Meesho IPO will open for subscription on December 2, 2025, and close on December 4, 2025. It is a Book Built Issue through which the company plans to raise around ₹5421.20 crores, including a fresh issue of ₹4,250 crores and an Offer for Sale of up to 175,696,602 equity shares with a face value of ₹1 each.
The IPO will be listed on BSE and NSE on December 9, 2025, and the allotment will be finalized on December 5, 2025. The IPO price band is ₹105 to ₹111 per share. The retail quota is 10%, Qualified Institutional Buyers (QIB) get 75%, and High Networth Individuals (HNI) are allotted 15%.
Contents
Meesho IPO Details
| IPO Detail | Information |
|---|---|
| IPO Open Date | December 2, 2025 |
| IPO Close Date | December 4, 2025 |
| Face Value | ₹1 Per Equity Share |
| IPO Price Band | ₹105 to ₹111 Per Share |
| Issue Size | Approx ₹5421.20 Crores |
| Fresh Issue | Approx ₹4,250 Crores |
| Offer for Sale | Approx 175,696,602 Equity Shares |
| Issue Type | Book Built Issue |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus | View PDF |
| RHP Draft Prospectus | View PDF |
Meesho IPO
Open: 3-5 Dec
Issue Size: ₹5421.20 Cr
Objective: To raise funds for upgrading its tech, boosting marketing & expanding growth.
Exchange: BSE NSE
Meesho IPO GMP Today
The Meesho IPO continues to attract strong interest in the grey market, with the latest GMP holding steady at ₹49.5 as of 5 December 2025, 9:00 AM.
With the upper price band fixed at ₹111, the estimated listing price works out to around ₹160.5, signalling an impressive 44.59% listing gain if current sentiment sustains. Retail Subject to Sauda is quoted at ₹5,100, while Small HNI Sauda stands at ₹71,400, indicating solid demand across categories.
The day-wise trend shows a consistent upward movement over the past nine sessions, where GMP has ranged between ₹33 and ₹49.5.
Most sessions recorded a positive uptick, reflecting upbeat market sentiment. Even on days with minor dips, the overall trajectory stayed strong. The rising Sauda rates and improving subscription figures reinforce expectations of a healthy listing for Meesho IPO.
Note: These GMP figures are only market news and should not be treated as investment advice or grey-market trading recommendations.
Meesho IPO Review
The minimum market lot for Meesho IPO is 135 shares with an application amount of ₹14,985. Retail investors can apply for up to 13 lots, with 1,755 shares of ₹1,94,805 amount.
The Meesho IPO has generated strong interest in the market, supported by its solid growth in the online retail and social commerce space. The company’s asset-light model, rising GMV, and expanding seller base make its long-term story attractive.
The grey market premium has also shown an upward trend, indicating positive sentiment among investors. However, the company is still working toward consistent profitability, which may be a consideration for cautious investors. Overall, the Meesho IPO looks suitable for investors with a medium to long-term view who believe in the future of India’s digital commerce ecosystem.
Market lot for Meesho IPO
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 135 | ₹14,985 |
| Retail Maximum | 13 | 1,755 | ₹1,94,805 |
| S-HNI Minimum | 14 | 1,890 | ₹2,09,790 |
| S-HNI Maximum | 66 | 8,910 | ₹9,89,010 |
| B-HNI Minimum | 67 | 9,045 | ₹10,03,995 |
IPO Reservation
| Investor Category | Shares Offered | % Shares |
|---|---|---|
| Anchor Investor | – Shares | –% |
| QIB (Ex. Anchor) | – Shares | 75% |
| NII | – Shares | 15% |
| Retail | – Shares | 10% |
Meesho IPO Anchor Investors
| Detail | Information |
|---|---|
| Anchor Bidding Date | 2025 |
| Anchor Investors List | View PDF |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| Lock-in period end date 50% shares (30 Days) | 2025 |
| Lock-in period end date 50% shares (90 Days) | 2025 |
- Also Read: Canara HSBC Life IPO
Meesho IPO Dates
| Event | Date |
|---|---|
| IPO Open Date | December 2, 2025 |
| IPO Close Date | December 4, 2025 |
| Basis of Allotment | December 5, 2025 |
| Refunds | December 8, 2025 |
| Credit to Demat Account | December 8, 2025 |
| IPO Listing Date | December 9, 2025 |
| IPO Bidding Cut-off Time | December 5, 2025 – 5 PM |
Promoters and Holding Pattern
The promoters of Meesho are Vidit Aatrey and Sanjeev Kumar.
