Meesho, the Indian e-commerce platform, made a striking stock debut on the National Stock Exchange on Wednesday, with shares rising about 58 percent above their issue price.
The surge valued the company at 789.3 billion rupees, or roughly $8.78 billion, highlighting strong demand in India’s mass market fashion and lifestyle segment.
The stock listed at 162.5 rupees and touched 175 rupees against an issue price of 111 rupees, signaling high investor confidence in the company’s growth potential.
Meesho operates in a highly competitive online retail market, facing giants such as Amazon.com and Walmart owned Flipkart.
The firm has carved a niche by offering low cost products without charging sellers a commission, drawing millions of small vendors and consumers seeking affordable options.
Sunny Agrawal, head of fundamental equity research at SBICAPS Securities, said, “They currently do not charge any commission, and advertising revenue as a percentage of net merchandise value is 2.5 percent compared to five to ten percent globally.
This gives Meesho multiple avenues to expand earnings.” Backed by SoftBank and Peak XV Partners, Meesho received bids totaling about $28 billion for its $604 million IPO, reflecting strong interest from institutional investors.
Analysts said the Meesho stock debut demonstrates investor enthusiasm for fast growing e-commerce firms, although it may leave limited upside for new entrants.
Dhiraj Relli, managing director and chief executive officer of HDFC Securities, said, “This is a milestone moment for the homegrown e-commerce sector. It shows confidence in India’s digital consumer economy.”
Financial strategists highlighted Meesho’s commission free model and growing advertising revenues as key differentiators.
Anjali Mehra, a Mumbai based market strategist, said, “Meesho empowers small sellers while scaling consumer engagement, which is rare in India’s crowded e-commerce landscape.”
The Meesho stock debut follows strong listings by tech focused firms such as Groww and PhysicsWallah. According to LSEG data, more than 300 Indian IPOs have raised $19.26 billion through early December, with 2025 expected to surpass last year’s record of $20.5 billion.
Compared with peers, Meesho’s listing performance underlines investor optimism for consumer platforms with scalable business models.
Local sellers expressed cautious optimism about Meesho’s future. Ramesh Kumar, a small apparel vendor in Bangalore, said, “Meesho helps small businesses like mine reach more customers without paying high fees.
The stock debut news gives hope for further support and growth.” Consumers also noted the platform’s appeal. Priya Sharma, a Delhi resident who frequently shops online, said, “Affordable products and quick delivery make Meesho competitive.
Seeing it gain attention in the stock market reinforces confidence in the platform.” Industry observers said Meesho’s IPO success could encourage other homegrown e-commerce firms to pursue public listings, boosting investor interest in India’s digital retail economy.
Agrawal added, “The firm has room to expand revenue streams, including higher advertising uptake and additional services, which could further enhance valuation in the medium term.”
Market watchers will track how Meesho balances rapid growth and profitability in a sector dominated by global players.
The Meesho stock debut, valued at $8.8 billion, marks a milestone for India’s e-commerce sector. Strong investor demand and rising share prices underscore the growing appeal of fast growing consumer platforms.
While competition remains fierce, Meesho’s IPO demonstrates the potential of homegrown digital marketplaces in India’s expanding online retail landscape.
