Meesho IPO Details
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Meesho IPO opens for subscription on 03 Dec 2025 and closes on 05 Dec 2025. The IPO will be listed on NSE, BSE with the tentative listing date set for 10 Dec 2025.
Meesho IPO price band has been fixed at ₹105 – ₹111 per share.The face value is ₹1 per share with a lot size of 135.
Meesho IPO total issue size comprises 48,83,96,721 shares (aggregating up to ₹5421.20 Cr.). This includes a fresh issue of 38,28,82,882 shares (aggregating up to ₹4250.00 Cr.). Offer for Sale consists of 10,55,13,839 shares (aggregating up to ₹1171.20 Cr.). Pre-issue shareholding stands at 4,13,02,48,118, which will increase to 4,51,31,31,000 post-issue.
Meesho IPO carries a ₹42 (37.84%) GMP, reflecting investor sentiment.
Meesho IPO Lot Size : Retail Minimum is 1 lot (135 shares) amounting to ₹14,985. Retail Maximum is 13 lots (1,755 shares) amounting to ₹194,805. SHNI Minimum is 14 lots (1,890 shares) amounting to ₹209,790. SHNI Maximum is 66 lots (8,910 shares) amounting to ₹989,010. BHNI Minimum is 67 lots (9,045 shares) amounting to ₹1,003,995.
The Lead Managers for Meesho IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Kotak Mahindra Capital Company Ltd, JP Morgan India Pvt Ltd, Morgan Stanley India Company Pvt Ltd, Axis Capital Ltd, Citigroup Global Markets India Pvt Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For detailed information, Refer to the Meesho Limited RHP.
Meesho IPO Details
Meesho IPO Subscription
Meesho IPO Application Wise Breakup (Approx)
Meesho IPO Dates
- 03 Dec 2025Opening dateOpen
- 05 Dec 2025Closing dateClose
- 08 Dec 2025Allotment Date Allotment
- 09 Dec 2025Initiation of RefundsRefund
- 09 Dec 2025Credit of SharesCredit
- 10 Dec 2025Listing dateListing
Meesho IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 135 | ₹14,985 |
| Retail Maximum | 13 | 1755 | ₹194,805 |
| SHNI Minimum | 14 | 1890 | ₹209,790 |
| SHNI Maximum | 66 | 8910 | ₹989,010 |
| BHNI Minimum | 67 | 9045 | ₹1,003,995 |
Meesho IPO Reservation
Promoter Holding
Documents
Meesho IPO Valuations
Meesho Financial Information
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 6,640.39 | 7,226.09 | 4,160.99 | 3,853.35 |
| Total Income | 5,857.69 | 9,900.90 | 7,859.24 | 5,897.69 |
| Profit After Tax | -700.72 | -3,941.71 | -327.64 | -1,671.90 |
| EBITDA | -551.87 | -219.59 | -230.15 | -1,693.73 |
| NET Worth | 968.87 | 1,561.88 | 2,301.64 | 2,548.31 |
| Total Borrowing | 0.00 | 0.00 | 0.00 | 0.00 |
| Amount in ₹ Crore | ||||
About Meesho IPO
Founded in 2015, Meesho Limited operates as a multi-sided technology platform that facilitates e-commerce in India by bringing together four major participants—consumers, sellers, logistics providers, and content creators. The company runs its online marketplace under the Meesho brand, giving consumers access to a wide selection of value-priced products while providing sellers with an affordable digital platform to scale their businesses.
Meesho operates through two business segments:
- Marketplace – This is the company’s core technology platform that enables interactions among consumers, sellers, logistics partners, and content creators. Revenue in this segment mainly comes from services offered to sellers, including order fulfilment, advertising solutions, and analytical insights.
- New Initiatives – This division covers emerging business lines, such as a cost-efficient local logistics network for everyday essentials and a digital financial services platform designed to widen Meesho’s service offerings.
The company has recorded strong operational expansion, marked by consistent growth in the number of orders placed as well as a widening pool of active users and sellers. For the twelve-month period ending June 30, 2025, Meesho reported 575,465 annual transacting sellers and 213.17 million annual transacting users.