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 1,94,74,98,633 | 18.51% |
| Promoter Holding Post Issue | – | –% |
Objects of the Issue
The IPO proceeds will be used to invest ₹1,390 crores in cloud infrastructure via MTPL, the subsidiary. About ₹480 crores will fund salaries for Machine Learning, AI, and technology teams.
Marketing and brand initiatives in MTPL will receive ₹1,020 crores. The remaining funds will support inorganic growth, acquisitions, strategic initiatives, and general corporate purposes.
About Meesho Company
Founded in 2015, Meesho Limited has emerged as one of India’s largest e-commerce platforms. It connects buyers, sellers, logistics partners, and content creators.
The platform emphasizes affordability through ‘Everyday Low Prices,’ offering everything from budget-friendly unbranded items to well-known regional and national brands. Meesho uses AI and ML to personalise product recommendations, replicating the experience of window shopping online.
Its logistics network, Valmo, partners with third-party delivery operators across India to ensure fast and reliable deliveries. As of 2025, Meesho serves over 213.17 million active users and supports 575,465 active sellers.
Meesho Financials
| Period Ended | Revenue (₹ Cr.) | Expense (₹ Cr.) | PAT (₹ Cr.) | Assets (₹ Cr.) |
|---|---|---|---|---|
| 2023 | 5,897.69 | 7,569.59 | 1,671.90 | 3,853.35 |
| 2024 | 7,859.24 | 8,173.78 | 327.64 | 4,160.99 |
| 2025 | 9,900.90 | 10,009.33 | 3,941.71 | 7,226.09 |
| June 2025 | 2,629.96 | 2,777.65 | 289.36 | 6,049.60 |
Meesho IPO Valuation – FY2025
| KPI | Value |
|---|---|
| EPS | ₹(9.98) Basic |
| P/E Ratio | N/A |
| ROE | – |
| ROCE | – |
| EBITDA Margin | – |
| PAT Margin | – |
| Debt to Equity Ratio | – |
| Return on Net Worth | (252.37)% |
| Net Asset Value | ₹3.68 |
Peer Comparison
| Company | EPS | P/E Ratio | RoNW % | NAV | Income (₹ Cr.) |
|---|---|---|---|---|---|
| Eternal Limited | 0.60 | 599.57 | 2.16% | 31.42 | 20,243 |
| Swiggy Limited | (13.72) | – | (30.50)% | 40.98 | 15,226.76 |
| Brainbees Solutions Limited | (4.11) | – | (26.63)% | 91.00 | 7,659.61 |
| FSN E-Commerce Ventures Limited | 0.23 | 1112.13 | 5.21% | 4.55 | 7,949.82 |
| Vishal Mega Mart Limited | 1.40 | 107.14 | 9.85% | 13.92 | 10,716.35 |
| Trent Limited | 43.51 | 106.12 | 27.93% | 153.64 | 17,134.61 |
| Avenue Supermarts Limited | 41.61 | 101.33 | 13.63% | 329.29 | 59,358.05 |
IPO Lead Managers
- 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.
Company Address
| Detail | Information |
|---|---|
| Name | Meesho Ltd. |
| Address | 3rd Floor, Tower E, Helios Business Park, Chandana, Kadabeesanahalli, Bengaluru, Karnataka, 560103 |
| investorrelations@meesho.com | |
| Website | https://www.meesho.com/ |
IPO Registrar
| Detail | Information |
|---|---|
| Name | Kfin Technologies Ltd. |
| Phone | 04067162222, 04079611000 |
| meesho.ipo@kfintech.com | |
| Website | https://ipostatus.kfintech.com/ |
Meesho IPO FAQs
What is Meesho IPO?
Meesho IPO is a Mainboard IPO to raise ₹5,421.20 crores at a price band of ₹105 to ₹111 per equity share, listed on BSE & NSE.
When does Meesho IPO open and close?
Opens on December 2, 2025, and closes on December 4, 2025.
Investor portion?
QIB: 75%, NII: 15%, Retail: 10%.
How to apply?
Apply via ASBA online through banks or UPI, or via stock brokers offline.
Issue size?
Meesho IPO issue size is ₹5,421.20 crores.
Price band?
Meesho IPO Price Band is ₹105 to ₹111.
Lot size?
The minimum bid is 135 Shares with ₹14,985 amount.
Allotment date?
December 5, 2025
Listing date?
December 9, 2025
Expert Comment
Meesho IPO represents a significant opportunity in India’s e-commerce sector, combining strong user engagement and AI-driven operations.
While the company reports losses, the growth in revenue and strategic use of proceeds for technology and marketing indicates potential long-term value for investors.
