Meesho’s ₹5,421 crore IPO opens on December 3 with a 31% GMP, reflecting strong early interest in its zero-commission, value-commerce model. The platform has scaled rapidly with 214 million users by Q1 FY26 and 1.83 billion orders in FY25. Revenue rose to ₹9,390 crore , though profitability remains uneven. With India’s retail market growing fast, improving engagement and strong GMP make Meesho a compelling medium term opportunity despite competition and margin risks.