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... IPO Details
IPO Status
Upcoming
[3rd Dec 2025 to 5th Dec 2025]
IPO Dates
| IPO Open Date: | December 3, 2025 |
| IPO Close Date: | December 5, 2025 |
| Basis of Allotment: | December 8, 2025 |
| Credit to Demat Account: | December 9, 2025 |
| IPO Listing Date: | December 10, 2025 |
| IPO Bidding Cut-off Time: | December 5, 2025 – 5 PM |
🛒 About Meesho IPO Details
| Purpose | in 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 | ₹ |
👥 Promoters & Shareholding
| Particular | Shares | % Shares |
|---|---|---|
| Promoter Holding Pre Issue | 4,13,02,48,118 | 18.51% |
| Promoter Holding Post Issue | 4,51,31,31,000 | % |
📊 IPO Reservation
| Investor Category | Share Offered | -% Shares |
|---|---|---|
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 75% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 10% |
IPO Anchor Investors
| Anchor Bidding Date | December 2, 2025 |
| Anchor Investors List | 📝 |
| Shares Offered | [.] Shares |
| Anchor Size | [.] 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 |
📦 IPO Market Lot
- Lot Size: 135 shares
- Minimum Investment (Retail): ₹14,985
- Application: Investors can apply in multiples of 135 shares.
| Investor Type | 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 Company Financial Report
- Revenue FY2025: ₹9,900.90 crore
- Revenue FY2024: ₹7,859.24 crore
- Loss FY2025: ₹3,941.71 crore
- Loss FY2024: ₹327.64 crore
Meesho’s revenue has grown year-on-year, but losses have also increased significantly.
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 |
🔄 Peer Group Comparison
Meesho competes with other e-commerce and retail companies in India. Below is a quick comparison:
| Company | Business Segment | Revenue (FY25) | Profit/Loss (FY25) |
|---|---|---|---|
| Meesho | E-commerce marketplace | ₹9,900.90 crore | Loss ₹3,941.71 crore |
| Nykaa (FSN E-commerce Ventures) | Beauty & Lifestyle | ₹6,100+ crore | Profit |
| Avenue Supermarts (DMart) | Retail Supermarkets | ₹50,000+ crore | Profit |
| Flipkart (Private) | E-commerce marketplace | Not disclosed | Loss-making |
📈 IPO Valuation – FY2025
- Price Band: ₹105 – ₹111 per share
- Total Issue Size: ₹5,421.20 crore
- Fresh Issue: ₹4,250 crore
- Offer for Sale: 10.55 crore shares
- Estimated Market Capitalization: ~₹50,096 crore at the upper price band
The valuation reflects Meesho’s strong growth potential, though the company is still loss-making.
| 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 |
⚖️ Strengths & Risks
Strengths
- Largest E-commerce Platform: Meesho is India’s biggest platform by orders and active users.
- Strong Reach: 88% of orders come from Tier-2 and Tier-3 cities, showing deep market penetration.
- AI/ML Technology: Uses advanced algorithms to recommend products and improve customer experience.
- Affordable Shopping: Everyday Low Prices make online shopping accessible to millions.
Risks
- High Losses: Losses widened to ₹3,941.71 crore in FY2025 despite revenue growth.
- Competitive Market: Faces tough competition from Flipkart, Amazon, Nykaa, and others.
- Dependence on Logistics Partners: Relies on third-party delivery networks for smooth operations.
- Regulatory Challenges: E-commerce sector is subject to changing government policies and compliance requirements.
📝IPO Review & Key Points
- Growth Potential: Meesho has shown strong revenue growth, becoming India’s largest e-commerce platform by users.
- Losses: Despite growth, the company reported heavy losses in FY2025, which investors should consider.
- Market Reach: 88% of orders come from Tier-2 and Tier-3 cities, showing deep penetration in non-metro areas.
- Expert View: Analysts suggest subscribing for long-term investment due to growth prospects.
- GMP Trend: Grey Market Premium indicates strong investor interest, though GMP is only for news reference.
| Company Address | IPO Registrar |
|---|---|
| Meesho Ltd. 3rd Floor, Tower E, Helios Business Park, Chandana, Kadabeesanahalli Bengaluru, Karnataka, 560103 Email: investorrelations@meesho.com Website: https://www.meesho.com/ | Kfin Technologies Ltd. Phone: 04067162222, 04079611000 Email: meesho.ipo@kfintech.com Website: https://ipostatus.kfintech.com/ |
❓IPO FAQs
- What is the IPO open date? December 3, 2025
- What is the IPO close date? December 5, 2025
- What is the price band? ₹105 – ₹111 per share
- What is the lot size? 135 shares
- What is the minimum investment for retail investors? ₹14,985
- On which exchanges will Meesho IPO list? BSE & NSE
- What is the listing date? December 10, 2025
- What is the total issue size? ₹5,421.20 crore
- Who is the registrar? KFin Technologies Ltd.