Meesho IPO

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.
Live Subscription by Application
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 14,65,19,017 | 3,074 | 0.00x |
FII | - | 312 | - |
DFI | - | 73 | - |
MF | - | 118 | - |
Other | - | 2,571 | - |
| NII | 38,762 | 6,20,861 | 16.02x |
bNII | 25,841 | 2,22,831 | 8.62x |
Corporate | - | 1,762 | - |
Individual | - | 2,08,506 | - |
Other | - | 12,563 | - |
sNII | 12,921 | 3,98,030 | 30.80x |
Corporate | - | 626 | - |
Individual | - | 3,82,247 | - |
Other | - | 15,157 | - |
| Retail | 3,61,775 | 58,04,529 | 16.04x |
Cut-off price | - | 46,03,958 | - |
Fixed price | - | 12,00,571 | - |
| Total | 14,69,19,554 | 64,28,464 | 0.04x |
Live Subscription by Shares
| Category | Shares Offered | Shares Applied | Subscription |
|---|---|---|---|
| QIB | 14.65 Cr | 1807.17 Cr | 123.34x |
FII | - | 812.18 Cr | - |
DFI | - | 591.13 Cr | - |
MF | - | 164.95 Cr | - |
Other | - | 238.92 Cr | - |
| NII | 7.33 Cr | 292.11 Cr | 39.87x |
bNII | 4.88 Cr | 213.14 Cr | 43.64x |
Corporate | - | 2.13 Cr | - |
Individual | - | 198.07 Cr | - |
Other | - | 12.95 Cr | - |
sNII | 2.44 Cr | 78.97 Cr | 32.34x |
Corporate | - | 14.66 L | - |
Individual | - | 75.90 Cr | - |
Other | - | 2.92 Cr | - |
| Retail | 4.88 Cr | 97.39 Cr | 19.94x |
Cut-off price | - | 82.47 Cr | - |
Fixed price | - | 14.92 Cr | - |
| Total | 26.86 Cr | 2196.67 Cr | 81.78x |
Subscription Summary
Quick Stats
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Join NowData Last Updated
8 Dec 2025, 01:21 pm
Understanding Subscription Categories
QIB
Qualified Institutional Buyers
Includes FII, DFI, Mutual Funds, and other qualified institutions.
NII
Non-Institutional Investors
High net-worth individuals: bNII (₹10L+) and sNII (₹2L-₹10L).
Retail
Retail Individual Investors
Retail investors with applications up to ₹2 lakh per PAN.