Meesho Limited Share Price Today: Post‑IPO Rally, Analyst Targets and Outlook (11 December 2025)

Published: 11 December 2025

Meesho Limited’s blockbuster debut on Dalal Street is spilling into its second trading day, keeping the newly listed e‑commerce stock firmly in the spotlight. After listing with a premium of about 46% on 10 December, the SoftBank‑backed company is still trading more than 50% above its IPO issue price of ₹111 per share as of the afternoon session on 11 December 2025. ^[1]

Meesho share price today (11 December 2025)

By early afternoon on Thursday, 11 December, Meesho Limited (NSE: MEESHO, BSE: 544632) was trading around ₹169–170 per share, slightly in the red versus Wednesday’s close of ₹170.20. Business Standard’s live quote page showed the stock at ₹169.20 at 2:48 pm IST, down 0.59% on the day, while Trendlyne data indicated a last traded price of ₹169.04 at 2:44 pm IST. ^[2]

Intraday, the stock has been volatile. Meesho climbed as high as ₹176.75 on Thursday, according to exchange data cited by Moneycontrol, extending its gains to roughly 59% above the IPO price and about 9% above its listing price before cooling off. ^[3]

Based on current prices, Meesho’s market capitalisation is in the ₹76,000–80,000 crore range, placing it among India’s more valuable listed internet and e‑commerce plays despite its very short trading history. Business Standard pegs the market cap around ₹76,000 crore, while Moneycontrol’s live coverage has referenced a figure near ₹79,770 crore. ^[4]

Key valuation snapshots from Business Standard today: ^[5]

TTM EPS: –₹8.73
P/E: Not meaningful (negative earnings; reported as –19.4x)
Book value per share: ₹11.74
Price‑to‑book: ~14.4x

In other words, Meesho has listed squarely in the “high‑growth, high‑valuation, loss‑making” bucket that has defined many of India’s recent tech IPOs.

Recap: Meesho’s IPO and listing day performance

Meesho’s IPO, which ran from 3–5 December 2025, was one of the most keenly watched issues of the year. The company raised about ₹5,421 crore, made up of a fresh issue of roughly ₹4,250 crore and an offer for sale of about ₹1,171 crore by existing shareholders. ^[6]

The price band was set at ₹105–111, with the final issue price fixed at ₹111 per share. ^[7]

Demand was extremely strong:

Overall subscription of around 80–82 times
QIBs (qualified institutional buyers) subscribed well over 120x
Non‑institutional investors: ~40x
Retail investors: ~19–20x
Around 62–63 lakh applications, making it one of the most sought‑after tech IPOs in recent memory ^[8]

On 10 December 2025, Meesho listed on both NSE and BSE with a spectacular debut:

NSE listing price: ~₹162.05–162.50, about 46% above the issue price
BSE listing price: ₹161.20, a 45% premium
Intra‑day high: around ₹177–177.55, taking total gains to roughly 55–60% vs the IPO price by the end of the first session ^[9]

By the close of listing day, Meesho ended near ₹170–172 per share and briefly crossed the ₹80,000 crore market‑cap mark, sharply outpacing the broader indices in an otherwise muted IPO season. ^[10]

Business model: zero‑commission, value e‑commerce for “Bharat”

Meesho positions itself as a multi‑sided, asset‑light e‑commerce platform connecting price‑sensitive consumers with small sellers, brands, logistics partners and content creators. The company built its franchise by focusing on low‑ticket, high‑frequency categories such as fashion, home, kids and beauty & personal care, often at ultra‑affordable price points. ^[11]

Some key operating metrics highlighted in recent coverage and offer documents:

Annual Transacting Users (ATUs): rose from 136 million in FY23 to roughly 234 million in FY25
Transacting sellers: around 700,000+ for FY25
A large majority of customers are from Tier‑2, Tier‑3 and smaller towns, with India News Network noting that about 17.4 crore of 19.9 crore FY25 buyers came from outside the top eight metros ^[12]

A core plank of Meesho’s strategy is its “zero‑commission” model for sellers, where the platform largely monetises via advertising, logistics and value‑added services instead of charging traditional marketplace commissions. Brokerages argue this design is tailored to India’s value‑conscious long‑tail merchants and helps Meesho maintain a structurally lower cost base than many rivals. ^[13]

