Meesho IPO
Open MainLineCurrent GMP
₹36 (+32.43%)
Price Band
₹ 105 – 111
Lot Size
135
Issue Size
₹5421.2 Cr
Minimum Investment
₹14985 (135 Shares)
Listing Date
10 December 2025
Subscription
79.03x
About the Company
Meesho Limited
Incorporated in 2015
Meesho Limited is a leading multi-sided technology platform that drives e-commerce growth in India by seamlessly connecting four key stakeholders — consumers, sellers, logistics partners, and content creators. Operating under its flagship brand “Meesho”, the company provides consumers with access to a wide range of affordable products while empowering sellers through a low-cost, technology-driven platform to expand their businesses efficiently.
Business Segments
Meesho operates through two primary business segments:
- Marketplace
The core of Meesho’s operations, the Marketplace segment facilitates digital commerce by connecting consumers with sellers, logistics partners, and content creators. Revenue from this segment primarily comprises income from services offered to sellers — including order fulfilment, advertising, and data-driven business insights. - New Initiatives
This segment focuses on expanding Meesho’s digital ecosystem through strategic diversification. It includes:- A low-cost local logistics network designed for the distribution of daily essentials.
- A digital financial services platform aimed at improving financial accessibility for consumers and sellers.
Operational Performance
The company has exhibited strong operational growth, marked by a consistent increase in order volumes and a rapidly expanding base of active users and sellers.
For the twelve months ended June 30, 2025:
- Annual Transacting Sellers: 575,465
- Annual Transacting Users: 213.17 million
Logistics Network – Valmo
Meesho’s logistics operations are managed under its network brand Valmo, which integrates multiple third-party logistics providers — including first-mile and last-mile delivery partners, sorting centres, and truck operators. This integrated ecosystem ensures efficient, reliable, and cost-effective order fulfilment across India.
As of June 30, 2025, Meesho employed:
- 2,009 full-time employees, and
- Over 2,000 contractual staff supporting logistics and operational functions.
Strategic Focus
Meesho’s commitment to cost efficiency, technological innovation, and financial prudence has enabled it to maintain a positive cash flow position while continuing to invest strategically in new business verticals. Through these efforts, the company is steadily expanding its digital ecosystem and reinforcing its position as one of India’s most inclusive and scalable e-commerce platforms.
Promoters
- Vidit Aatrey
- Sanjeev Kumar
Promoters Holding
Holding Pre Issue
18.51%
Holding Post Issue
0.00%
Objects of the Issue
The Company Meesho IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Investment for cloud infrastructure, in Meesho Technologies Private Limited (“MTPL”), our Subsidiary
- Payment of salaries of our existing and replacement hires for the Machine Learning and AI and technology teams for AI and technology development undertaken by MTPL, our Subsidiary
- Investment in MTPL, our Subsidiary, for expenditure towards marketing and brand initiatives
- Funding inorganic growth through acquisitions and other strategic initiatives and general corporate purposes
Address / Contact Info
Meesho Limited
3rd Floor, Tower E, Helios Business Park,
Chandana, Kadabeesanahalli
Bengaluru, Karnataka, 560103
Email: investorrelations@meesho.com
Website: https://www.meesho.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Wednesday, 03 December 2025
IPO Close Date
Friday, 05 December 2025
Basis of Allotment
Monday, 08 December 2025
Initiation of Refunds
Tuesday, 09 December 2025
Credit of Shares to Demat
Tuesday, 09 December 2025
Listing Date
Wednesday, 10 December 2025 — NSE & BSE
Important Dates
Open Date
03 December 2025
Close Date
05 December 2025
Basis Of Allotment
08 December 2025
Listing Date
10 December 2025
Financial Performance (₹ in Crores)
| Particular | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 6640.39 | 7226.09 | 4160.99 | 3853.35 |
| Revenue | 5857.69 | 9900.9 | 7859.24 | 5897.69 |
| Profit After Tax | -700.72 | -3941.71 | -327.64 | -1671.9 |
| Net Worth | 968.87 | 1561.88 | 2301.64 | 2548.31 |
| Reserve & Surplus | 0 | 0 | 0 | 0 |
| Total Borrowings | 0 | 0 | 0 | 0 |
EPS Pre
-9.54%
EPS Post
-3.11%
P/E Pre
-11.63
P/E (Post Issue)
-35.75x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|
| ROE % | 0 | 0 | 0 |
| ROCE % | 0 | 0 | 0 |
| Debt / Equity | 0 | 0 | 0 |
| RoNW % | -252.37 | -14.24 | -65.61 |
| PbW | 0 | 0 | 0 |
| Pat Margin % | 0 | 0 | 0 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 150369511 | 54.1 | 0 |
| Non-Institutional | 76541361 | 27.54 | 0 |
| BNII | 51027574 | 18.36 | 0 |
| SNII | 25513787 | 9.18 | 0 |
| Retail Investors | 51027574 | 18.36 | 0 |
| Total | 277938446 | 100 | 0 |
Subscription Status ( Fri, 05 Dec 25 01:46 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 150369511 | 18071742600 | 120.18x |
| Non-Institutional | 76541361 | 2921108400 | 38.16x |
| BNII | 51027574 | 2131414155 | 41.77x |
| SNII | 25513787 | 789694245 | 30.95x |
| Retail Investors | 51027574 | 973849770 | 19.08x |
| Total | 277938446 | 21966700770 | 79.03x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Meesho Limited | 1 | 0.00 | -9.98 | -9.98 | -252.37 | 3.68 |
| Eternal Limited | 1 | 529.14 | 0.60 | 0.58 | 2.16 | 31.42 |
| Swiggy Limited | 1 | 0.00 | -13.72 | -13.72 | -30.50 | 40.98 |
| Brainbees Solutions Ltd | 2 | 0.00 | -4.11 | -4.11 | -26.63 | 91.00 |
| FSN E-Commerce Ventures Ltd | 1 | 1168.43 | 0.23 | 0.23 | 5.21 | 4.55 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 135 | 14,985.00 |
| Retail (Max) | 13 | 1,755 | 194,805.00 |
| S-HNI (Min) | 14 | 1,890 | 209,790.00 |
| S-HNI (Max) | 66 | 8,910 | 989,010.00 |
| B-HNI (Min) | 67 | 9,045 | 1,003,995.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
- Axis Capital Limited
- Morgan Stanley India Company Private Limited
- J.P. Morgan India Private Limited
- Kotak Mahindra Capital Company Limited
- Citigroup Global Markets India Private Limited
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Meesho IPO is a Book-building IPO worth ₹5421.2 crores. The price band is ₹105 to 111 per share. The IPO opens on Wed, Dec 3, 2025 and closes on Fri, Dec 5, 2025. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The Meesho IPO opens on Wed, Dec 3, 2025 and closes on Fri, Dec 5, 2025
Meesho IPO Price Band is ₹105 to 111.
Meesho IPO lot size is 135, and the minimum amount required for application is ₹14985.
The minimum investment for Meesho IPO is approximately ₹14985 based on the upper price band.
To apply for the Meesho IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Dec 5, 2025. After submission, funds are blocked until the basis of allotment of Meesho IPO is finalised.
Meesho IPO issue size is ₹5421.2 crores.
Meesho IPO allotment date is Sat, Jun 27, 2026.
The registrar for Meesho IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to Meesho IPO through their official website or helpline.
The Meesho IPO GMP (Grey Market Premium) is ₹36 as of Tue, Dec 9, 2025. Based on the upper price band of ₹111 per share, the estimated Meesho IPO listing price is ₹147, indicating a potential listing gain of approximately 31% over the issue price.