Daily News
Meesho IPO GMP Shows Strong 29.7% Premium Ahead of December Launch
Meesho IPO GMP currently shows strong investor interest with unlisted shares trading at Rs 144, reflecting a grey market premium of Rs 33 or 29.7% over the upper price band. The SoftBank-backed e-commerce platform will launch its initial public offering on December 3, 2025.
The company has set a price band between Rs 105 and Rs 111 per share. The three-day subscription period will conclude on December 5. Meanwhile, anchor investors can place their bids one day earlier, on December 2.
#Meesho CMD & CEO @viditaatrey talks about the success of content creator programme ahead of #IPO
“50,000 influencers are making consistent income on #Meesho,” he says. @PoddarNisha @Meesho_Official pic.twitter.com/uoPoTOVieq
— NDTV Profit (@NDTVProfitIndia) November 28, 2025
Issue Size and Structure: The total issue aims to raise Rs 5,421.20 crore. This includes a fresh issue of Rs 4,250 crore and an offer for sale of 105.5 million shares worth Rs 1,171.20 crore. Several major investors will sell their stakes under the OFS.
Existing shareholders participating in the offer for sale include Elevation Capital V, Peak XV Partners Investments V, and Y Combinator Continuity Holdings. Additionally, promoters Vidit Aatrey, Sanjeev Kumar, and Man Hay Tam are also offloading their stakes. Notably, SoftBank will not sell any shares in this IPO.
Key Dates and Timeline
| Event |
Date |
| Anchor Bidding | December 2, 2025 |
| IPO Opening | December 3, 2025 |
| IPO Closing | December 5, 2025 |
| Basis of Allotment | December 8, 2025 |
| Refund Initiation | December 9, 2025 |
| Credit to Demat | December 9, 2025 |
| Listing Date | December 10, 2025 |
Investment Requirements: A single lot consists of 135 shares. Consequently, retail investors need a minimum investment of Rs 14,985 at the upper price band. The company has reserved 10% for retail investors, 15% for non-institutional investors, and 75% for qualified institutional buyers.
The company plans strategic utilization of fresh issue proceeds:
- Rs 1,390 crore for cloud infrastructure investment in subsidiary MTPL
- Rs 480 crore for salaries of Machine Learning and AI technology teams
- Rs 1,020 crore for marketing and brand initiatives
- Remaining funds for acquisitions and general corporate purposes
Company Overview
Meesho operates as India’s largest e-commerce marketplace based on placed orders and annual transacting users. During the twelve months ending September 2025, the platform served 23.42 crore annual transacting users. Impressively, 20.58 crore users came from outside the top eight cities.
Furthermore, women comprise 53.27% of Meesho’s user base. The platform’s value-driven model emphasizes affordability and accessibility. This reflects in declining average order values alongside surging placed orders reaching 183 crore.
Financial Performance: The company’s financial journey shows interesting trends:
| Fiscal Year | Revenue (Rs Cr) | Revenue (Rs Cr) |
Margin (%) |
| FY 2023 | 5,734.52 | (1,671.90) | (29.16) |
| FY 2024 | 7,615.15 | (327.64) | (4.30) |
| FY 2025 | 9,389.90 | (3,941.71) | (41.98) |
Platform Ecosystem: Meesho connects multiple stakeholders through its technology platform. Currently, 7,06,471 active sellers operate on the marketplace. Moreover, 18,098 logistics partners support delivery operations. Additionally, 50,319 content creators generate Rs 1,208 crore in net merchandise value through content commerce.
The company employs 2,082 people and operates across two segments-Marketplace and New Initiatives. It monetizes through fulfillment services, advertising, and data insights while maintaining a zero-commission policy for sellers.
Technology Infrastructure: The platform leverages AI and ML-powered systems for various functions. These include hyper-personalized recommendations, automated cataloguing, and logistics optimization. This modular, technology-first infrastructure enables low-cost, large-scale e-commerce penetration across India.
Market Position: India’s IPO market continues to break records in 2025. Total fundraising has crossed Rs 1.6 lakh crore, surpassing 2024’s Rs 1.59 lakh crore. Nearly half of this mobilization has occurred since September. Globally, India ranks fourth in IPO volumes this year.
Meesho seeks a valuation of up to Rs 5,01,000 crore ($5.6 billion) through this offering. Moreover, the company competes with Amazon and Walmart-owned Flipkart in India’s e-commerce space. However, Meesho particularly targets value-conscious customers in smaller cities.
Investment Considerations: The company raised Rs 268.5 crore from anchor investors before the public offering. Prominent participants included SBI Mutual Fund, ICICI Prudential MF, HDFC MF, and Nippon India MF. Insurance companies like SBI Life Insurance and Tata AIA Life Insurance also invested.
