Bookbuilding IPO | ₹5,421 Cr | Listed at BSE, NSE
Meesho IPO is a book build issue of ₹5,421.20 crores. The issue is a combination of fresh issue of 38.29 crore shares aggregating to ₹4,250.00 crores and offer for sale of 10.55 crore shares aggregating to ₹1,171.20 crores.
Meesho IPO bidding started from Dec 3, 2025 and ended on Dec 5, 2025. The allotment for Meesho IPO was finalized on Dec 8, 2025. The shares got listed on BSE, NSE on Dec 10, 2025.
Meesho IPO price band is set at ₹111 per share. The lot size for an application is 135. The minimum amount of investment required by an retail is ₹14,985 (135 shares) (based on upper price). The lot size investment for sNII is 14 lots (1,890 shares), amounting to ₹2,09,790, and for bNII, it is 67 lots (9,045 shares), amounting to ₹10,03,995.
Kotak Mahindra Capital Co.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Meesho IPO RHP for detailed Information.
IPO Open
Wed, Dec 3, 2025
IPO Close
Fri, Dec 5, 2025
Issue Price
₹111 per share
Market Cap (Pre-IPO)
₹50,095.75 Cr
| IPO Date | 3 to 5 Dec, 2025 |
| Listed on | Wed, Dec 10, 2025 |
| Face Value | ₹1 per share |
| Price Band | ₹105 to ₹111 |
| Issue Price | ₹111 per share |
| Lot Size | 135 Shares |
| Sale Type | Fresh Capital & OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 48,83,96,721 shares (agg. up to ₹5,421 Cr) |
| Fresh Issue | 38,28,82,882 shares (agg. up to ₹4,250 Cr) |
| Offer for Sale | 10,55,13,839 shares of ₹1 (agg. up to ₹1,171 Cr) |
| Share Holding Pre Issue | 4,13,02,48,118 shares |
| Share Holding Post Issue | 4,51,31,31,000 shares |
| BSE Script Code / NSE Symbol | 544632 / MEESHO |
| ISIN | INE0VDM01015 |
Meesho IPO offers total 48,83,96,721 shares. Out of which 36,62,97,541 (75.00%) allocated to QIB, 14,65,19,017 (30.00%) allocated to QIB (Ex- Anchor), 7,32,59,508 (15.00%) allocated to NII 4,88,39,672 (10.00%) allocated to RII and 21,97,78,524 (45.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 36,62,97,541 (75.00%) | NA |
| − Anchor Investor Shares Offered | 21,97,78,524 (45.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 14,65,19,017 (30.00%) | NA |
| NII (HNI) Shares Offered | 7,32,59,508 (15.00%) | NA |
| − bNII > ₹10L | 4,88,39,672 (10.00%) | 25,841 |
| − sNII < ₹10L | 2,44,19,836 (5.00%) | 12,920 |
| Retail Shares Offered | 4,88,39,672 (10.00%) | 3,61,775 |
| Total Shares Offered | 48,83,96,721 (100.00%) |
Investors can bid for a minimum of 135 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 135 | ₹14,985 |
| Retail (Max) | 13 | 1,755 | ₹1,94,805 |
| S-HNI (Min) | 14 | 1,890 | ₹2,09,790 |
| S-HNI (Max) | 66 | 8,910 | ₹9,89,010 |
| B-HNI (Min) | 67 | 9,045 | ₹10,03,995 |
Meesho IPO raises ₹2,439.54 crore from anchor investors. Meesho IPO Anchor bid date is December 2, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Dec 2, 2025 |
| Shares Offered | 21,97,78,524 |
| Anchor Portion (₹ Cr.) | 2,439.54 |
| Anchor lock-in period end date for 50% shares (30 Days) | Tue, Jan 6, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sat, Mar 7, 2026 |
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.
Meesho operates through two business segments:
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 Ltd.'s revenue increased by 26% and profit after tax (PAT) dropped by 1103% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 6,640.39 | 7,226.09 | 4,160.99 | 3,853.35 |
| Total Income | 5,857.69 | 9,900.90 | 7,859.24 | 5,897.69 |
| Profit After Tax | -700.72 | -3,941.71 | -327.64 | -1,671.90 |
| EBITDA | -551.87 | -219.59 | -230.15 | -1,693.73 |
| NET Worth | 968.87 | 1,561.88 | 2,301.64 | 2,548.31 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment for cloud infrastructure, in MTPL, our Subsidiary | 1,390.00 |
| 2 | 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 |
| 3 | Investment in MTPL, our Subsidiary, for expenditure towards marketing and brand initiatives | 1,020.00 |
| 4 | Funding inorganic growth through acquisitions and other strategic initiatives and general corporate purposes# | 1,197.83 |
| KPI | Mar 31, 2025 |
|---|---|
| RoNW | -252.37% |
| Price to Book Value | 30.16 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | -9.54 | -ve |
| P/E (x) | -11.63 | -ve |
| Promoter Holding | 18.51% | 14.6% |
| Market Cap | ₹50,095.75 Cr. |
Meesho is planning to raise approximately Rs 7000 crore from a mix of fresh issue and offer for sale.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs’ fees and commissions including underwriting commission, brokerage and selling commission | 13.03 |
| 2 | Selling commission/processing fee for SCSBs and Bankers to the Offer and fee payable to the Sponsor Banks for Bids made by UPI Bidders using UPI Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 0.61 |
| 3 | Fees payable to the Registrar to the Offer | 0.05 |
| 4 | Listing fees, SEBI filing fees, upload fees, the Stock Exchanges processing fees, book building software fees and other regulatory expenses | 1.80 |
| 5 | Fees payable to the other advisors to the Offer including but not limited to auditors, independent chartered accountant, industry expert, independent chartered engineer, IP counsel, Monitoring Agency and ROC consultant | 1.73 |
| 6 | Printing and stationery expenses | 0.14 |
| 7 | Advertising and marketing expenses for the Offer | 0.85 |
| 8 | Fee payable to legal counsels | 1.49 |
| 9 | Miscellaneous | 1.00 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹111.00 | ₹111.00 |
| Open | ₹161.20 | ₹162.50 |
| Low | ₹161.20 | ₹162.00 |
| High | ₹177.55 | ₹177.49 |
| Last Trade | ₹170.20 | ₹170.09 |
Meesho IPO is a main-board IPO of 48,83,96,721 equity shares of the face value of ₹1 aggregating up to ₹5,421 Crores. The issue is priced at ₹111 per share. The minimum order quantity is 135.
The IPO opens on Wed, Dec 3, 2025, and closes on Fri, Dec 5, 2025.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Meesho IPO using UPI as a payment gateway. Zerodha customers can apply in Meesho IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Meesho IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Meesho IPO opens on Wed, Dec 3, 2025 and closes on Fri, Dec 5, 2025.
Meesho IPO lot size is 135, and the minimum amount required for application is ₹14,985.
You can apply in Meesho IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Meesho IPO will be done on Monday, December 8, 2025, and the allotted shares will be credited to your demat account by Tue, Dec 9, 2025. Check the Meesho IPO allotment status.
The Meesho IPO listing date is on Wed, Dec 10, 2025.
