The Meesho Initial Public Offer (IPO) is a book-built offering worth ₹5,421.20 Cr. It comprises a fresh issue of 38,28,82,882 shares up to ₹4,250 Cr and offer-for-sale of 105,513,839 shares up to ₹1,171.20 Cr.
The Meesho IPO opens on 3 December 2025 and closes on 5 December 2025, and the allotment is likely to be finalised on 8 December 2025. The IPO shares are approved for listing on the BSE and NSE on 10 December 2025.
The price band for the Meesho IPO is ₹105 to ₹111 for each share. The minimum retail bid is 1 lot of 135 shares, requiring ₹14,985 of investment at the upper band. For the sNII, the minimum bid is 14 lots with 1,890 shares, costing ₹2,09,790, while bNII investors need to apply for 67 lots, that is 9,045 shares, totaling to ₹10,03,995.
Meesho IPO Details
The table highlights Meesho IPO details in India, such as the bid window, Meesho IPO price band, and fresh issue size.
| Bid Opening Date | 3 December 2025 |
| Bid Closing Date | 5 December 2025 |
| Face Value | ₹1 |
| Price Band | ₹105 to ₹111/share |
| Issue Price | – |
| IPO Lot Size | 135 Shares |
| Sale Type | Fresh issue plus offer-for-sale |
| Offer for Sale | 105,513,839 shares (₹1,171.20 Cr) |
| Fresh Issue | 38,28,82,882 shares (₹4,250.00 Cr) |
| Issue Type | Book Built IPO |
| Listing | BSE & NSE |
| Total Issue Size (₹ Cr) | 48,83,96,721 shares (₹5,421.20 Cr) |
| Market Maker Reservation | – |
| Net Offering to the Public | – |
| Minimum Investment(₹) | ₹14,985 |
| Retail Discount | – |
| Employee Discount | – |
Meesho IPO Timeline
This table shows the entire timeline of the Meesho IPO dates:
| Bidding Period Opens | 3 December 2025 |
| Bidding Period Closes | 5 December 2025 |
| Allotment Date | 8 December 2025 |
| Refunds Initiation | 9 December 2025 |
| Shares Credited to demat | 9 December 2025 |
| Listing Date | 10 December 2025 |
| Deadline for UPI Mandate Confirmation | 5 PM, 5 December 2025 |
Meesho IPO Grey Market Premium (GMP)
Meesho IPO GMP today held at ₹29. A climbing GMP basically shows the hype is building, and more investors are jumping in.
| Date | GMP (₹) | Estimated Listing Price | Estimated Listing Gain | Trend |
| 28 November 2025 | ₹29 | ₹140 (26.13%) | ₹3,915 | ⬇️Decreased |
| 27 November 2025 | ₹33 | ₹33 (0.00%) | – | – |
The GMP is an unofficial indicator of how much buzz an IPO is getting, shaped by market mood, early investor interest, and how strongly the issue gets subscribed once it opens.
GMP percentage: Meesho IPO
As the Meesho IPO GMP is ₹29, at a 26.13% premium, as of 28 November 2025, and the estimated listing price is around ₹140, well above the ₹111 upper band, it hints at a strong debut sentiment.
Meesho IPO Reservation
Check out the detailed summary of the Meesho IPO shares reservation:
| Category | % of Shares Offered | Shares offered |
| QIBs | Minimum 75% | – |
| Retail Investors | Maximum 10% | – |
| NII (HNI) | Maximum 15% | – |
| Total Shares Offered | 100% | 48,83,96,721 |
Meesho Limited Key Performance Indicator
Check out Meesho’s financials: ROE, debt-equity, PAT margin. Check out how they’ve trended over the past few years!
| KPIs | 2025 | 2024 | 2023 |
| ROE (%) | – | – | – |
| ROCE (%) | – | – | – |
| Debt-Equity Ratio (in times) | – | – | – |
| RoNW (%) | -252.37 | -14.24 | -65.61 |
| PAT Margin (%) | – | – | – |
| EBITDA Margin (%) | – | – | – |
| Price-Book Value | – | – | – |
Meesho Ltd. Financials
| Aspect | 2025 (₹ Lakhs) | 2024 (₹ Lakhs) | 2023 (₹ Lakhs) |
| Revenue | 9,900.90 | 7,859.24 | 5,897.69 |
| Total Asset | 7,226.09 | 460.10 | 3,853.35 |
| Profit/Loss | (3,941.71) | (327.64) | (1,671.90) |
Meesho IPO Lot Size
This table summarises the Meesho IPO lot size and the minimum amount needed to be invested across different investor categories:
| Application | Lot Size | Shares | Amount(in ₹) |
| Retail Investors (Minimum) | 1 | 135 | 14,985 |
| Retail Investors (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 |
Promoter Holding: Meesho Ltd.
