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
Remembering Dr Rajendra Prasad: India’s First President
India remembered Dr Rajendra Prasad today on his 141st birth anniversary. The nation celebrated the life of its first President, who shaped India’s early democratic foundations. Moreover, political leaders and citizens across the country paid tribute to his remarkable contributions.
Prime Minister Narendra Modi highlighted Dr Prasad’s journey from freedom fighter to President. Furthermore, he praised the leader’s dignity and dedication throughout his public service. The Prime Minister noted how Dr Prasad served the nation with simplicity and courage.
Tributes to Dr. Rajendra Prasad Ji on his birth anniversary. From being an active participant in India’s freedom struggle, presiding over the Constituent Assembly to becoming our first President, he served our nation with unmatched dignity, dedication and clarity of purpose. His… pic.twitter.com/oeOdtiZOVP
— Narendra Modi (@narendramodi) December 3, 2025
Key Contributions at a Glance
| Role | Significance |
|---|---|
| Freedom Fighter | Active participant in India’s independence movement |
| Constituent Assembly President | Led the drafting of the Indian Constitution |
| First President | Served three terms (1950-1962) |
| Gandhi’s Associate | Worked in Champaran, Non-Cooperation movements |
Born in 1884 in Ziradei, Bihar, Dr Prasad dedicated his life to India’s progress. Additionally, he worked closely with Mahatma Gandhi during the crucial freedom movements. His involvement in the Salt Satyagraha demonstrated his commitment to independence.
Dr Prasad believed in pure methods for achieving goals. Consequently, his leadership style emphasized ethics over authority. He famously said that democracy needs knowledge, while ignorance threatens it. Similarly, he stressed that peace begins with individual responsibility.
The Bihar government announced restoration plans for heritage sites linked to him. Meanwhile, schools organized debates and exhibitions displaying his letters and photographs. These events help younger generations understand his values.
His presidency remains the longest in Indian history, spanning twelve years. During this period, he established standards for ethical governance. Notably, he brought moral clarity to the office at a critical time when India was building its identity.
Historian Dr Nirmala Sinha called his presidency “a benchmark of ethical governance.” She explained that his approach to leadership still inspires citizens today. Indeed, his life teaches important lessons about serving the nation selflessly.
His Timeless Wisdom
Dr Prasad’s quotes continue guiding India’s values:
- Peace must begin with ourselves
- Unity gives strength to the nation
- Citizens must act responsibly
- The Constitution represents life, not just law
- National progress requires continuous effort
Educational institutions held cultural programs honoring his memory. Therefore, students learned about his role in shaping modern India. These activities ensure his legacy reaches new generations.
Dr Rajendra Prasad showed that true leadership comes from humility and service. His vision for India emphasized unity, democracy, and moral values. Today, the nation remembers him as a leader whose contributions continue inspiring millions toward building a stronger, more unified India.
Daily News
Cricket Legend Robin Smith Passes Away at 62
The cricket world mourns the loss of former England batter Robin Smith, who died unexpectedly at his South Perth apartment on December 1, 2025. He was 62 years old. Furthermore, his family announced that the cause of death remains unknown pending investigation.
Smith built a remarkable international career between 1988 and 1996. During this period, he played 62 Tests and scored 4,236 runs at an impressive average of 43.67. Additionally, he earned nine Test centuries throughout his career.
Career Highlights
| Category | Achievement |
|---|---|
| Test Matches | 62 (1988-1996) |
| Test Runs | 4,236 at 43.67 average |
| Test Centuries | 9 (including 3 vs West Indies) |
| ODI Matches | 71 |
| ODI Runs | 2,419 |
| Highest Test Score | 175 vs West Indies |
| Notable ODI Innings | 167 not out vs Australia (1993) |
Born in Durban, South Africa, in 1963, Smith moved to England in 1983. Consequently, he joined Hampshire and became one of their greatest players. Moreover, he spent 17 seasons with the county, accumulating 18,984 first-class runs.
Smith earned recognition as one of England’s finest players against fast bowling. His debut came against the West Indies in 1988, facing legendary bowlers Malcolm Marshall, Curtly Ambrose, and Courtney Walsh. Despite this challenging start, he thrived against pace attacks.
His signature front-foot square cut became one of cricket’s most powerful strokes. Therefore, fans remember him for his fearless approach against hostile bowling. In particular, his performances during England’s 1990 Caribbean tour showcased his courage.