It’s important to note that the grey market premium is neither regulated by stock exchanges nor recommended by SEBI. Investors should conduct thorough research or consult financial experts before making investment decisions.
In conclusion, Meesho IPO GMP signals strong market sentiment ahead of listing. However, the combination of robust user metrics, an expanding ecosystem, and strategic growth plans positions the company for future development. So, investors can track allotment status through the KFin Technologies website starting December 8.
Daily News
New Zealand vs West Indies Day 1: Record 323-Run Opening Stand Powers Hosts to Dominant Position
The New Zealand vs West Indies third Test began with a stunning display at Bay Oval on Thursday. Captain Tom Latham and Devon Conway produced a record-breaking 323-run opening partnership, setting a World Test Championship record and putting New Zealand in complete control.
After winning the toss, Latham chose to bat first on a green pitch that typically offers seam movement. Initially, the decision seemed risky as West Indies bowlers found some assistance. However, both openers showed great patience during the challenging first hour.
Day 1 Scorecard Summary
| Batsman | Runs | Balls | Status |
|---|---|---|---|
| Tom Latham | 137 | 246 | Out (caught) |
| Devon Conway | 178* | 279 | Not Out |
| Jacob Duffy | 9* | 16 | Not Out |
| Total | 334/1 | 90 overs | Stumps |
Record-Breaking Partnership
The opening duo combined brilliantly throughout the day. Moreover, they broke the WTC record previously held by Rohit Sharma and Mayank Agarwal, who scored 317 against South Africa in 2019. Additionally, their partnership became the second-highest opening stand in New Zealand’s Test history, just 64 runs short of Glenn Turner and Terry Jarvis’s 387 against West Indies in 1972.
Latham reached his 15th Test century and second of this series. Meanwhile, Conway played brilliantly to score his sixth Test hundred, finishing Day 1 unbeaten on 178.
Match Progression
New Zealand started cautiously, scoring only 11 runs from the first eight overs. Subsequently, both batters gained confidence as the West Indies struggled with consistency. The bowling attack failed to maintain pressure, particularly after lunch, when not a single maiden over occurred.
Following the rain delay of approximately 20 minutes, the partnership continued smoothly. Conway was especially impressed with delightful strokeplay through the off-side, hitting numerous boundaries through cover and point.
West Indies’ Struggles
The visitors showed glimpses of quality bowling but couldn’t create genuine chances. Furthermore, wicketkeeper Tevin Imlach dropped a crucial catch when Latham was on 104. This miss proved costly as the captain added 33 more runs.
Finally, Kemar Roach provided the breakthrough in the 87th over. He dismissed Latham for 137 after Roston Chase took a sharp diving catch at first slip. Nevertheless, the damage was already done.
Key Statistics
- Highest WTC opening partnership: 323 runs
- Conway’s strike rate: 63.8
- Latham’s strike rate: 55.7
- Total boundaries: 27 fours and 1 six
- Overs bowled: 90
Looking Ahead
West Indies captain Roston Chase needs his bowlers to strike early on Day 2. Otherwise, New Zealand could post a massive first-innings total exceeding 500 runs. Chase had targeted 300 runs for his team before the match, acknowledging their batting struggles throughout the series.
The New Zealand vs West Indies contest now heavily favors the hosts. With Conway still batting and tail-enders capable of contributing, tomorrow promises more runs unless West Indies produce something special with the ball.
Daily News
Trump Announces Warrior Dividend: $1,776 Bonus Checks for 1.45 Million US Troops
President Donald Trump announces warrior dividend payments of $1,776 to more than 1.45 million US military service members during a rare primetime address on Wednesday night. The president stated that checks are already in the mail and should arrive before Christmas.
Speaking from the White House Diplomatic Reception Room, Trump explained that the payment honors America’s founding year of 1776. Furthermore, he emphasized that tariffs and the recently passed “One Big Beautiful Bill” fund this initiative, which totals approximately $2.57 billion.
“Nobody deserves it more than our military,” Trump declared during his 18-minute televised speech.
Warrior Dividend Details
| Aspect | Information |
|---|---|
| Payment Amount | $1,776 per service member |
| Total Recipients | 1,450,000 troops |
| Total Cost | $2.57 billion |
| Eligible Ranks | Private to Colonel (and equivalents) |
| Funding Source | Tariffs + “One Big Beautiful Bill” |
| Delivery Timeline | Before Christmas 2025 |
Economic and Political Context
The announcement comes at a challenging time for Trump’s administration. Recent polls show his approval ratings sagging across multiple issues, particularly regarding the economy and inflation. According to a Marist poll released Wednesday, Trump’s overall approval rating stands at just 38%.