The Meesho Ltd. promoters, Vidit Aatrey and Sanjeev Kumar, hold the following shareholding percentages before and after the IPO:
| Pre-Issue Holding | 18.51% |
| Post-Issue Holding | – |
Meesho IPO Anchor Investors Details
The anchor investors’ details for the Meesho IPO for review:
| Bidding Date | 2 December 2025 |
| Shares to be Offered | – |
| Anchor Investor Portion Size (In Cr.) | – |
| Lock-in expiry for 50% of the shares (30 days) | 7 January 2026 |
| Lock-in expiry for the remaining shares (90 days) | 8 March 2026 |
Meesho IPO Prospectus
Review the Meesho IPO DRHP, RHP, and Final Prospectus filed with SEBI for more information.
About Meesho Ltd.
| Founded in | 13 August 2015 |
| Chairman & Managing Director | Vidit Aatrey |
| Parent Organisation | – |
| Services/Products Offered | E-commerce marketplace & mobile app |
| Book running lead managers | Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited, Morgan Stanley India Company Private Limited, Axis Capital Limited, and Citigroup Global Markets India Private Limited |
| Registrar of the issue | KFin Technologies Limited |
Meesho IPO Objectives
Meesho Ltd. intends to use the funds raised from the IPO in the following way:
| Particulars | Amount (in ₹ lakh) |
| Investment for cloud infrastructure, in Subsidiary MTPL | 1,390 |
| Payment of salaries & technology development by Subsidiary MTPL | 480 |
| Expenditure towards marketing and brand initiatives for MTPL | 1,020 |
| Funding acquisitions and other strategic initiatives, & general corporate purposes | – |
Meesho Ltd.: Strengths
- Scale & user base: The company’s massive and fast-growing shopper base creates serious network effects and keeps the flywheel spinning.
- AI-driven personalisation: The company’s in-house AI/ML stack powers smart recommendations, clean catalogues, and tight risk controls, giving the platform a tech-first edge.
- Low-cost seller model: The company has zero commission and easy seller tools, which attract value-driven sellers who want to reach without the heavy fees.
- Diversified monetisation & new bets: The company is building revenue through seller services, logistics, and fintech, giving it more ways to grow.
Meesho Ltd.: Risks
- Ongoing Losses: The company has reported losses for the past 3 years and may continue to do so without tighter cash control.
- Losing Consumers: The company risks major damage if the users stop showing up or engaging on the platform.
- Losing Sellers: The company’s growth can slow sharply if it fails to attract and retain active sellers.
- Tech & System Issues: The company could fall behind if its platform glitches or its tech stack doesn’t upgrade fast enough.
Meesho IPO Review
The Meesho IPO brings a strong growth story backed by a massive user base, strong tech capabilities, and a low-cost seller ecosystem. The GMP trend hints at healthy debut sentiment.
Still, the continued losses, platform risks, and dependency on seller and user retention make it a play for investors comfortable with growth-stage volatility rather than guaranteed stability.
Other Recent IPO List
Explore more Indian IPOs, currently open and upcoming in 2025:
| Clear Secured IPO | Purple Wave Infocom IPO |
| Exato Technologies IPO | Mother Nutri Foods IPO |
| Logiciel Solutions IPO | K K Silk Mills IPO |
| Ravelcare IPO | SSMD Agrotech IPO |
Meesho IPO FAQs
The Meesho IPO is a ₹5,421.20 Cr book-built issue that includes a fresh issue of 38.28 Cr shares and an offer for sale of 10.55 Cr shares. It aims to raise funds for cloud infrastructure, tech development, marketing, acquisitions, and general corporate use.
The interested investors can apply through their stockbroker or any UPI-enabled trading app by selecting the Meesho IPO, entering the bid details, and confirming the UPI mandate before the deadline.
Meesho Ltd. shows strong growth, a strong user base, and a cost-efficient seller ecosystem. However, it faces consistent losses, platform risks, and dependency on user and seller retention. It suits investors comfortable with growth-stage volatility rather than those seeking stable and proven profitability.
The Meesho IPO GMP stands at ₹29, implying an estimated listing price near ₹140, above the ₹111 upper band. This points to optimistic debut sentiment, though GMP is only sentiment-driven and not a guaranteed return indicator.
The Meesho IPO opens for bidding on 3 December 2025 and closes on 5 December 2025.
The lot size for the Meesho IPO is 135 shares, requiring a minimum investment of ₹14,985 at the upper price, for the retail investors.
The Meesho IPO allotment is expected to be finalised on 8 December 2025, with refunds and demat credits on 9 December 2025.
The Meesho IPO shares are approved for listing on the BSE and NSE on 10 December 2025.
