The Meesho IPO opening date is December 3, 2025, and the IPO will close on December 5, 2025. The Meesho IPO is a book-built issue. The company will raise approximately ₹5,421.20 crore through the IPO, which includes a fresh issue of ₹4,250 crore and an offer for sale of 10,55,13,839 equity shares with a face value of ₹1.
The price band for the Meesho IPO is ₹105 to ₹111 per share. The retail quota is 10%, QIB 75%, and HNI 15%. The Meesho IPO will be listed on the BSE and NSE on December 10, 2025. The allotment date for the Meesho IPO is December 8, 2025.
The company reported revenue of ₹9,900.90 crore in 2025, compared to ₹7,859.24 crore in 2024. The company reported a loss of ₹3,941.71 crore in 2025, compared to ₹327.64 crore in 2024. According to financials, IPO investors should apply for the long term in IPOs.
Meesho IPO Details
| IPO Open Date | December 3, 2025 |
| IPO Close Date | December 5, 2025 |
| Face Value | ₹1 Per Equity Share |
| IPO Price Band | ₹105 to ₹111 Per Share |
| Issue Size | Approx ₹5,421.20 Crores |
| Fresh Issue | Approx ₹4,250 Crores |
| Offer for Sale: | Approx 10,55,13,839 Equity Shares |
| Issue Type | Book Built Issue |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Meesho IPO Market Lot
The Meesho IPO minimum market lot is 135 shares with ₹14,985 application amount. The retail investors can apply up-to 13 lots with 1,755 shares of ₹1,94,805 amount.
| 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 | Share Offered | -% Shares |
| Anchor Investor | 21,97,78,524 Shares | 45% |
| QIB (Ex. Anchor) | 14,65,19,017 Shares | 30% |
| NII Shares Offered | 7,32,59,508 Shares | 15% |
| Retail Shares Offered | 4,88,39,672 Shares | 10% |
Meesho IPO Anchor Investors
| Anchor Bidding Date | December 2, 2025 |
| Anchor Investors List | |
| Shares Offered | 21,97,78,524 Shares |
| Anchor Size | ₹2,439.54 Cr. |
| lock-in period end date 50% shares (30 Days) | January 7, 2026 |
| lock-in period end date 50% shares (90 Days) | March 8, 2026 |
Meesho IPO Dates
The Meesho IPO date is December 3 and the close date is December 5. The Meesho IPO allotment will be finalized on December 8 and the IPO listing on December 10.
| IPO Open Date: | December 3, 2025 |
| IPO Close Date: | December 5, 2025 |
| Basis of Allotment: | December 8, 2025 |
| Refunds: | December 9, 2025 |
| Credit to Demat Account: | December 9, 2025 |
| IPO Listing Date: | December 10, 2025 |
| IPO Bidding Cut-off Time: | December 5, 2025 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are Vidit Aatrey and Sanjeev Kumar.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 4,13,02,48,118 | 18.51% |
| Promoter Holding Post Issue | 4,51,31,31,000 | 14.6% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| Investment for cloud infrastructure, in MTPL, our Subsidiary | ₹1,390 |
| 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 |
| Investment in MTPL, our Subsidiary, for expenditure towards marketing and brand initiatives | ₹1,020 |
| Funding inorganic growth through acquisitions and other strategic initiatives and general corporate purposes | ₹- |
About Meesho IPO
Since its launch in 2015, Meesho Limited has become India's largest e-commerce platform by bringing together four key groups: buyers, sellers, logistics partners, and content creators. Meesho operates as a value-focused platform by offering customers "everyday low prices," making online shopping easy, affordable, and attractive. From low-priced unbranded items to regional and national brands, everything is available at affordable prices on Meesho.
The company uses AI/ML technology to show customers relevant products, much like window shopping in real life, making online shopping easy and enjoyable. To ensure smooth and fast delivery, its logistics network, Valmo, works with third-party delivery partners and truck operators across India. Furthermore, by 2025, Meesho plans to have over 575,465 active sellers and 213.17 million active users.
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.
Meesho IPO Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 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 |
| September 2025 | ₹5,857.69 | ₹6,290.91 | ₹700.72 | ₹6,640.39 |
Meesho IPO Valuation – FY2025
Check Meesho IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | -% |
| ROCE: | -% |
| EBITDA Margin: | -% |
| PAT Margin: | -% |
| Debt to equity ratio: | – |
| Earning Per Share (EPS): | ₹(9.98) (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | (252.37)% |
| Net Asset Value (NAV): | ₹3.68 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Eternal Limited | 0.60 | 599.57 | 2.16% | 31.42 | 20,243 Cr. |
| Swiggy Limited | (13.72) | – | (30.50)% | 40.98 | 15,226.76 Cr. |
| Brainbees Solutions Limited | (4.11) | – | (26.63)% | 91.00 | 7,659.61 Cr. |
| FSN E-Commerce Ventures Limited | 0.23 | 1112.13 | 5.21% | 4.55 | 7,949.82 Cr. |
| Vishal Mega Mart Limited | 1.40 | 107.14 | 9.85% | 13.92 | 10,716.35 Cr. |
| Trent Limited | 43.51 | 106.12 | 27.93% | 153.64 | 17,134.61 Cr. |
| Avenue Supermarts Limited | 41.61 | 101.33 | 13.63% | 329.29 | 59,358.05 Cr. |
IPO Lead Managers aka Merchant Bankers
- 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
Meesho Ltd.
3rd Floor, Tower E, Helios Business Park,
Chandana,
Kadabeesanahalli
Bengaluru, Karnataka, 560103
Email: investorrelations@meesho.com
Website: https://www.meesho.com/
IPO Registrar
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: meesho.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
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.