fashion, beauty, home essentials, and lifestyle products," said Shivani Nyati, Head of Wealth at Swastika Investmart.

Meesho IPO Share Price On NSE:

On NSE, Meesho's listing price stood at Rs 162.50 apiece, a premium of 46.4% from IPO issue price of Rs 111 apiece. The stock jumped to hit a new 52-week high of Rs 177.49 apiece, which is a rally of 59.99% so far on debut day.

At the time of writing, the stock traded at Rs 170.10 apiece, up by 5% from listing price, and higher by 53.2% from IPO price.

This Meta-backed IPO opened from December 3rd to December 5th for subscription. The IPO size stood at Rs 5,421.20 crore at a price band of Rs 105 to Rs 111 per share. On the final day, the IPO recorded oversubscription of 79.03 times with strong buying across investors category.

Overall, the strong listing of Meesho highlights robust investor appetite for India's fast-growing digital commerce ecosystem and confidence in Meesho's unique "zero-commission" marketplace model.

What Should Investors Do?

As per Nyati, despite the successful debut, investors remain cautious about rising competitive pressures from large incumbents, regulatory clarity around deep discounting and small-seller protection, and the need for Meesho to sustain profitability amidst intense price wars.

"The IPO witnessed strong institutional participation, driven by expectations of continued e-commerce penetration, expansion of value-driven online shopping, and higher contribution from seller services and ad-based revenue," Nyati added.

Accordingly, Nyati added, "Investors/traders who received allotment may consider booking partial profits while holding the remaining position for medium to long-term gains, keeping a stop-loss around ₹130 to manage potential volatility."

Meesho Share Price Target Post Listing:

Analysts at Choice Broking said, "We initiate coverage on Meesho with a BUY rating and a TP of Rs 200 (81.7% upside), valuing the company at 4x FY28E EV/Revenue, with a three-stage DCF performed purely as a sanity check."

In analysts view, Meesho remains in the high-growth phase of the platform lifecycle and is expected to deliver 31% FY25-28E revenue CAGR, supported by deep value-commerce penetration and logistics efficiencies as Valmo scales. EBITDA is projected to turn positive by FY27E on operating leverage and improving unit economics. Despite this outlook, Meesho trades at 2.4x FY28E EV/Revenue versus the peer average of 5.4x, indicating substantial upside potential as fundamentals strengthen.

Meesho's improving unit economics and scale advantages underpin a strong monetisation runway and a clear path to profitability. The platform commands 29-31% of India's ecommerce shipment volumes, with NMV expected to grow at 31% CAGR over FY25-28E, supported by category leadership in Fashion, Home, Kids and BPC. Order frequency has risen from 7.5x (FY23) to 9.7x (LTM FY26), while Customer Acquisition Cost (CAC) continues to decline, driving contribution margin expansion from 2.9% (FY23) to 5.0% (FY25), with 5.8% expected by FY28E.

Disclaimer: The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.