Meesho IPOÂ
Meesho IPO is a book-built issue consisting of a fresh issue of Rs. 4,250 crore and an Offer for Sale of 10.55 crore shares. The IPO opens on December 3, 2025 and closes on December 5, 2025. Tentative listing is scheduled for December 10, 2025 on BSE and NSE. The equity shares will be listed on BSE and NSE.
| Final Subscription Tally | |||||
| Size – Rs 5421.20 Cr | |||||
| (Closed on 5 December 2025) | |||||
| QIB | B HNI | S HNI | HNI | RII | Total |
| 123.34 | 43.64 | 32.28 | 39.85 | 19.89 | 81.76 |
| Subscription Review- 62,75,381 applications Net of Anchor Investors, 268618,197 shares were offered amounting to Rs. 2981.66 Cr. |
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đź•— Last Update: 11 December 2025, 6.00 AM
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Meesho IPO Details
| Particulars | Details |
|---|---|
| IPO Date | December 3, 2025 to December 5, 2025 |
| Listing Date | December 10, 2025 |
| Face Value | Rs. 1 per share |
| Issue Price Band | Rs.105 to Rs.111 per share |
| Lot Size | 135 Shares |
| Issue Structure | Fresh Issue + Offer for Sale |
| Fresh Issue | Aggregating up to Rs. 4,250.00 crore |
| Offer for Sale | 105,513,839 shares (aggregating up to Rs. 1171.20 crore) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Pre-Issue Share Capital | 1,94,74,98,633 shares |
Meesho IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | Not less than 75% of the Offer |
| Retail | Not more than 10% of the Offer |
| NII | Not more than 15% of the Offer |
Meesho IPO Timeline (Tentative Schedule)
| Event | Date |
| IPO Open Date | Wed, Dec 3, 2025 |
| IPO Close Date | Fri, Dec 5, 2025 |
| Tentative Allotment | Mon, Dec 8, 2025 |
| Initiation of Refunds | Tue, Dec 9, 2025 |
| Credit of Shares to Demat | Tue, Dec 9, 2025 |
| Tentative Listing Date | Wed, Dec 10, 2025 |
| Cut-off time | 5 PM on Fri, Dec 5, 2025 |
Meesho IPO Promoter Holding
Vidit Aatrey and Sanjeev Kumar are the promoters of the company.
| Particulars | Percentage |
|---|---|
| Promoter Holding (Pre-Issue) | 18.51% |
| Promoter Holding (Post-Issue) | [. ] |
About Meesho Ltd.
Incorporated in 2015, Meesho Limited is a multi-sided technology platform powering India’s fast-growing digital commerce ecosystem. The company connects consumers, sellers, logistics partners, and content creators, enabling large-scale, low-cost e-commerce access across India.
Meesho operates through two key business segments:
1) Marketplace:
A technology-led e-commerce marketplace offering logistics integration, seller tools, analytics, advertising services, and order fulfilment. This is the company’s primary revenue contributor.
2) New Initiatives:
These include logistics solutions for daily essentials and a digital financial services platform aimed at expanding user engagement.
The company continues to scale aggressively. For the twelve months ending June 30, 2025, Meesho had:
-
575,465 annual transacting sellers
-
213.17 million annual transacting users
Its logistics network, operated under Valmo, integrates first/last mile partners, sorting centres, and trucking operators to ensure pan-India fulfilment. As of June 30, 2025, Meesho has 2,009 full-time employees and over 2,000 contract staff.
The company focuses on cost optimisation and technology innovation while continuing to invest in strategic verticals to expand its digital ecosystem.
Company Financials (Restated Consolidated)
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 6,049.60 | 7,226.09 | 4,160.99 | 3,853.35 |
| Total Income | 2,629.96 | 9,900.90 | 7,859.24 | 5,897.69 |
| Profit After Tax | -289.36 | -3,941.71 | -327.64 | -1,671.90 |
| EBITDA | -167.45 | -219.59 | -230.15 | -1,693.73 |
| Net Worth | 1,322.11 | 1,561.88 | 2,301.64 | 2,548.31 |
| Reserves & Surplus | -21.88 | -16.50 | -2.01 | 5.87 |
| Total Borrowing | 0.00 | 0.00 | 0.00 | 0.00 |
Amount in Rs. crore
Key Performance Indicator (KPI)
| KPI | Value |
|---|---|
| RoNW | -252.37% |
Objects of the Issue
The company proposes to utilise net proceeds from the fresh issue as follows:
| S. No. | Purpose | Amount (Rs. crore) |
|---|---|---|
| 1 | Investment in cloud infrastructure in MTPL (subsidiary) | 1,390.00 |
| 2 | Salaries of hires for Machine Learning/AI & technology development in MTPL | 480.00 |
| 3 | Investment in MTPL towards marketing and brand initiatives | 1,020.00 |
| 4 | Funding inorganic growth through acquisitions & general corporate purposes | – |
Meesho plans to raise Rs. 5421.20 crore from the combined fresh issue and OFS.
Meesho Ltd. Contact Details
Meesho Ltd.
3rd Floor, Tower E, Helios Business Park,
Chandana, Kadabeesanahalli,
Bengaluru, Karnataka – 560103
Email: investorrelations@meesho.com
Website: https://www.meesho.com
Meesho IPO Lead Managers
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Kotak Mahindra Capital Co. Ltd.
-
JP Morgan India Pvt. Ltd.
-
Morgan Stanley India Co. Pvt. Ltd.
-
Axis Capital Ltd.
-
Citigroup Global Markets India Pvt. Ltd.
Meesho IPO Registrar
Kfin Technologies Ltd.
Phone: 04067162222 / 04079611000
Email: meesho.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Meesho IPO – Short ReviewÂ
Meesho is one of India’s fastest-scaling digital commerce platforms, benefiting from explosive growth in Tier-2/3 online consumption. The company’s revenue has expanded sharply—from Rs. 5,897 crore in FY23 to Rs. 9,900 crore in FY25—reflecting rising seller onboarding, user penetration, and strong traction in low-cost e-commerce. Meesho operates in a huge addressable market where value-driven e-commerce is expanding faster than premium retail, giving it significant long-term runway.
Competition remains intense with Amazon, Flipkart, Jiomart and emerging social commerce models, but Meesho has carved a unique positioning in zero-commission marketplace and low-price categories. Losses remain high, yet EBITDA has improved steadily, indicating operating leverage as scale rises. With proceeds earmarked for AI, cloud infra, marketing, and potential acquisitions, Meesho aims to deepen user engagement and strengthen logistics via Valmo. Overall, the IPO offers high-growth potential but also carries high-risk due to continued losses and competitive intensity.
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Disclaimer
This coverage is for informational and educational purposes. Chanakya Ni Pothi does not deal in Grey Market Premiums or recommend investments based on GMP data. Please consult your SEBI-registered investment advisor.
