Meesho Limited IPO

Meesho Limited IPO is listed on BSE and NSE, priced at ₹105–₹111 per share. The stock debuted at ₹162.5, delivering a listing gain of 46.4%. The IPO had a lot size of ₹135 shares and a minimum investment of ₹14,985.

Meesho Limited IPO

Mainboard Listed
₹14,985 (135 Shares)
Minimum Investment
Check Allotment
IPO Dates
Dec 3, 2025 – Dec 5, 2025
Price band
₹105-111 per equity share
Minimum Investment
₹14,985
Issue size
₹5421.2 Cr
Lot size
135
Allotment Date
Dec 8, 2025
Listing
Dec 10, 2025
Listing At
BSE, NSE

IPO timeline

  1. Dec 3, 2025

    Open Date

    Completed

  2. Dec 5, 2025

    Close Date

    Completed

  3. Dec 8, 2025

    Allotment Date

    Completed

  4. Dec 10, 2025

    Listing Date

    Completed

Price Summary

Last closing
198.10 (78.47%)
52 week high
254.40
52 week low
125.56
Last update

Meesho Limited IPO Subscription Details

View Subscription Details
QIB 123.34x
Retail 19.89x
NIIs 39.85x
bHNI 43.64x
sHNI 32.28x
Retail 19.89x
Total 81.76x

Meesho Limited IPO subscription status shows demand across QIB, NII, and retail categories, helping investors understand participation levels.

Last updated:

Meesho Limited IPO Essentials

Meesho Limited IPO Details

Meesho Limited IPO is priced at ₹105-111 per share with a total issue size of 5421.2 crore. The IPO has a lot size of 135 shares and is listed on BSE and NSE.

Issue price
₹105-111 per equity share
Lot size
135 shares
Face value
₹1 Per Equity Share
Issue size
Total 5,421.20 Cr :
#Fresh Issue : 38,28,82,882 shares(aggregating up to ₹4250.00 Cr) +
#OFS : 10,55,13,839 shares of ₹1(aggregating up to ₹1171.20 Cr)
Total issue size
48,83,96,721 shares
(aggregating up to ₹5421.2 crore)
Fresh issue
38,28,82,882 shares
(aggregating up to ₹4250 crore)
Offer for sale (OFS)
10,55,13,839 shares
(aggregating up to ₹1171.2 crore)
Listing at
BSE, NSE
List price
162.5(NSE)
Listing date
Registrar
Kfin Technologies Limited
Lead manager
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

Market Lot Size

Investors can bid for a minimum of 135 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (min) 1 135 ₹14,985
Retail(max) 13 1,755 ₹1,94,805
sHNI(min) 14 1,890 ₹2,09,790
sHNI(max) 66 8,910 ₹9,89,010
sHNI(min) 67 9,045 ₹10,03,995

Meesho Limited IPO Documents

Meesho Limited IPO Reservation

Meesho Limited IPO reservation details show category-wise allocation of shares. Out of the total 488396720 shares, approximately 30% are reserved for QIB, 15% for NII, 10% for retail investors, and 45% for anchor investors.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered 219778524 (45%)
QIB Shares Offered 146519017 (30%)
NII (HNI) Shares Offered 73259508 (15%)
bHNI > ₹10L 48839672 (10%) 25841
sHNI < ₹10L 24419836 (5%) 12921
Retail Shares Offered 48839672 (10%) 361775
Total Shares Offered 488396720 (100%)

Meesho Limited IPO Analytics

Meesho Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.

Meesho Limited IPO Subscription Status

Meesho Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.

The IPO is currently subscribed 81.76x, indicating strong demand across investor categories.

As on QIB
NII
bHNI
sHNI
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 1 03-12-25 05:00 PM
2.18 x
1.89x
1.61x
2.44x
4.05 x 2.44 x
Day 2 04-12-25 05:00 PM
7.15 x
9.61x
8.82x
11.18x
9.57 x 8.26 x
Day 3 05-12-25 05:00 PM
123.34 x
39.85x
43.64x
32.28x
19.89 x 81.76 x
Total No. of Applications
bHNI sHNI Retail
6326900 (Approx) 8.62x 30.76x 15.77x

Meesho Limited Valuations

Earnings

EPS Pre IPO
₹-9.54/-
EPS Post IPO
₹-3.11/-
P/E Pre IPO
-11.63
P/E Post IPO
-35.75

Fundamentals

Price / Book
30.16
Market Cap
50,095.75 Cr.

Data sourced from DRHP / RHP • For educational purposes only

Meesho Limited Financials( In Crs.)

30-Sep-25 31-Mar-25 31-Mar-24 31-Mar-23
Assets 6,640.39 7226.09 4160.99 3853.35
Revenue 5,857.69 9900.90 7859.24 5897.69
Profit After Tax -700.72 -3941.71 -327.64 -1671.90
Net Worth 968.87 1561.88 2301.64 2548.31

Meesho Limited Company & Offer Insights

About Meesho Limited

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 Promoter(s)

Vidit Aatrey, Sanjeev Kumar are the company's promoters of Meesho Limited.

