Meesho was incorporated on August 13, 2015. The company operates under the brand "Meesho", a multi-sided technology platform connecting consumers, sellers, logistics partners, and content creators. As India’s largest e-commerce marketplace by placed orders and annual transacting users (as of June 30, 2025, Redseer Report), it focuses on affordability and accessibility through a zero-commission, low-cost model and AI-driven personalised shopping experience
| Bidding Dates |
|---|
| 03 Dec 2025 - 05 Dec 2025 |
| Subscription |
|---|
| 79.03x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,175 | 1 | 13 | 135 | 488.4 M | ₹105 - ₹111 | 16.76 % | ₹51281.7 M - ₹54212.0 M | RHP DOC |
Meesho IPO SUBSCRIPTION STATUS
05 Dec '25Meesho IPO overall subscription rate was 79.03 times the total available shares
Meesho IPO retail subscription rate was 19.08 times in the retail segment
Meesho IPO non-institutional investor subscription rate was 38.16 times in the non-institutional investor category
Meesho IPO Qualified Institutional Bidder subscription rate was 120.18 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
05 Dec 2025 (Day 3) | 19.08x | 38.16x | 120.18x |
04 Dec 2025 (Day 2) | 9.14x | 9.18x | 6.96x |
03 Dec 2025 (Day 1) | 3.86x | 1.8x | 2.12x |
Meesho FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| H1FY26 | 5,577.5 | -700.7 | -850.6 | -864.5 | -2.7% |
| H1FY25 | 4,311.3 | -2,512.9 | 135.5 | 126.3 | 0.1% |
| FY25 | 9,389.9 | -3,941.7 | 539.4 | 516.5 | -0.4% |
| FY24 | 7,615.1 | -327.6 | 220.2 | 185.5 | -0.6% |
| FY23 | 5,734.5 | -1,671.9 | -2,308.2 | -2,344.7 | -8.3% |
Meesho IPO SUBSCRIPTION STATUS DETAILS
Meesho had 488.4 M shares on offer
Meesho IPO offer price was in the range ₹105 - ₹111
Meesho IPO minimum Investment was ₹14175
Meesho IPO issue size was ₹ 51281.7 M - ₹ 54212.0 M
Meesho had a minimum lot size of 135 Shares per application
Meesho NUMBER OF SHARES ON OFFER
Meesho IPO IMPORTANT DATES
| Issue Open Date | 03 Dec 2025 |
| Issue close Date | 05 Dec 2025 |
| Allotment Date | 08 Dec 2025 |
| Refund Date | 09 Dec 2025 |
| Demat Account Credit Date | 09 Dec 2025 |
| Listing Date | 10 Dec 2025 |
| Listing on Exchange(s) | NSE and BSE |
| Meesho Allotment Status | Exchange/ Registrar |
Meesho IPO subscription opened on 03 Dec 2025, and closed on 05 Dec 2025
IPO allotment for Meesho was finalized on Monday, 08 Dec 2025
IPO listing for Meesho was on NSE and BSE on Wednesday, 10 Dec 2025
Meesho IPO LISTING GAINS
| Issue Price (adjusted) | 111.0 |
| Listing Open Price | 162.5 |
| Listing Close Price | 170.1 |
| Listing Gain% | 46.4% |
| Current Gain% | 71.5% |
Meesho Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Meesho Ltd. | 190.4 | 85934.5 | -73.3 | 1 | 6.4 | -31 | -17.2 | 13099.1 | 32.3 | -1357.7 | 65.6 | -2.6 | -70.3 |
| Eternal Ltd. | 318 | 306881.1 | 708.7 | 15.8 | 4.6 | 1.2 | 0.9 | 55760 | 161.5 | 366 | -30.6 | 0.4 | 44.8 |
| FSN E-Commerce Ventures Ltd. | 325 | 93083.7 | 363.4 | 1.6 | 8.7 | 13.9 | 4.3 | 10055.1 | 26.1 | 199.4 | 201.8 | 0.9 | 221.1 |
| Info Edge (India) Ltd. | 1360 | 88185.2 | 55.1 | 1 | 26.1 | 3.8 | 3 | 4343.3 | 10.7 | 1449.8 | 50.7 | 24.7 | 56 |
| Swiggy Ltd. | 280.5 | 77426.8 | -20.7 | 16.9 | 3.1 | -22.7 | -16.4 | 23561 | 50.8 | -4154 | -33.3 | -13.6 | -1.2 |
| CarTrade Tech Ltd. | 2763.6 | 13406.8 | 57.9 | 1.2 | 16.6 | 9 | 7.4 | 869.8 | 22.3 | 223 | 65.6 | 47.7 | 49 |
Meesho INFORMATION ON IPO ISSUE
About Meesho
Meesho was incorporated on August 13, 2015. The company operates under the brand "Meesho", a multi-sided technology platform connecting consumers, sellers, logistics partners, and content creators. As India’s largest e-commerce marketplace by placed orders and annual transacting users (as of June 30, 2025, Redseer Report), it focuses on affordability and accessibility through a zero-commission, low-cost model and AI-driven personalised shopping experience
Object of the Issue
- Investment in cloud infrastructure in Meesho Technologies, the subsidiary
