| Meesho IPO Review | Meesho IPO SWOT Analysis |
| How Meesho Makes Money Without Charging a Commission | Meesho IPO: 10 Key Points Investors Should Know |

Meesho IPO Description – Meesho is a leading Indian e-commerce platform that connects consumers, sellers, logistics partners, and content creators through a multi-sided technology ecosystem. Meesho ranked as India’s largest e-commerce marketplace by Placed Orders and Annual Transacting Users in the twelve months ended 30 September 2025. The platform served 23.42 crore Annual Transacting Users, of which 20.58 crore were from outside the top eight cities, with women comprising 53.27% of its user base.
Meesho’s value-driven model emphasizes affordability and accessibility, reflected in a declining Average Order Value from INR 336.71 in Fiscal 2023 to INR 274.27 in Fiscal 2025, alongside a surge in Placed Orders to 183 crore. The company operates across two segments—Marketplace and New Initiatives—and monetizes through services such as fulfilment, advertising, and data insights, maintaining a zero-commission policy for sellers.
The company’s AI/ML-powered platform drives hyper-personalized recommendations, automated cataloguing, and logistics optimization. With 7,06,471 active sellers, 18,098 logistics partners, and 50,319 content creators generating INR 1,208 crore in NMV through content commerce, Meesho demonstrates broad-scale integration. Supported by 2,082 employees, its modular, technology-first infrastructure enables low-cost, large-scale e-commerce penetration across India.

Promoters of Meesho – Vidit Aatrey and Sanjeev Kumar
Table of Contents
Meesho IPO Details
| Meesho IPO Dates | 3 – 5 December 2025 |
| Meesho Issue Price | INR 105 – 111 per share |
| Fresh issue | INR 4,250 crore |
| Offer For Sale | 10,55,13,839 shares (INR 1,107.90 – 1,171.20 crore) |
| Total IPO size | INR 5,357.90 – 5,421.20 crore |
| Minimum bid (lot size) | 135 shares (INR 14,985) |
| Face Value | INR 1 per share |
| Retail Allocation | 10% |
| Listing On | BSE, NSE |
Meesho Financial Performance
| FY 2023 | FY 2024 | FY 2025 | Q1 FY 2026 | |
| Revenue | 5,734.52 | 7,615.15 | 9,389.90 | 2,503.87 |
| Expenses | 7,569.59 | 8,173.78 | 10,009.33 | 2,777.65 |
| Net income | (1,671.90) | (327.64) | (3,941.71) | (289.36) |
| Margin (%) | (29.16) | (4.30) | (41.98) | (11.56) |
Meesho Offer News
Meesho Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 (Pre-Issue) | FY 2025 (Post-Issue) | |
| EPS | (4.43) | (0.87) | (9.98) | – |
| PE Ratio | – | – | – | – |
| FY 2023 | FY 2024 | FY 2025 | |
| RONW (%) | (65.61) | (14.24) | (252.37) |
| NAV | 6.76 | 6.10 | 3.68 |
| EBITDA (%) | (28.61) | (3.46) | (15.06) |
Meesho IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Subject to Sauda |
| 4 December 2025 | 45 | 4,700 |
| 3 December 2025 | 47 | 4,800 |
| 2 December 2025 | 42 | 3,800 |
| 1 December 2025 | 42 | 4,300 |
| 29 November 2025 | 35 | 3,300 |
| 28 November 2025 | 33 | 3,100 |
Meesho Offer Objectives
The company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- Investment for cloud infrastructure, in MTPL, its subsidiary – INR 1,390 crore
- 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 – INR 480 crore
- Investment in MTPL, its subsidiary, for expenditure towards marketing and brand initiatives – INR 1,020 crore
- Funding inorganic growth through acquisitions and other strategic initiatives, and general corporate purposes
Meesho IPO Subscription – Live Updates
21,97,78,524 shares allotted to anchor investors are not included in these calculations.
Meesho – Comparison With Listed Peer
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Meesho | – | (9.98) | (252.37) | 3.68 | 9,389.9 |
| Eternal | 599.57 | 0.58 | 2.16 | 31.42 | 20,243.0 |
| Swiggy | NA | (13.72) | (30.50) | 40.98 | 15,226.8 |
Meesho IPO Allotment Status
Meesho IPO allotment status will be available on the KFin Technologies website. Click on this link to get the allotment status.
Meesho IPO Dates & Listing Performance
| IPO Opening Date | 3 December 2025 |
| IPO Closing Date | 5 December 2025 |
| Finalization of Basis of Allotment | 8 December 2025 |
| Initiation of refunds | 9 December 2025 |
| Transfer of shares to demat accounts | 9 December 2025 |
| Meesho IPO Listing Date | 10 December 2025 |
| Opening Price on NSE | Coming soon |
| Closing Price on NSE | Coming soon |
Meesho IPO Reviews – Subscribe or Avoid?
Aditya Birla – Subscribe
Anand Rathi – Subscribe for long term
Axis Capital – Not rated
Antique Stock Broking –
Arihant Capital –
Ashika Research –
Asit C Mehta –
BP Wealth – Subscribe
Capital Market – Neutral
Canara Bank Securities –
Choice Broking –
Dalal & Broacha –
Elite Wealth –
GCL Broking –
Geojit –
GEPL Capital –
Hem Securities –
ICICIdirect – Subscribe
Investmentz –
Jainam Broking –
DR Choksey –
Mehta Equities – Subscribe for long term
Marwadi Financial – Subscribe with Caution
Motilal Oswal –
Nirmal Bang – Subscribe
SMIFS – Subscribe
SBI Securities – Subscribe for long term
Samco Securities – Subscribe for listing gain
SMC Global – 1.5/5
Swastika Investmart – Subscribe
Ventura Securities – Not rated
Meesho IPO Lead Manager
KOTAK MAHINDRA CAPITAL COMPANY LIMITED
1st Floor, 27 BKC, Plot No. C – 27 “G” Block, Bandra Kurla Complex
Bandra (East) Mumbai 400 051
Phone: +91 22 4336 0000
Email: [email protected]
Website: www.investmentbank.kotak.com
Meesho Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower-B, Plot No. 31 and 32,
Financial District Nanakramguda,
Serilingampally, Hyderabad – 500 032
Phone: +91 40 6716 2222/18003094001
Email: [email protected]
Website: www.kfintech.com
Meesho Contact Details
MEESHO LIMITED
3rd Floor, Wing-E, Helios Business Park,
Kadubeesanahalli Village, Varthur Hobli,
Outer Ring Road, Bengaluru, 560 103, Karnataka
Phone: +91 91080 21923
Email: [email protected]
Website: www.messho.com
Meesho IPO FAQs
How many shares in the Meesho IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%.
How to apply in the Meesho Public Offer?
The best way to apply for Meesho public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stockbroker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is the Meesho IPO GMP today?
Meesho IPO GMP today is INR 45 per share.
What is Meesho Subject to Sauda rate today?
Meesho Subject to Sauda rate today is INR 4,700 per application.











































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