Moreover, CNBC’s All-America Economic Survey reveals that 66% of Americans disapprove of Trump’s handling of inflation. This represents an increase from 60% disapproval in April. Additionally, his economic approval rating has dropped to 36%.
However, Trump defended his economic record during the address. He claimed that prices are “coming down fast” and projected “the largest tax refund season of all time” in 2026. Nevertheless, economic data tells a different story. While fuel and egg prices have fallen, many other food items remain more expensive.
In September, US inflation hit 3% for the first time since January. Consequently, consumer confidence dropped to its lowest level since April due to concerns about living costs, jobs, and the broader economy.
Political Challenges Ahead
Senate Democrats held a press conference on Wednesday focusing on affordability issues. Senate Minority Leader Chuck Schumer emphasized that Democrats will repeatedly highlight rising costs leading up to the 2026 midterm elections.
“Costs are skyrocketing, and Democrats in 2026, you’ll be hearing from us about costs over and over again,” Schumer stated.
A Politico poll showed that about half of voters, including 4 in 10 Trump supporters, believe the cost of living is the worst they’ve experienced in their lives. Therefore, Republicans face significant challenges in maintaining their House and Senate majorities.
Foreign Policy and Military Actions
Trump also highlighted his foreign policy achievements during the address. He claimed to have ended eight wars since taking office, though this assertion faces scrutiny. Additionally, he discussed aggressive actions against Venezuela, including designating its government as a “terrorist” organization.
The administration has been conducting strikes on suspected drug-smuggling boats since September. These operations have killed 95 people so far, sparking debate about their legality.
Despite these controversies, Trump announces warrior dividend as a gesture of appreciation for military service members, aiming to boost morale and demonstrate support for troops during economically uncertain times.
Daily News
Alaves vs Sevilla Copa del Rey: Live Updates, Team News, and Match Preview
The Alaves vs Sevilla Copa del Rey Round of 32 match takes place tonight at Mendizorroza Stadium in Vitoria. This single-elimination fixture promises intense action as both teams battle for a spot in the Round of 16.
Alaves enters the match with decent recent form, having won two of their last five games. However, they suffered a narrow 1-2 defeat against Real Madrid in their previous outing. Despite the loss, the team showed great fighting spirit and displayed high-quality football throughout the match.
Meanwhile, Sevilla arrives with tremendous confidence after crushing Real Oviedo 4-0 in their last game. The team brings strong attacking momentum and looks determined to advance further in the competition.
Recent Form Comparison
| Team | Last 5 Results | Goals Scored | Goals Conceded |
|---|---|---|---|
| Alaves | W-W-L-L-L | 6 | 6 |
| Sevilla | W-D-W-L-L | 8 | 6 |
Head-to-Head Record
In their last five meetings, Alaves holds the advantage with three wins compared to Sevilla’s one victory. Additionally, one match ended in a draw. Both teams scored in all five previous encounters, suggesting tonight’s match could feature goals from both sides.
Team News and Injuries
Alaves will miss defender Facundo Garces, who continues serving a long-standing suspension. Otherwise, the team has a relatively healthy squad available for selection.
In contrast, Sevilla faces a lengthy injury list. Several key players remain sidelined, including:
- César Azpilicueta (muscular problem)
- Adnan Januzaj (left hamstring)
- Tanguy Nianzou (muscular issue)
- Orjan Nyland (injury)
- Gabriel Suazo (recently returned from soleus muscle injury)
- Rubén Vargas (unavailable)
- Marcao (foot complaint – fourth consecutive match missed)
- Kike Salas (groin injury)
Furthermore, forwards Chidera Ejuke and Akor Adams are absent as they represent Nigeria in the Africa Cup of Nations.
However, Sevilla receives positive news with the return of Peque after completing a one-match suspension. Moreover, Romero returns to the squad after serving a two-match ban following his red card in the derby against Betis.
Coach Matías Almeyda has called up eight players from Sevilla’s youth team, including goalkeeper Alberto Flores and striker Álex Costa. These young players featured in the recent 4-0 victory against Oviedo.
Match Preview
Alaves will rely on the speed of Carlos Vicente and the midfield balance of Antonio Blanco to make their home advantage count. The team aims to use the cold weather and passionate home support at Mendizorroza to their benefit.
On the other hand, Sevilla’s attacking prowess remains their biggest strength despite multiple absences. The team’s recent form shows they can score goals freely and maintain defensive solidity.
Both teams have scored in three of Sevilla’s last five matches. Therefore, fans can expect an entertaining contest with chances at both ends. The Alaves vs Sevilla clash promises excitement as these two competitive sides fight for Copa del Rey progression.
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