At Edgbaston in 1993, Smith produced an unforgettable innings. He scored 167 not out from 163 balls against Australia in an ODI. Remarkably, this remained England’s highest ODI score for 23 years until Alex Hales surpassed it in 2016.
However, spin bowling posed challenges throughout his career. Specifically, Australia’s Shane Warne troubled him during the 1993 Ashes series. Ironically, Smith and Warne later became close friends, and their relationship influenced Warne’s decision to join Hampshire.
His Legacy in Numbers
- 6,655 total international runs for England
- Part of England’s 1992 World Cup final team
- Hampshire chair called him “the most influential player in Hampshire cricket history”
- Played alongside brother Chris Smith, who also represented England
Smith retired from professional cricket in 2004. Subsequently, he openly discussed his battles with alcoholism and mental health in his 2019 autobiography “The Judge: More Than Just A Game.” Nevertheless, he remained connected to cricket and attended the first Ashes Test in Perth just weeks before his passing.
ECB Chair Richard Thompson praised Smith’s resilience. He noted how Smith faced the world’s quickest bowlers with a defiant smile. Furthermore, Thompson emphasized that Smith entertained fans while making England supporters proud.
Smith leaves behind two children, Harrison and Margaux, and his brother Christopher. His family requested privacy during this difficult time. The cricket community remembers Robin Smith as a brave, charismatic player whose fearless batting style inspired generations of cricketers worldwide.
Daily News
Dortmund vs Leverkusen: Bundesliga Chasers Face Off Twice in Week
The highly anticipated Dortmund vs Leverkusen clash brings two German football giants together twice within days. First, they meet in a Bundesliga encounter, and then they face each other again in the DFB-Pokal round of 16. Moreover, both matches promise intense competition as the teams chase top positions.
Borussia Dortmund currently sits in third place, while Leverkusen is in fourth. Therefore, this chasers’ duel carries significant importance for both clubs. Additionally, Dortmund seeks its first win of the season against a top opponent after drawing with Leipzig and Stuttgart.
Key Match Information
| Detail | Information |
|---|---|
| Competition | Bundesliga & DFB-Pokal |
| Teams | Borussia Dortmund vs Bayer Leverkusen |
| Venue | BayArena (Bundesliga), Signal Iduna Park (Cup) |
| Importance | Third vs Fourth place clash |
| Recent Form | Both teams showing strong performances |
Head coach Niko Kovač faces important lineup decisions. Consequently, he must balance player rotation while maintaining competitive strength. Furthermore, the team recently delivered a convincing 4-0 victory over Villarreal, which boosts their confidence.
Captain Emre Can expects to return to the starting XI after resting. Meanwhile, Julian Ryerson likely replaces Yan Couto on the right side. In addition, the competition remains fierce in attacking positions behind striker Serhou Guirassy.
Squad Updates
- Niklas Süle continues recovering from a toe injury.
- Maximilian Beier underwent a fitness test after experiencing muscle tightness.
- Aaron Anselmino may return to the bench.
- Ramy Bensebaini is available after back problems.
- Felix Nmecha appears secure in central midfield.
Interestingly, this marks the first-ever DFB-Pokal meeting between these Bundesliga heavyweights. Despite playing 210 and 167 cup matches respectively, they had never faced each other in this competition before. Nevertheless, both teams bring impressive cup credentials to the encounter.
Dortmund boasts a strong home record in the DFB-Pokal. Specifically, they lost only one of their last 13 home cup matches. Similarly, coach Niko Kovač has won the DFB-Pokal three times in his career.
However, the statistics reveal contrasting approaches. Dortmund scored just two goals in the cup so far, making them the lowest-scoring round-of-16 team. Conversely, Leverkusen netted eight goals, the highest among remaining teams.
Leverkusen gained momentum from their recent 2-0 victory over Manchester City. Despite losing seven players from last season and experiencing coaching changes, they found their rhythm. Therefore, Kovač acknowledges the challenge ahead.
“Leverkusen have found their rhythm. Their recent games have been very successful,” Kovač stated. “We need to have a great day again.”
The recent Bundesliga clash ended 2-1 in Dortmund’s favor in Leverkusen. Additionally, Dortmund suffered their first home defeat in nine months earlier this season. Subsequently, they seek revenge and momentum from these crucial encounters.
Both teams arrive with minimal injury concerns, which ensures competitive matches. The Dortmund vs Leverkusen double-header will significantly impact Bundesliga standings and cup progression, making this week crucial for both clubs’ seasonal ambitions.
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