Meesho IPO: Check IPO Date, Live Subscription and Key Details
Meesho is a multi-sided technology platform that drives e-commerce in India, primarily by connecting consumers, sellers, logistics partners, and content creators. It became India’s largest marketplace in terms of total orders and annual transacting users in the 12 months ending June 30, 2025 (Redseer Report). Meesho operates a zero-commission model, focusing on affordable, low-priced products, especially for value-conscious shoppers outside India's top 8 cities. The company had 198.77 million annual transacting users in FY25, with women making up about 54% of its user base. Revenue is generated through seller services like order fulfillment, advertising, and data insights.
Price Range
₹105.0 - ₹111.0
Issue Size
₹5,421.2 Cr
Lot Size
135 shares
IPO Type
Mainboard
GMP
₹43(+38.74%)
Est. Listing Price
₹154
Estimate Profit
₹5,805
Retail Portion
10.00%
Key Metrics
Check Live GMPGMPFace Value
₹1
EPS
-3.11
P/E Ratio
-35.75
RoNW
-252.37%
ROE
-252.37%
Advertisement
Timeline
IPO Opens
3 Dec
IPO Closes
5 Dec
Allotment
8 Dec
Listing
10 Dec
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 3 December 2025 | Subscription starts |
| IPO Close Date | 5 December 2025 | Subscription ends |
| Allotment Date | 8 December 2025 | Allotment |
| Listing Date | 10 December 2025 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹14,985 |
Retail (Max)Just less than ₹2,00,000 | 13 | ₹1,94,805 |
SHNI (Min)Just above ₹2,00,000 | 14 | ₹2,09,790 |
SHNI (Max)Below ₹10,00,000 | 66 | ₹9,89,010 |
BHNIAbove ₹10,00,000 | 67 | ₹10,03,995 |
IPO Reservation Details
| Category | Reservation |
|---|---|
| QIB (Qualified Institutional Buyer) | 75.00% |
| NII (Non-Institutional Investor) | 15.00% |
| Retail | 10.00% |
| Total | 100.00% |
IPO Objectives
- Investment for cloud infrastructure, in MTPL, our Subsidiary (₹1,390.00 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 (₹480.00 Cr).
- Investment in MTPL, our Subsidiary, for expenditure towards marketing and brand initiatives (₹1,020.00 Cr).
- Funding inorganic growth through acquisitions and other strategic initiatives and general corporate purposes.
Strengths
- The company holds Market Leadership as the largest e-commerce platform in India by total orders and annual transacting users, demonstrating significant scale and network effects.
- The business model successfully taps into value-conscious consumers by offering affordable products with a zero-commission structure, primarily targeting Tier 2 and beyond cities.
- It uses a Technology-First Approach with extensive AI/ML systems for personalized product discovery and logistics optimization.
- The company operates with Capital Efficiency compared to traditional e-commerce giants and maintains a nil debt on its balance sheet.
- IPO proceeds are heavily focused on cloud infrastructure, AI/ML talent acquisition, and marketing, indicating a strong commitment to maintaining its technological edge.
Weaknesses
- The company is highly loss-making (PAT loss of ₹3941.71 in FY25), with the IPO valuation based heavily on future profitability and market capture
- It has Negative P/E and RoNW, indicating a risky investment profile typical of high-growth technology ventures.
- The continued negative EBITDA and PAT losses suggest High Cash Burn, which requires sustained external funding to continue operations.
- It faces Intense Competition from established e-commerce players (Amazon, Flipkart) and vertical specialists, necessitating continuous high marketing expenditure.
- As a technology platform with massive user data, it faces risks from evolving regulatory scrutiny related to data privacy, e-commerce, and intermediary laws.
Advertisement
Financial Performance
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 6,640.39 | 7,226.09 | 4,160.99 | 3,853.35 |
| Revenue (₹ Cr.) | 5,857.69 | 9,900.9 | 7,859.24 | 5,897.69 |
| PAT (₹ Cr.) | -700.72 | -3,941.71 | -327.64 | -1,671.9 |
| Net Worth (₹ Cr.) | 968.87 | 1,561.88 | 2,301.64 | 2,548.31 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Meesho | 30.16 | -35.75 | -252.37% | 968.87 |
| Eternal Limited | 9.47 | 1,592.89 | 0.61% | 30,310 |
| Swiggy Limited | 9.83 | -23.145 | -42.55% | 10,219 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 2.18x | 7.15x | 123.34x |
| NII | 1.9x | 9.63x | 39.85x |
| S-HNI | 2.47x | 11.25x | 32.28x |
| B-HNI | 1.61x | 8.82x | 43.64x |
| RII | 4.13x | 9.65x | 19.89x |
| Total | 2.46x | 8.28x | 81.76x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 14,65,19,017 | 18,07,17,42,600 | 2,00,596.34 |
| NII | 7,32,59,508 | 2,91,97,50,705 | 32,409.23 |
| Small NII | 2,44,19,836 | 78,83,36,550 | 8,750.54 |
| Big NII | 4,88,39,672 | 2,13,14,14,155 | 23,658.7 |
| RII | 4,88,39,672 | 97,14,86,325 | 10,783.5 |
| Total | 26,86,18,197 | 21,96,29,79,630 | 2,43,789.07 |
Advertisement
Company Details
- Meesho Ltd.
- 3rd Floor, Tower E, Helios Business Park, Chandana, Kadabeesanahalli, Bengaluru, -560103
- investorrelations@meesho.com
- https://www.meesho.com/
Registrar Details
- Kfin Technologies Ltd.
- 04067162222, 04079611000
- meesho.ipo@kfintech.com
- https://ipostatus.kfintech.com/
Frequently Asked Questions
When does the Meesho IPO open and close?
Meesho IPO opens for subscription on 3rd December 2025 and closes on 5th December 2025. Submit your application within this window through your broker or ASBA-enabled bank.
What is the Meesho IPO price band and market lot?
The price band for Meesho IPO is ₹105.00–₹111.00 per share. The market lot is 135 shares, so the minimum retail investment at the upper band is ₹14,985.
How is the Meesho IPO allocation split between investor categories?
Allocation is primarily to QIBs (about 75%), while Retail investors are allotted up to 10% and NIIs up to 15% of the offer. Exact percentages shown are tentative as per the offer structure.
When will Meesho shares be allotted and listed?
Tentative dates for Meesho are: Basis of Allotment — 8th December 2025; Refunds & Demat Credit — 9th December 2025; Listing on BSE & NSE — 10th December 2025. Check the registrar or exchange for final confirmations.
What is Grey Market Premium (GMP) and how should I use it for Meesho IPO?
GMP is an unofficial indicator of investor interest in the grey market — not regulated or guaranteed. Use GMP as one of many signals (subscription levels, financials, peers) when forming expectations about listing price.
How can I apply for Meesho IPO as a retail investor?
Apply through your broker's IPO application page (ASBA) or your bank's ASBA facility. Ensure your PAN and Demat account are active and linked, choose the number of lots, and submit before the issue closes.
What financials should I check before applying to Meesho IPO?
Review revenue trends, PAT/EBITDA, net worth, cash burn, and balance-sheet items. Also compare Meesho's unit economics and margins with peers and understand the IPO's use of proceeds.
Should retail investors apply to Meesho IPO?
Deciding to apply depends on your risk profile. Meesho is a high-growth technology platform but has reported losses; consider your investment horizon, portfolio allocation, and consult a financial adviser if unsure.
Loading comments...