Logistics engine: Valmo as a differentiator

Logistics is central to Meesho’s pitch. Its in‑house logistics arm Valmo has rapidly scaled, handling about 67% of all shipments by FY25, up from just 2% in FY23, according to Choice Institutional Equities’ coverage cited by India Today. ^[14]

The increased use of proprietary logistics, combined with a rising share of prepaid orders, has helped Meesho push contribution margins to around 5% in FY25, with broker forecasts pointing to further modest expansion over the coming years. ^[15]

Financial performance: high growth, heavy losses, improving cash flows

Across multiple analyst notes and media summaries, a consistent picture emerges: Meesho is growing fast, remains loss‑making, but is starting to show improved cash generation and operating leverage.

Revenue and profitability

Different sources present slightly different cuts of the numbers (depending on whether they use adjusted or reported figures), but the broad contours are similar: ^[16]

FY25 revenue is in the ₹9,400–9,900 crore range, representing mid‑20s percentage growth versus FY24.
Net losses remain large. Economic Times cites a FY25 net loss of around ₹3,942 crore, while India News Network references an adjusted loss closer to ₹2,595 crore, reflecting different treatment of specific expenses.
For the first half of FY26, losses have narrowed significantly to around ₹700 crore, suggesting improving unit economics as scale and logistics leverage build out. ^[17]

Crucially, India News Network notes that Meesho has delivered positive free cash flow for two consecutive years, with last‑twelve‑months FCF of about ₹581 crore as of H1 FY26, pointing to better working‑capital discipline even while reported profitability remains negative. ^[18]

Market share and operating metrics

Choice Institutional Equities, in comments reported by Business Today, estimates that Meesho commands 29–31% of India’s e‑commerce shipment volumes, with its normalized merchandise value (NMV) expected to grow at around 31% CAGR between FY25 and FY28. Customer order frequency has risen to roughly 9.7 orders per year (LTM FY26), while customer acquisition cost continues to trend lower. ^[19]

Taken together, these data points support the view that Meesho is already a scaled player in value commerce, not a niche challenger.

Rights issue and capital deployment: ₹2,890 crore into marketplace unit

Beyond the IPO proceeds, investors are also watching how Meesho reallocates fresh capital. On 10 December, the company disclosed a plan to invest up to ₹2,890 crore into its wholly owned subsidiary Meesho Technologies Private Limited (MTPL) via a rights issue. ^[20]

MTPL runs the core “Meesho” marketplace app, spanning categories such as fashion, electronics, home and kitchen, and office supplies. The rights issue does not change the parent’s percentage ownership, but it significantly strengthens the operating subsidiary’s balance sheet for: ^[21]

Technology and cloud infrastructure
AI/ML talent and recommendation systems
Logistics expansion (particularly via Valmo)
Marketing, customer acquisition and potential tuck‑in acquisitions

This additional capital deployment is one reason some brokerages see Meesho as well positioned to sustain high growth without immediate pressure to raise further equity at potentially volatile post‑listing prices.

What brokerages and analysts are saying about Meesho stock

Choice Institutional Equities: ‘Buy’ with ₹200 target

Multiple outlets including Business Standard, Business Today and India Today report that Choice Institutional Equities has initiated coverage on Meesho with a “Buy” rating and a target price of ₹200 per share. ^[22]

Key elements of Choice’s thesis:

Valuation: Meesho’s IPO was priced at around 5.3x FY25 EV/revenue, which Choice argues is attractive relative to past Indian digital listings that came at roughly 13x EV/revenue on similar metrics. ^[23]
Growth outlook: The brokerage projects around 31% revenue CAGR between FY25 and FY28, supported by Meesho’s category leadership in low‑ASP fashion, home, kids and BPC, along with higher monetisation from ads, fintech products and fulfilment fees. ^[24]
Profitability trajectory: Meesho is expected to reach EBITDA breakeven by FY27, with operating leverage improving thereafter as logistics and technology costs scale more efficiently than revenue. ^[25]
Margins: Contribution margin is forecast to rise from about 5.0% in FY25 to around 5.8% by FY28, driven by Valmo penetration and improved unit economics. ^[26]

Other analyst views: partial profit‑booking, watch valuations

Several other experts quoted across Economic Times, Business Today and India Today adopt a more balanced stance: ^[27]

