Meesho IPO

Meesho IPO

Listed

MainboardOpens 3 December 2025Closes 5 December 2025

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…

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Live GMPSubscriptionAllotment
Price band
₹105 - ₹111
Issue size
₹5,421.2 Cr
Lot size
135 shares
Type
Mainboard
GMP
₹43 (+38.7%)
Est. listing
₹154
Est. profit / app
₹5,805
Retail quota
10.00%

Key ratios

As per RHP / filings
Face value
₹1
EPS
-3.11
P/E ratio
-35.75
RoNW
-252.37%
ROE
-252.37%
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Timeline

IPO Opens

3 Dec

IPO Closes

5 Dec

Allotment

8 Dec

Listing

10 Dec

IPO Timeline & Listing Details

EventDate
IPO Open Date3 December 2025
IPO Close Date5 December 2025
Allotment Date8 December 2025
Listing Date10 December 2025

Investment Categories

CategoryLotsAmount
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

CategoryReservation
QIB (Qualified Institutional Buyer)75.00%
NII (Non-Institutional Investor)15.00%
Retail10.00%
Total100.00%

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.
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Financial Performance

Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
Assets (₹ Cr.)6,640.397,226.094,160.993,853.35
Revenue (₹ Cr.)5,857.699,900.97,859.245,897.69
PAT (₹ Cr.)-700.72-3,941.71-327.64-1,671.9
Net Worth (₹ Cr.)968.871,561.882,301.642,548.31

Peer Comparison

CompanyP/B RatioP/E RatioRONW (%)Net Worth (₹ Cr.)
Meesho30.16-35.75-252.37%968.87
Eternal Limited9.471,592.890.61%30,310
Swiggy Limited9.83-23.145-42.55%10,219

Subscription Details

Daily Bids Status

CategoryDay 1Day 2Day 3
QIB2.18x7.15x123.34x
NII1.9x9.63x39.85x
S-HNI2.47x11.25x32.28x
B-HNI1.61x8.82x43.64x
RII4.13x9.65x19.89x
Total2.46x8.28x81.76x

Overall Subscription Statistics

CategoryShares OfferedShares BidBid Amount (₹ Cr)
QIB14,65,19,01718,07,17,42,6002,00,596.34
NII7,32,59,5082,91,97,50,70532,409.23
Small NII2,44,19,83678,83,36,5508,750.54
Big NII4,88,39,6722,13,14,14,15523,658.7
RII4,88,39,67297,14,86,32510,783.5
Total26,86,18,19721,96,29,79,6302,43,789.07
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Company Details

  • Meesho Ltd.
  • 3rd Floor, Tower E, Helios Business Park, Chandana, Kadabeesanahalli, Bengaluru, -560103
  • investorrelations@meesho.com
  • https://www.meesho.com/

Registrar Details

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.

Meesho IPO News & Updates

Follow the latest updates for Meesho IPO, including grey market moves and allotment news.

Meesho IPO IPO Pages

Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.

Meesho IPO Details

Issue size, price, financials, and company info

Meesho IPO GMP

Live grey market premium and listing estimate

Meesho IPO Subscription

QIB, NII, Retail, SHNI and BHNI subscription

Meesho IPO Allotment

Allotment date, chances, and check by PAN

Meesho IPO Review

SWOT, strengths, risks, and IPO review

Meesho IPO FAQ

Common questions on dates, GMP, and allotment

Meesho IPO Registrar

Registrar website and how to check allotment

Meesho IPO Timeline

Open, close, allotment, and listing dates

Meesho IPO News

Updates, blogs, and latest IPO news

Sources

We match Meesho IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.

  • SEBIRules for IPO allotment and disclosures in India
  • NSEExchange notices, bidding data, and listing updates
  • BSEExchange notices and IPO allotment check tools
  • RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
  • Kfin Technologies Ltd.Official site to check allotment status for this IPO

Also read our Editorial Policy, How GMP is calculated, and How allotment chances work.

Reviewed by

Dinesh Agrawal · Lead IPO Analyst

15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.

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