
Meesho Limited
Mainboard₹14,985 / 135 Shares
IPO Live Subscription Details
| Category | Subscription (Times) |
|---|---|
| Date | 05 Dec 2025, 05:57 PM |
| QIBs | 123.34 times |
| NII | 39.85 times |
| Retail | 19.89 times |
| Total | 81.76 times |
Meesho Limited IPO Details
The Meesho Limited IPO price band is set between ₹105-111 per equity share, with a face value of ₹1 per share. The issue is managed by Kfin Technologies Limited, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 3 Dec, 2025 and closes on 5 Dec, 2025. Investors can check the allotment status on 8 Dec, 2025, while the listing date is tentatively scheduled for 10 Dec, 2025.
The total issue size is 48,83,96,721 shares, aggregating up to ₹5421.2 crore. Stay tuned for the latest Meesho Limited IPO review and GMP updates.
Meesho Limited IPO Review, Rating & Analysis
Meesho Limited IPO Review
May ApplyMeesho Limited IPO Rating
Meesho Limited IPO Highlights
IPO Date
Dec 3, 2025 - Dec 5, 2025
Listing Date
10 Dec, 2025
Face Value
₹1 Per Equity Share
Price Band
₹105-111 per equity share
Lot Size
135 Shares
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE, NSE
Meesho Limited IPO Lot Size
The minimum market lot for Meesho Limited IPO is 135 shares with an application amount of ₹14,985. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 135 | ₹14,985 |
| Retail (Max) | 13 | 1755 | ₹1,94,805 |
| S-HNI (Min) | 14 | 1890 | ₹2,09,790 |
| S-HNI (Max) | 66 | 8910 | ₹9,89,010 |
| B-HNI (Min) | 67 | 9045 | ₹10,03,995 |
Meesho Limited IPO Timeline
Issue Price
₹105-111 per equity shareFace Value
₹1 Per Equity ShareListing at Group
BSE, NSERegistrar
Kfin Technologies LimitedLead Manager
Kotak Mahindra Capital Co.LtdJP Morgan India Pvt.LtdMorgan Stanley India Co.Pvt.LtdAxis Capital LtdCitigroup Global Markets India Pvt.LtdIssue Size
48,83,96,721 shares(aggregating up to ₹5421.2 crore)Meesho Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30-Sep-25 | 6640.39 | 5857.69 | -700.72 | 968.87 | - | - |
| 31-Mar-25 | 7226.09 | 9900.90 | -3941.71 | 1561.88 | - | - |
| 31-Mar-24 | 4160.99 | 7859.24 | -327.64 | 2301.64 | - | - |
| 31-Mar-23 | 3853.35 | 5897.69 | -1671.90 | 2548.31 | - | - |
In Cr.
Meesho Limited IPO Reservation Details
| Investor Category | Shares Offered | % Shares |
|---|---|---|
| Anchor Investor Shares Offered | 219778524 | 45% |
| QIB Shares Offered | 146519017 | 30% |
| NII (HNI) Shares Offered | 73259508 | 15% |
| bNII > ₹10L | 48839672 | 10% |
| sNII < ₹10L | 24419836 | 5% |
| Retail Shares Offered | 48839672 | 10% |
| Total Shares Offered | 488396720 | 100% |
Meesho Limited IPO Documents
Meesho Limited IPO Valuations
EPS Pre IPO
₹-9.54/-EPS Post IPO
₹-3.11/-PE Pre IPO
-11.63PE Post IPO
-35.75ROE
-ROCE
-Debt Equity
-RoNW
-PAT Margin
-Price to Book Value
30.16Meesho Limited Peer Comparison
| Company Name | Revenue | RoNW | PE Ratio | PB Ratio |
|---|---|---|---|---|
| Meesho | 9389 | (252)% | N/A | N/A |
| Eternal | 20243 | 2.16% | 529 | N/A |
| Swiggy | 15226 | (30.5)% | N/A | N/A |
| Brainbees Solutions | 7659 | (26.6)% | N/A | N/A |
| Fsn E-Commerce | 7949 | 5.21% | 1168 | N/A |
| Vishal Mega Mart | 10716 | 9.85% | 99 | N/A |
| Trent | 17134 | 27.9% | 100 | N/A |
| Avenue Supermarts | 59358 | 13.6% | 98 | N/A |
Promoters & Share Holding
Promoter(s) Name
- Vidit Aatrey
- Sanjeev Kumar
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 18.51% | N/A% |
About Company
Meesho Limited is a multi-sided technology platform incorporated in 2015, which enables e-commerce in India by connecting four critical 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 products at an affordable price while offering sellers a low-cost platform to grow their businesses.
