Meesho Ltd. is raising up to ₹5,421.20 crore via a book-built IPO (fresh issue + offer for sale). The issue opens on Dec 3, 2025 and closes on Dec 5, 2025. Tentative allotment is Dec 8, 2025, with refunds and demat credit on Dec 9, 2025 and tentative listing on Dec 10, 2025 on BSE & NSE.
Meesho Ltd. IPO
Mainboard Book-built Issue — BSE & NSE
UPCOMING IPOMeesho Ltd. is raising up to ₹5,421.20 crore via a book-built IPO (fresh issue + offer for sale). The issue opens on Dec 3, 2025 and closes on Dec 5, 2025. Tentative allotment is Dec 8, 2025, with refunds and demat credit on Dec 9, 2025 and tentative listing on Dec 10, 2025 on BSE & NSE.
Price band: ₹105 to ₹111. Lot size: 135 shares (retail minimum 1 lot = ₹14,985 at upper band).
| Face Value | ₹1 per share |
|---|---|
| Issue Price Band | ₹105 to ₹111 per share |
| Lot Size | 135 shares |
| Total Issue Size | 48,83,96,721 shares (aggregating up to ₹5,421.20 Cr) |
| Fresh Issue | 38,28,82,882 shares (aggregating up to ₹4,250.00 Cr) |
| Offer for Sale | 10,55,13,839 shares (aggregating up to ₹1,171.20 Cr) |
| Issue Type | Book-building IPO |
| Listing | BSE, NSE |
| Shareholding (Pre / Post) | 4,13,02,48,118 / 4,51,31,31,000 shares |
| BRLM / Registrar | Kotak Mahindra Capital Co. Ltd. / Kfin Technologies Ltd. |
| Investor Category | Reservation |
|---|---|
| QIB | Not less than 75% of the Offer |
| Retail (RII) | Not more than 10% of the Offer |
| NII | Not more than 15% of the Offer |
Bidding limits & cut-off rules:
- Only RII: Up to ₹2 lakhs — bidding at cut-off allowed.
- Only sNII: ₹2 lakhs to ₹10 lakhs — bidding at cut-off not allowed.
- Only bNII: Above ₹10 lakhs — bidding at cut-off not allowed.
| IPO Open | Wed, Dec 3, 2025 |
|---|---|
| IPO Close | Fri, Dec 5, 2025 |
| Allotment (Tentative) | Mon, Dec 8, 2025 |
| Initiation of Refunds | Tue, Dec 9, 2025 |
| Credit of Shares to Demat | Tue, Dec 9, 2025 |
| Listing (Tentative) | Wed, Dec 10, 2025 |
| UPI Mandate Cut-off | 5 PM on Fri, Dec 5, 2025 |
| 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 |
sNII = 14 lots (1,890 shares = ₹2,09,790). bNII = 67 lots (9,045 shares = ₹10,03,995). Amounts shown use the upper price band (₹111).
Meesho Limited (founded 2015) is a multi-sided technology platform operating an e-commerce marketplace that connects consumers, sellers, logistics partners and content creators. The company runs marketplace and new initiatives (including Valmo logistics and digital financial services). For 12 months ended Sep 30, 2025, Meesho reported ~706,471 annual transacting sellers and 234.20 million annual transacting users.
As of Sep 30, 2025, Meesho employed 2,082 full-time employees. The company focuses on cost-efficiency and tech investments, maintaining positive cash flow while scaling new verticals.
Selected financials (₹ Crore)
| Period | Assets | Total Income | Profit After Tax | EBITDA | Net Worth | Total Borrowing |
|---|---|---|---|---|---|---|
| 30 Sep 2025 | 6,640.39 | 5,857.69 | -700.72 | -551.87 | 968.87 | 0.00 |
| 31 Mar 2025 | 7,226.09 | 9,900.90 | -3,941.71 | -219.59 | 1,561.88 | 0.00 |
| 31 Mar 2024 | 4,160.99 | 7,859.24 | -327.64 | -230.15 | 2,301.64 | 0.00 |
KPI (as of Mar 31, 2025): RoNW -252.37% | Price/Book 30.16 | Market Capitalization ~₹50,095.75 Cr. Figures restated as per RHP/DRHP.
| 1 | Investment for cloud infrastructure in MTPL (subsidiary) — ₹1,390.00 Cr |
|---|---|
| 2 | Payment of salaries for ML/AI & technology teams at MTPL — ₹480.00 Cr |
| 3 | Investment in MTPL for marketing & brand initiatives — ₹1,020.00 Cr |
| 4 | Funding inorganic growth (acquisitions / strategic initiatives) & general corporate purposes |
Company Contact
- Meesho Ltd., 3rd Floor, Tower E, Helios Business Park, Chandana, Kadabeesanahalli, Bengaluru, Karnataka, 560103
- Email: investorrelations@meesho.com
- Website: https://www.meesho.com/
Registrar
- Kfin Technologies Ltd. — Phone: 04067162222 / 04079611000 | Email: meesho.ipo@kfintech.com
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