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Meesho IPO is a bookbuilt issue of ₹5,421.20 crore. It combines a fresh issue of 38.29 crore shares aggregating to ₹4,250.00 crore and an offer for sale of 10.55 crore shares aggregating to ₹1,171.20 crore.
The IPO opens for subscription on December 3, 2025 and closes on December 5, 2025. The allotment is expected to be finalised on Monday, December 8, 2025. The price band for the IPO is set at ₹105 to ₹111 per share, and the minimum lot size for an application is 135 shares.
Company Summary
Incorporated in 2015, Meesho Limited is a multi-sided technology platform driving e-commerce in India by connecting four key stakeholders: consumers, sellers, logistics partners, and content creators. The company operates its e-commerce marketplace under the brand name Meesho, enabling consumers to access a wide range of affordable products while offering sellers a low-cost platform to grow their businesses.
The company has demonstrated strong operational growth, with a steady rise in placed orders and a broadening base of transacting users and sellers. For the twelve months ended September 30, 2025, Meesho had 706,471 annual transacting sellers and 234.20 million annual transacting users.
Its logistics network, operated under Valmo, integrates third-party logistics providers, including first and last-mile delivery partners, sorting centres, and truck operators, to ensure efficient order fulfilment across India. As of September 30, 2025, Meesho employed 2,082 full-time employees.
The company’s focus on cost efficiency and technological innovation has enabled it to maintain a positive cash flow position while strategically investing in new business verticals to expand its digital ecosystem.
Business Segments
Meesho operates through two business segments:
- Marketplace – a technology-driven platform facilitating transactions between consumers, sellers, logistics partners, and content creators. Revenue from this segment primarily includes income from services provided to sellers, such as order fulfilment, advertising, and seller insights.
- New Initiatives – which include a low-cost local logistics network for daily essentials and a digital financial services platform.
Company Strengths
- Leading value-focused e-commerce platform with the largest user base in India.
- A technology-based platform that supports scalability, cost efficiency, and performance, tailored for Indian users.
- Asset-light operating structure, so the company doesn’t manufacture or sell private label products, hold inventory, or own logistics assets.
- Zero-commission structure enabling sellers to offer low prices profitably.
- Strong logistics network (Valmo), reducing delivery costs and improving efficiency.
- Advanced AI-driven personalization and risk management, enhancing trust and scale.
Company Financials
| Period Ended | 30 Jun 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 | 9,900.9 | 7,859.24 | 5,897.69 |
| Profit After Tax | -700.72 | -3,941.71 | -327.64 | -1,671.9 |
| 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 | 0 | 0 | 0 |
| Amount in ₹ Crore | ||||
Objectives of IPO
- Investment for cloud infrastructure, in MTPL, our Subsidiary
- 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
- 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
Promoters of the company
Vidit Aatrey and Sanjeev Kumar are the company promoters.
IPO Details
| IPO Date | December 3, 2025 to December 5, 2025 |
| Listing Date | December 10, 2025 |
| Face Value | ₹1 per share |
| Price Band | ₹105 to ₹111 per share |
| Lot size | 135 shares |
| Total Issue size | 48,83,96,721 shares (aggregating upto ₹5,421.20 Cr ) |
| Fresh Issue | 38,28,82,882 shares (aggregating upto ₹4,250.00 Cr ) |
| Offer for Sale | 10,55,13,839 shares of ₹1 (aggregating upto ₹1,171.20 Cr ) |
| Issue type | Bookbuilding IPO |
| Listing at | NSE, BSE |
| Share Holding Pre Issue | 4,13,02,48,118 shares |
| Share Holding Post Issue | 4,51,31,31,000 shares |
Lot Allocation Details
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 135 | ₹14,985.00 |
| Retail (Max) | 13 | 1,755 | ₹1,94,805.00 |
| S-HNI (Min) | 14 | 1,890 | ₹2,09,790.00 |
| S-HNI (Max) | 66 | 8,910 | ₹9,89,010.00 |
| B-HNI (Min) | 67 | 9,045 | ₹10,03,995.00 |
Allotment Schedule
| Basis of Allotment | Mon, 8 Dec, 2025 |
| Initiation of Refunds | Tue, 9 Dec, 2025 |
| Credit of Shares to Demat | Tue, 9 Dec, 2025 |
| Tentative Listing Date | Wed, 10 Dec, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 5, 2025 |
IPO Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | Not less than 75% of the Net Offer |
| Retail Shares Offered | Not more than 10% of the Net Offer |
| NII Shares Offered | Not more than 15% of the Net Offer |
Source – SEBI, Chittorgarh
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