Meesho works through two business segments:
Marketplace-a technology-driven platform that enables transactions between customers, sellers, logistics partners, and content creators. Revenue from this segment primarily includes income on services offered to sellers for order fulfilment, advertising, and seller insights.
New Initiatives: This includes a low-cost, local logistics network for daily essentials and a digital financial services platform.
The company has demonstrated solid operational growth with a consistent 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.
The logistics network, operated under Valmo, integrates third-party logistics providers comprising first and last-mile delivery partners, sorting centres, and truck operators that are used to ensure timely order fulfilment across the country. As of September 30, 2025, Meesho employed 2,082 full-time employees. The company's constant focus on cost efficiency and technological innovation has helped it stay cash flow positive while making strategic investments in the new business verticals to expand its digital ecosystem.
Meesho Limited IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 14,65,19,017 | 7,32,59,508
4,88,39,672
2,44,19,836
| 4,88,39,672 | 26,86,18,197 |
Day 103-12-25 05:00 PM | 2.18 x | 1.89
x
1.61 x
2.44 x
| 4.05 x | 2.44 x |
Day 204-12-25 05:00 PM | 7.15 x | 9.61
x
8.82 x
11.18 x
| 9.57 x | 8.26 x |
Day 305-12-25 05:00 PM | 123.34 x | 39.85
x
43.64 x
32.28 x
| 19.89 x | 81.76 x |
Retail:15.77x
BHNI:8.62x
SHNI:30.76x
Meesho Limited IPO - Issue Objectives & Utilisation of proceeds
| Objectives | Amount |
|---|---|
| Investment for cloud infrastructure, in MTPL, our Subsidiary | ₹ 1390 Cr |
| 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 | ₹ 480 Cr |
| Investment in MTPL, our Subsidiary, for expenditure towards marketing and brand initiatives | ₹ 1020 Cr |
| Funding inorganic growth through acquisitions and other strategic initiatives and general corporate purposes | - |
Company Contact Details
Meesho Limited
3rd Floor, Tower E, Helios Business Park, Chandana, Kadabeesanahalli, Bengaluru, Karnataka, 560103Registrar Contact Details
Kfin Technologies Ltd
Phone: 04067162222, 04079611000
Email: meesho.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Frequently Asked Questions about Meesho Limited IPO
When will Meesho Limited IPO open for subscription?
The Meesho Limited IPO opens on 3 Dec, 2025 and closes on 5 Dec, 2025.
What is the investors portion for Meesho Limited IPO?
The investors' portion for QIB is 123.34 x, NII is 43.64 x, and Retail is 19.89 x.
How to apply for Meesho Limited IPO?
You can apply for Meesho Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Meesho Limited IPO?
The issue size of Meesho Limited IPO is approx ₹48,83,96,721 shares(aggregating up to ₹5421.2 crore) crores.
What is the price band of Meesho Limited IPO?
The price band for Meesho Limited IPO is ₹105 to ₹111 per equity share.
What is the lot size of Meesho Limited IPO?
The minimum bid (lot size) for Meesho Limited IPO is 135 shares with an investment of approx ₹14,985 .
What is the allotment date of Meesho Limited IPO?
The allotment date for Meesho Limited IPO is 8 Dec, 2025.
What is the listing date of Meesho Limited IPO?
The listing date for Meesho Limited IPO is expected to be 10 Dec, 2025.
What is the GMP of Meesho Limited IPO?
The latest Grey Market Premium (GMP) for Meesho Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.
