Meesho IPO
GMP, Subscription, Price, Dates & Financial Details
Logistics
Meesho Limited Incorporated in 2015Meesho 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…
Open Date
Wed, 03 Dec 2025
Close Date
Fri, 05 Dec 2025
Price Band
₹ 105 – 111
Lot Size
135
Issue Size
₹ 5,421.20 Cr
Minimum Investment
₹ 14,985 (135 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Meesho IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹5,421.20 Crore, comprising a fresh issue of 38.29 Crore equity shares aggregating to ₹4,250.00 Crore and an offer for sale (OFS) of 10.55 Crore equity shares aggregating to ₹1,171.20 Crore by the existing shareholders.
The Meesho IPO remained open for subscription from December 03, 2025, to December 05, 2025. The basis of allotment was finalized on December 08, 2025, and the company's shares were listed on the NSE and BSE on December 10, 2025.
The company had fixed the price band at ₹105 to ₹111 per share, with a lot size of 135 shares. Retail investors were required to make a minimum investment of ₹14,985 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. Axis Capital Limited, Morgan Stanley India Company Private Limited, J.P. Morgan India Private Limited, Kotak Mahindra Capital Company Limited, and Citigroup Global Markets India Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Meesho Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Meesho IPO Timeline (Tentative)
- IPO Open Date
- Wed, 03 Dec 25
- IPO Close Date
- Fri, 05 Dec 25
- Basis of Allotment
- Mon, 08 Dec 25
- Initiation of Refunds
- Tue, 09 Dec 25
- Credit of Shares to Demat
- Tue, 09 Dec 25
- Listing Date
- Wed, 10 Dec 25 — NSE & BSE
Open Date
03 December 2025
Close Date
05 December 2025
Basis Of Allotment
08 December 2025
Listing Date
10 December 2025
IPO Subscription
Check Live Subscription →The Meesho IPO has received bids for 21,96,67,00,770 shares against 27,79,38,446 shares offered, resulting in an overall subscription of 79.03x. the NII category is subscribed 38.16x, Retail Investors 19.08x, and QIBs 120.18x. Within the NII category, BNII is subscribed 41.77x, while SNII is subscribed 30.95x.
QIB
120.18x
NII
38.16x
BNII
41.77x
SNII
30.95x
RII
19.08x
Total
79.03x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 5,10,27,574 shares, representing 18.36% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 15,03,69,511 shares (54.1%), while Non-Institutional Investors (NIIs) receive 7,65,41,361 shares (27.54%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 150,369,511 | 54.1% |
| Non-Institutional | 76,541,361 | 27.54% |
| BNII | 51,027,574 | 18.36% |
| SNII | 25,513,787 | 9.18% |
| Retail Investors | 51,027,574 | 18.36% |
| Total | 277,938,446 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Meesho Limited KPI Information
| Particular | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|
| RoNW % | -252.37 | -14.24 | -65.61 |
Peers Comparison
| 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 |
About Meesho Limited
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.
Meesho IPO Promoters
- Vidit Aatrey
- Sanjeev Kumar
Promoters Holding
Holding Pre Issue
18.51%
Holding Post Issue
0.00%
Meesho IPO Objective
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
Meesho Limited Address / Contact Details
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
Meesho IPO Lot Size
The Meesho IPO has a lot size of 135 shares. Retail investors require a minimum investment of ₹14,985 by applying for 1 lot (135 shares). The maximum application allowed for the retail category is 13 lots (1,755 shares), requiring an investment of ₹1,94,805.
| 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 |
Issue Reservation
- QIB — 54.1%
- NII — 27.54%
- RII — 18.36%
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
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Meesho IPO?
Meesho IPO is a Book-building IPO with a total issue size of ₹5421.2 crore. The Meesho IPO price band is ₹105 to 111 per share. The Meesho IPO subscription opens on Wed, Dec 3, 2025, and closes on Fri, Dec 5, 2025. The Meesho IPO will be listed on the BSE,NSE. KFin Technologies Limited is the registrar for the Meesho IPO.
When will the Meesho IPO open for subscription?
The Meesho IPO opens on Wed, Dec 3, 2025 and closes on Fri, Dec 5, 2025
What is Meesho IPO Price Band?
Meesho IPO Price Band is ₹105 to 111 per share.
What is Meesho IPO Lot Size?
Meesho IPO lot size is 135 shares, Retail investors need a minimum investment of ₹14985 based on the upper price band
What is the minimum investment for Meesho IPO?
The minimum investment for Meesho IPO is ₹14985, based on one lot of 135 shares at the upper price band of ₹111 per share.
How to apply for Meesho IPO?
Investors can apply for the Meesho IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Dec 5, 2025. The application amount remains blocked until the Meesho IPO allotment is finalized.
What is Meesho IPO Issue Size?
Meesho IPO issue size is ₹5421.2 crores.
What is the Meesho IPO Allotment Date?
Meesho IPO allotment date is Mon, Dec 8, 2025.
Who is the Meesho IPO Registrar?
The registrar for Meesho IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check Meesho IPO allotment status, refund processing, and other IPO-related information.
What is the Meesho IPO GMP?
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 32.43% over the issue price.
Who is the Meesho IPO Lead Manager?
The book-running lead managers (BRLMs) for the Meesho IPO are Axis Capital Limited, Morgan Stanley India Company Private Limited, J.P. Morgan India Private Limited, Kotak Mahindra Capital Company Limited, and Citigroup Global Markets India Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Meesho IPO Red Herring Prospectus (RHP).