Its logistics arm, Valmo, coordinates a network of third-party logistics partners, including first-mile and last-mile delivery providers, sorting centres, and trucking operators, enabling reliable and efficient order fulfilment throughout India. As of June 30, 2025, Meesho had 2,009 full-time employees, supported by over 2,000 contractual personnel.
Through a strong emphasis on cost optimisation and technology-driven efficiencies, the company has been able to sustain positive cash flows while continuing to invest in new business lines aimed at expanding and strengthening its broader digital ecosystem.
Strength Of Meesho IPO
- Our platform is built on multiple scaled self-reinforcing flywheels.
- Our technology-first mindset with focus on AI driven solutions.
- Delivering `everyday low prices' to consumers structurally.
- Trusted layer among our stakeholders.
- Ability to scale in a capital efficient manner.
- Organisation built on culture of agility and innovation, with experienced management team.
Risk Of Meesho IPO
- We have incurred losses since our inception in 2015. While we were cash flow positive in the six months period ended September 30, 2024, and Fiscals 2025 and 2024, we had Restated loss before exceptional items and tax of Rs.4,332.14 million and Rs.240.38 million in the six months period ended September 30, 2025 and September 30, 2024, and Rs.1,084.29 million, Rs.3,145.33 million and Rs.16,719.02 million in Fiscals 2025, 2024 and 2023, respectively. We had negative cash flows from operating activities for the six months period ended September 30, 2025 and Fiscal 2023. If we are unable to generate adequate revenue and manage our cash flows and expenses, we may continue to incur losses.
- If we fail to attract and retain consumers on our platform our business, financial condition, cash flows and results of operations may be adversely impacted.
- If we fail to attract and retain sellers on our platform, our business, financial condition, cash flows and results of operations may be adversely affected.
- Products sold on Meesho are delivered to consumers through third party logistics partners either through (i) Valmo, our technology platform or (ii) end-to-end logistics partners. Further, we engaged with five end-to-end logistics partners during the six months period ended September 30, 2025. Service interruptions, failures, constraints or inadequate service quality of these logistics' partners could harm our business, financial condition and prospects.
- Any disruption to our technology infrastructure or system availability could impair our ability to ensure consistent platform performance and deliver uninterrupted services. Further, if we do not continue to develop our technology stack or introduce new tech enabled tools, or we are not able to keep pace with technological developments, we may not remain competitive and our business, financial condition, cash flows and results of operations could be adversely affected.
- A large portion of orders on Meesho are paid using cash on delivery ("CoD"). In the six months period ended September 30, 2025 and September 30, 2024, and Fiscals 2025, 2024 and 2023, 72.00%, 78.51%, 76.95%, 85.39% and 88.71%, respectively, of Shipped Orders were on CoD basis. CoD reduces the rate of successful deliveries and increases operational inefficiencies and risks related to cash handling.
- We face intense competition and if we fail to compete effectively, we may lose our market share and our business, financial condition, cash flows and results of operations may be adversely impacted.
- The "Meesho" and "Valmo" brands are critical for our growth and success. Any negative publicity or harm to our brand or reputation could materially and adversely affect our business, results of operations, prospects and cash flows.
- Our failure to provide adequate support services to our stakeholders could adversely impact our operations.
- We have contingent liabilities as per Ind AS 37 - Provisions, Contingent Liabilities and Contingent Assets, and our financial condition and cash flows could be adversely affected if any of these contingent liabilities materialise.
Objectives Meesho IPO
1. Investment for cloud infrastructure, in MTPL, our Subsidiary
2. Payment of salaries of the existing and replacement hires for the Machine Learning and AI and technology teams for AI and technology development undertaken by MTPL, the Subsidiary
3. Investment in MTPL, our Subsidiary, for expenditure towards marketing and brand initiatives
4. Funding inorganic growth through acquisitions and other strategic initiatives and general corporate purposes#
Company 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/
Registrar Contact Details
Lead Mangers
Lead Manager Reports