Shivani Nyati (Swastika Investmart) sees Meesho’s strong listing as a reflection of deep investor appetite for India’s digital commerce story and highlights the company’s strengths in Tier‑2/3 penetration and women‑led entrepreneurship, but advises partial profit‑booking for IPO allottees, with a stop‑loss around ₹130 to manage volatility.
Dr. Ravi Singh (Master Capital Services) similarly suggests that allotted investors may book some gains while keeping a long‑term position, whereas those who missed the IPO might consider waiting for more attractive entry points if the stock cools off.
Prashanth Tapse (Mehta Equities) warns that a 50–60% listing‑day pop makes Meesho’s valuations “stretching higher” and more suitable for high‑risk investors willing to hold through 12–18 months of potential volatility.

Overall, the near‑term consensus is that Meesho is a structurally interesting long‑term story, but that much of the easy upside from IPO mispricing has already been captured in the first two sessions.

Key risks and challenges that investors are tracking

Analyst reports and news coverage repeatedly flag several risk factors:

Profitability vs growth trade‑off
Meesho remains firmly loss‑making on a net basis, even though cash flows and contribution margins are improving. Achieving the forecast EBITDA breakeven by FY27 will require disciplined spending even as competition forces aggressive pricing and promotional strategies. ^[28]
Intense competition in value e‑commerce
The company faces entrenched rivals including large horizontal platforms and specialised vertical players. India Today notes that the “value commerce battle” is intensifying as multiple companies chase the same mass‑market user base with discounts, quick delivery and expanding assortments. ^[29]
Regulatory and policy risk
Analysts point to uncertainties around deep discounting norms, small‑seller protection, and data and consumer‑protection regulations. Any adverse shift could impact Meesho’s ability to sustain its “everyday low price” positioning. ^[30]
Execution risk in logistics and AI
Valmo’s rapid scale‑up is a key margin driver, but it also increases operational complexity. At the same time, Meesho’s recommendation engine – which Choice says contributes to a large share of orders – must keep improving to avoid plateauing engagement and conversion. ^[31]
COD exposure and fraud/cancellation risk
A large share of Meesho’s orders are still cash‑on‑delivery, raising issues around return rates, fraud and operational friction, as highlighted in India News Network’s analysis. ^[32]

These risks don’t negate the growth story, but they help explain why many experts are urging investors to balance enthusiasm with caution at current levels.

Outlook for Meesho stock after the IPO pop

From a purely data‑driven perspective, Meesho enters public markets with a combination that is unusual even by tech‑IPO standards:

Massive user and seller scale in India’s underpenetrated value e‑commerce segment
Strong shipment share and rising order frequency
Rapidly scaling in‑house logistics via Valmo
Healthy top‑line growth and improving free cash flow
Material, though narrowing, net losses and premium valuations

Brokerages such as Choice Institutional Equities argue that, at around 5–6x FY25 revenue, Meesho is reasonably priced relative to prior Indian internet listings, especially given expectations of 30%+ medium‑term revenue growth and EBITDA breakeven around FY27. ^[33]

On the other hand, the 60%+ uplift from the IPO price in just two sessions leaves limited room for error. Any disappointment around growth, unit economics or regulatory developments could trigger sharp corrections, particularly given the heavy participation of short‑term IPO traders and momentum‑seeking funds. ^[34]

Over the next few quarters, markets are likely to focus on:

Sustained GMV and revenue growth without excessive promotional burn
Trajectory of contribution margins and logistics costs as Valmo’s share keeps rising
Visibility on EBITDA breakeven in line with FY27 guidance from bullish broker models
Incremental monetisation from ads, financial services and other adjacencies
Execution of the ₹2,890 crore capital infusion into MTPL and its impact on growth and profitability metrics ^[35]

Bottom line

As of 11 December 2025, Meesho Limited is trading around ₹169–170 per share, still up more than 50% over its IPO price after one of the strongest tech listings India has seen in recent years. The company offers a high‑conviction structural story in value e‑commerce, backed by powerful scale metrics and early signs of operating leverage – but also carries meaningful execution, competitive and valuation risks. ^[36]

For investors and traders following Meesho, the market’s message so far is clear: the story is compelling, the runway is long, and the volatility is likely to be significant. As with all individual stocks, any decision to buy, sell or hold should be based on personal risk tolerance, time horizon and independent research. This article is for information purposes only and should not be considered investment advice.