- Payment of salaries of their existing and replacement hires for the Machine Learning and AI and technology teams for AI and technology development undertaken by Meesho Technologies, their subsidiary
- Investment in Meesho Technologies, their subsidiary, for expenditure towards marketing and brand initiatives
- Funding inorganic growth through acquisitions and other strategic initiatives, and general corporate purposes
Meesho - PROMOTERS
| Name |
|---|
| Vidit Aatrey |
| Sanjeev Kumar |
Meesho - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Vidit Aatrey | Chairman, Managing Director & Chief Executive Officer |
| Sanjeev Kumar | Whole-time Director & Chief Technology Officer |
| Mohit Bhatnagar | Non-Executive Non-Independent Director |
| Mukul Arora | Non-Executive Non-Independent Director |
| Rohit Bhagat | Independent Director |
| Hari Shanker Bhartia | Independent Director |
| Surojit Chatterjee | Independent Director |
| Kimsuka Narasimhan | Independent Director |
Meesho Book Running Lead Manager
Kotak Mahindra Capital Company Limited
meesho.ipo@kotak.com
J.P. Morgan India Private Limited
meesho_ipo@jpmorgan.com
Morgan Stanley India Company Private Limited
meeshoipo@morganstanley.com
Axis Capital Limited
meesho.ipo@axiscap.in
Citigroup Global Markets India Private Limited
meesho.ipo@citi.com
Meesho Registrar to the Offer
KFin Technologies Limited
meesho.ipo@kfintech.com
Meesho Strengths
Technology first approach
The company uses advanced technology and GenAI tools across operations to enhance scalability, efficiency, and stakeholder experience. As of June 30, 2025, over 56% of its workforce was in technology roles, driving automation, faster development, and improved productivity
Asset-light business model
The company follows an asset-light model without owning inventory, manufacturing units, or logistics infrastructure, enabling capital-efficient growth. By leveraging sellers’ and logistics partners’ capacities, it achieves faster scalability and higher returns on capital
Innovation
The company drives innovation through its purpose-built technology stack and in-house experimentation platform, “Abacus”, which automates testing and analysis of new features. Between April and June 2025, it ran over 430 experiments monthly, enabling the launch of about 34 new features each month
Meesho Risks
Operational risks
Any disruption or downtime in the company’s technology infrastructure could impact platform performance and user experience, affecting business operations. Failure to upgrade or adapt its technology stack may also reduce competitiveness and adversely affect growth and financial performance
Competition
The company faces strong competition from both online and offline players, including large marketplaces, niche platforms, and emerging commerce models. Failure to effectively compete, attract, and retain consumers and sellers or adapt to new technologies could impact its market share, growth, and financial performance
Brand reputation
The “Meesho” and “Valmo” brands are vital to the company’s growth and success. Any damage to brand reputation or failure to maintain consistent quality, reliability, and trust could adversely impact its business, operations, and cash flows
IPO FAQs
This IPO consists of an offer for sale of up to Rs 1,171.2 crore, of 105,513,839 shares. It also consists of a fresh issue of Rs 4,250.0 crore.
The promoters of the company are Vidit Aatrey and Sanjeev Kumar.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.
The price band of the IPO is Rs 105.0 - 111.0.
The IPO application opens on Dec 03, 2025 and closes on Dec 05, 2025.
The minimum lot size for the IPO is 135. The maximum lot size for the IPO is 1755.
For all category investors, the minimum application amount for this IPO is Rs. 14,175.0, the maximum value for this IPO is Rs 194,805.0.
This IPO will be allotted on Dec 08, 2025.
The refund will be credited to your account on Dec 09, 2025.
The allotted shares will be credited to your demat on Dec 09, 2025.
Meesho Ltd.’s shares listed on the stock exchanges on Dec 10, 2025.