UPI Mandate for Bids placed between 5 PM and before 10 AM will be received after 10 AM.
Offer Date | Dec 03 - Dec 05, 2025 |
Offer Price | ₹ 105-111 |
Lot Size | 135 |
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Meesho Limited IPO
Mainboard Live Offer Date: Dec 3, 2025 - Dec 5, 2025
₹ 14985 /135 Shares
Apply03 Dec, 2025
Open Date05 Dec, 2025
Close Date08 Dec, 2025
Allotment Date10 Dec, 2025
Listing Date📊 Enhanced IPO Subscription Insights Click “Live Subscription” below to access detailed, real-time subscription data — including category and application-wise breakdowns.
Expected Premium
+ ₹45-46 (40.54%)
*Expected Premium provided in this app is derived from market rumors. It is not a guaranteed indicator of the actual listing price and should be interpreted with caution.
Meesho Limited IPO Live Subscription Details
View Subscription DetailsQIB 7.15x
Retail 9.61x
NIIs 9.61x
BHNI 8.82x
SHNI 11.21x
Retail 9.61x
Total 8.27x
Last updated: 04 Dec 2025, 05:54 PM
Meesho Limited IPO Issue Details
- Issue Price ₹105-111 per equity share
- Face Value ₹1 Per Equity Share
- Total Issue Size 48,83,96,721 shares(aggregating up to ₹5421.2 crore)
- Fresh Share 38,28,82,882 shares(aggregating up to ₹4250 crore)
- Offer For Sale 10,55,13,839 shares(aggregating up to ₹1171.2 crore)
- Listing at BSE, NSE
- 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 - Registrar Kfin Technologies Limited
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 |
| BHNI(min) | 67 | 9,045 | ₹10,03,995 |
Meesho Limited IPO Reservation
Meesho Limited IPO offers total 488396720 shares. Out of which 146519017 (30%) allocated to QIB, 73259508 (15%) allocated to NII,48839672 (10%) allocated to RII, NA (NA%) allocated to employees and 219778524 (45%) allocated to 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%) | |
| bNII > ₹10L | 48839672 (10%) | |
| sNII < ₹10L | 24419836 (5%) | |
| Retail Shares Offered | 48839672 (10%) | |
| Total Shares Offered | 488396720 (100%) |
Meesho Limited IPO Details
Meesho Limited IPO is a book-built issue of ₹5421.2 crores, The total issue size is ₹5421.2 crores. The IPO of Meesho Limited is priced at ₹105-111 per equity share, which has a face value of ₹1 Per Equity Share each, IPO bidding starts from Dec 3, 2025 and ends on Dec 5, 2025. The allotment for Meesho Limited IPO will be finalized on Dec 8, 2025. Meesho Limited IPO will be listed on BSE, NSE, with a tentative listing date fixed as Dec 10, 2025. The company shall list its equity shares on the BSE, NSE. Kfin Technologies Limited is the registrar of the issue.
Retail investors can bid for a minimum of 135 shares, extendable to 14,985. S-HNIs will be able to bid for 1,890 shares at ₹2,09,790, while B-HNIs can also apply for a bid of 9,045 shares at ₹10,03,995. The book-running lead manager for the IPO is/are 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.
The total issue ₹5421.2 crore, comprising a fresh issue of 38,28,82,882 shares ₹4250 crore and having Offer for Sale (OFS) of 10,55,13,839 shares to mop up ₹1171.2 crore.
The Meesho Limited IPO sets its price band at 105-111 for each share. A single application for Meesho Limited IPO must contain at least 135 shares. Sentiment investors need to invest a minimum of 135 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,985 In order to participate in the sNII, investors must purchase at least 14 lots of 1,890 shares for ₹2,09,790, while the bNII requires 67 lots of 9,045 shares for an investment of ₹10,03,995.
Meesho Limited IPO Subscription Analysis And Details
Retail
9.57x
QIB
7.15x
NII
9.61x
bNII
8.82x
sNII
11.18x
Total
8.26x
| 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 1 03-12-25 05:00 PM | 2.18 x | 1.89 1.61 x 2.44 x | 4.05 x | 2.44 x |
Day 2 04-12-25 05:00 PM | 7.15 x | 9.61 8.82 x 11.18 x | 9.57 x | 8.26 x |
Meesho Limited Valuations
EPS Pre IPO ₹-9.54/-
EPS Post IPO ₹-3.11/-
P/E Pre IPO -11.63
P/E Post IPO -35.75
Price to Book Value 30.16
Market Cap. 50,095.75 Cr.
Meesho Limited Company Financials
In Crs.
In Cr.
| 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 |
About Meesho Limited 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 - Promoter(s)
Vidit Aatrey
Sanjeev Kumar
Pre Issue Share Holding : 18.51%
Post Issue Share Holding : N/A%
Meesho Limited IPO - Issue Objectives
1
Investment for cloud infrastructure, in MTPL, our Subsidiary – ₹1390 Cr
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 – ₹480 Cr
3
Investment in MTPL, our Subsidiary, for expenditure towards marketing and brand initiatives – ₹1020 Cr
4
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 |
Strength
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.
Weakness
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 Details
Meesho Limited
3rd Floor, Tower E, Helios Business Park, Chandana, Kadabeesanahalli, Bengaluru, Karnataka, 560103
Registrar Contact Details
Meesho Limited IPO - FAQs
Ans. Meesho Limited IPO is a Mainboard IPO. The issue is priced at ₹105-111 per equity share. The minimum order quantity is 135 Shares. The IPO opens on Dec 3, 2025, and closes on Dec 5, 2025. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Meesho Limited IPO opens on Dec 3, 2025 and closes on Dec 5, 2025.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Meesho Limited IPO is 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).
Ans. The Meesho Limited IPO price band is set between ₹105-111 per equity share.
Ans. To apply for Meesho Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Meesho Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Meesho Limited IPO is Dec 8, 2025.
Ans. The Meesho Limited IPO will be listed on Dec 10, 2025.
Ans. Follow the steps to check the Meesho Limited IPO allotment status online.
