Meesho IPO
Bookbuilding IPO | ₹5,421.20 Cr | Listing at BSE, NSE
IPO Open
Wed, Dec 03, 2025
IPO Close
Fri, Dec 05, 2025
Price Band
₹105.00 to ₹111.00
Market Cap (Pre-IPO)
₹50,095.75 Cr
IPO Details
| IPO Date | Dec 03, 2025 to Dec 05, 2025 |
| Listing Date | Dec 10, 2025 |
| Face Value | ₹1.00 per share |
| Price Band | ₹105.00 to ₹111.00 |
| Lot Size | 135 Shares (Minimum: ₹14,985.00) |
| Sale Type | Offer For Sale + Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹5,421.20 Crores |
| Total Shares Offered | 488,396,721 shares |
| Fresh Issue | 382,882,882 shares |
| Offer For Sale | 105,513,839 shares |
Subscription Data
| Category | Times Subscribed |
|---|---|
| QIB | 123.34x |
| NII | 115.77x |
| RII | 19.89x |
| Total | 81.76x |
Meesho IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 36,62,97,541 (75.00%) |
| Retail Shares Offered | 4,88,39,672 (10.00%) |
| NII Shares Offered | 7,32,59,508 (15.00%) |
Meesho IPO 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 Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 135 | ₹14,985 |
| Retail (Max) | 13 | 1,755 | ₹194,805 |
| S-HNI (Min) | 14 | 1,890 | ₹209,790 |
| S-HNI (Max) | 66 | 8,910 | ₹989,010 |
| B-HNI (Min) | 67 | 9,045 | ₹1,003,995 |
Meesho Financial Information (Restated Consolidated)
Meesho Ltd.'s revenue increased by 26% and profit after tax (PAT) dropped by 1103% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 30 Sep 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 | 9,900.90 | 7,859.24 | 5,897.69 |
| Profit After Tax | -700.72 | -3,941.71 | -327.64 | -1,671.90 |
| EBITDA | -551.87 | -219.59 | -230.15 | -1,693.73 |
| NET Worth | 968.87 | 1,561.88 | 2,301.64 | 2,548.31 |
| Reserves and Surplus | - | - | - | - |
| Total Borrowing | - | - | - | - |
Amount in ₹ Cr
Key Performance Indicators
As of Monday, March 31, 2025| KPI | Values |
|---|---|
| ROCE (Return on Capital Employed) | -252.37% |
| Price to Book Value | 30.16 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | -9.54 | -3.11 |
| P/E (x) | -11.63 | -35.75 |
| Promoter Holding | 18.51% | 14.60% |
Company Promoters
- Vidit Aatrey and Sanjeev Kumar are the company promoters.
Company Overview
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.
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.
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.
Use of Proceeds
| 1) | Investment for cloud infrastructure, in MTPL, our Subsidiary | 1,390.00 |
| 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 | 480.00 |
| 3) | Investment in MTPL, our Subsidiary, for expenditure towards marketing and brand initiatives | 1,020.00 |
| 4) | Funding inorganic growth through acquisitions and other strategic initiatives and general corporate purposes# | 1,197.83 |
Objectives
The Company Meesho IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
Meesho IPO Peer Comparison
Meesho peer comparison with similar listed entities. (As on March 31, 2025)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Meesho | -9.98 | -9.98 | 3.68 | - | -252.00 | - | - |
| Eternal Limited | 0.60 | 0.58 | 31.42 | 529.14 | 2.16 | - | - |
| Swiggy Limited | -13.72 | -13.72 | 40.98 | - | -30.50 | - | - |
| Brainbees Solutions Limited | -4.11 | -4.11 | 91.00 | - | -26.63 | - | - |
| Fsn E-commerce Ventures Limited | 0.23 | 0.23 | 4.55 | 1,168.43 | 5.21 | - | - |
| Vishal Mega Mart Limited | 1.40 | 1.36 | 13.92 | 99.53 | 9.85 | - | - |
| Trent Limited | 43.51 | 43.51 | 153.64 | 100.87 | 27.93 | - | - |
| Avenue Supermarts Limited | 41.61 | 41.50 | 329.29 | 98.43 | 13.63 | - | - |
Quick Info
| Sector | E-commerce and Social-Commerce |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹50,095.75 Cr |
Important Dates
| IPO Open | Dec 03, 2025 |
| IPO Close | Dec 05, 2025 |
| Credit to Demat | Dec 09, 2025 |
| Listing Date | Dec 10, 2025 |
Lead Manager(s)
Kotak Mahindra Capital Co.Ltd.
Registrar
Kfin Technologies Ltd.
04067162222, 04079611000
Description
- Meesho IPO is a book build issue of ₹5,421.20 crores. The issue is a combination of fresh issue of 38.29 crore shares aggregating to ₹4,250.00 crores and offer for sale of 10.55 crore shares aggregating to ₹1,171.20 crores.
- Meesho IPO bidding started from Dec 3, 2025 and ended on Dec 5, 2025. The allotment for Meesho IPO was finalized on Dec 8, 2025. The shares got listed on BSE, NSE on Dec 10, 2025.
- Meesho IPO price band is set at ₹111.00 per share . The lot size for an application is 135. The minimum amount of investment required by an retail is ₹14,985 (135 shares) (based on upper price). The lot size investment for sNII is 14 lots (1,890 shares), amounting to ₹2,09,790, and for bNII, it is 67 lots (9,045 shares), amounting to ₹10,03,995.