Meesho Limited IPO Issue Objectives

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

Meesho Limited IPO - Anchor Investors

Meesho mobilises Rs 2,439 cr from anchor investors ahead of IPO.
The largest allotment was made to SBI Mutual Fund, whose schemes put together garnered a sizeable chunk of the book. SBI Balanced Advantage Fund received an allotment of 18.47 million shares (8.40%). SBI Focused Fund picked up 16.66 million shares (7.58%). SBI Innovative Opportunities Fund got 11.71 million shares (5.33%).
Among overseas investors, the Government of Singapore got an allocation of 14.90 million shares, representing 6.78 percent. Other major investors were Fidelity Funds – India Focus Fund, Tiger Global, Kora Master Fund, Amansa, Goldman Sachs, Franklin Templeton, Morgan Stanley, BlackRock Global Funds, and Monetary Authority of Singapore.

Meesho Limited IPO - Peers Comparison

P/B Ratio P/E Ratio RoNW Revenue(in Cr.)
Meesho N/A N/A (252)% 9389
Eternal N/A 529 2.16% 20243
Swiggy N/A N/A (30.5)% 15226
Brainbees Solutions N/A N/A (26.6)% 7659
Fsn E-Commerce N/A 1168 5.21% 7949
Vishal Mega Mart N/A 99 9.85% 10716
Trent N/A 100 27.9% 17134
Avenue Supermarts N/A 98 13.6% 59358

Meesho Limited IPO - Strengths and Risks

Meesho Limited IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.

Strengths

Strong Technology-First & AI-Driven Approach: A majority of the workforce is technology-focused, having 1,136 tech employees with 155 in AI/ML. Its tech-first model further enhances scalability and reduces cost while improving stakeholder experience, reflected in a strong GMV-to-FTE ratio of ₹273.44 million.
India-focused product design: The application is specially built, keeping the Indian user in mind, and its key features are simplicity, intuitiveness, low app size, and support for 10 languages. Features such as text, image, and voice search, along with AI-powered query resolution, have helped in efficient customer support, with up to 60.26% resolution through GenAI tools.
Continuous Innovation Capability: Meesho's experimentation platform 'Abacus' empowers quick testing and deployment of features. The system supports more than 430+ concurrent experiments running each month and delivers approximately 34 new features in a month, driving continuous improvement of the platform.

Risks

Dependence on Third-Party Logistics Partners: The deliveries of products are dependent on Valmo-integrated logistics providers and five end-to-end partners. The disturbance in the service, failure, or deterioration of quality in logistics will adversely affect operations, customer experience, and economic performance.
Technology Infrastructure Risks: Technology system or platform outages disrupt service continuity. The inability to scale, upgrade, or introduce innovation on the technology stack could lead to reduced competitiveness, which may unfavorably impact business, cash flows, and results of operations.
Dependence on Third-Party Software & Platforms: The company relies on cloud providers, licensed and open-source software, and social media platforms. Any alteration of terms relating to access, algorithms, or availability may reduce user reach, interrupt operations, and impact scalability and platform reliability.

Contact Information

Contact Details

Meesho Limited

investorrelations@meesho.com

https://www.meesho.com/

3rd Floor, Tower E, Helios Business Park, Chandana, Kadabeesanahalli, Bengaluru, Karnataka, 560103

Registrar Contact Details

Kfin Technologies Ltd

04067162222, 04079611000

meesho.ipo@kfintech.com

https://ipostatus.kfintech.com/

Frequently Asked Questions

Click any question to reveal the answer

Meesho Limited IPO is a book-built IPO worth ₹5421.2 crore. The price band is ₹105–₹111 per share. The IPO opens on Dec 3, 2025 and closes on Dec 5, 2025. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.

The price band of Meesho Limited IPO is ₹105 to ₹111 per share.

The lot size of Meesho Limited IPO is 135 shares.

The minimum investment for Meesho Limited IPO is approximately ₹14,985 based on the upper price band .

Meesho Limited IPO opens on Dec 3, 2025 and closes on Dec 5, 2025.

The allotment date of Meesho Limited IPO is Dec 8, 2025.

Meesho Limited IPO is expected to be listed on Dec 10, 2025, on BSE and NSE .

Meesho Limited IPO listed on Dec 10, 2025. It was issued at ₹162.5(NSE) and is currently around ₹198.10 as on 22-May-2026 3:30 PM, which is approximately 78.5% versus issue price. The 52-week high is ₹254.40.

Based on listing and post-listing performance, Meesho Limited IPO delivered around 78.5% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.

To buy Meesho Limited IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.

Meesho Limited IPO valuation snapshot: P/E -35.75, EPS ₹-3.11/-, P/B 30.16, RoNW N/A, and market cap 50,095.75 Cr.

To apply for Meesho Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.

You can check the live subscription status of Meesho Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.

Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.

If you pre-apply for Meesho Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.

You can check Meesho Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Meesho Limited IPO allotment status on IPO Ji for quick and easy access.