Meesho Ltd. IPO (Meesho IPO): Complete Details and Analysis for 2025
28 November 2025 ·
A complete guide to Meesho Ltd. IPO: GMP, subscription timeline, financials, issue size, and investment analysis.
Introduction
Meesho Ltd., one of India’s fastest-growing e-commerce platforms, is set to launch its highly anticipated IPO in December 2025. This listing marks a significant milestone for the SoftBank-backed company, which has transformed India’s value-driven online shopping ecosystem by empowering small sellers and reaching millions of consumers nationwide.
The Meesho IPO has generated strong enthusiasm among investors due to its scale, business model, and strong metrics related to seller onboarding and user growth. Below is a complete analysis covering the issue structure, price band, GMP expectations, financial performance, and listing timeline.
Meesho IPO Key Highlights
| Particulars | Details |
|---|---|
| IPO Type | Book Built Issue |
| Total Issue Size | ₹5,421.20 crore |
| Fresh Issue | ₹4,250 crore (38.29 crore shares) |
| Offer for Sale (OFS) | ₹1,171.20 crore (10.55 crore shares) |
| Price Band | ₹105 – ₹111 per share |
| Face Value | ₹1 per share |
| Lot Size | 135 shares |
| Listing Exchanges | BSE, NSE |
| IPO Open Date | December 3, 2025 |
| IPO Close Date | December 5, 2025 |
| Expected Listing Date | December 10, 2025 |
Meesho IPO Important Dates and Timeline
| Event | Date |
|---|---|
| IPO Opens | December 3, 2025 |
| IPO Closes | December 5, 2025 |
| Allotment Finalisation | December 8, 2025 |
| Refund Initiation | December 9, 2025 |
| Shares Credited to Demat | December 9, 2025 |
| Listing Date | December 10, 2025 |
| UPI Mandate Cut-off Time | 5 PM on December 5, 2025 |
Meesho IPO Lot Size and Investment
| Category | 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 GMP (Grey Market Premium)
As the IPO date approaches, the grey market is expected to reflect strong demand due to the company’s scale and market positioning. While GMP varies daily, early trends from pre-IPO discussions indicate strong interest from HNI and retail categories.
For the latest GMP, investors generally track unlisted market updates and IPO analytical portals.
About Meesho Ltd.
Founded in 2015, Meesho has rapidly emerged as a major online marketplace, playing a significant role in India’s value e-commerce revolution. Its platform connects four key stakeholders:
Consumers
Sellers
Logistics partners
Content creators
Meesho stands out due to its low-cost selling model, which enables small businesses and individual entrepreneurs to reach a broad online audience.
Business Segments
Meesho operates through two major verticals:
1. Marketplace Segment:
Generates revenue from seller services such as order fulfilment, advertising, and data insights.
Acts as the core business engine, powering seller-consumer interactions.
2. New Initiatives:
Includes its local logistics network for daily essentials.
Also includes digital financial services.
Meesho’s logistics network under Valmo integrates third-party logistics players with first-mile, last-mile partners, and trucking networks.
As of September 30, 2025:
7,06,471 annual transacting sellers
234.20 million annual transacting users
2,082 employees
These numbers highlight the platform’s widespread adoption.
Meesho Financial Performance
| Period | 30 Sep 2025 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Assets (₹ Cr) | 6,640.39 | 7,226.09 | 4,160.99 | 3,853.35 |
| Total Income (₹ Cr) | 5,857.69 | 9,900.90 | 7,859.24 | 5,897.69 |
| Profit After Tax (₹ Cr) | -700.72 | -3,941.71 | -327.64 | -1,671.90 |
| EBITDA (₹ Cr) | -551.87 | -219.59 | -230.15 | -1,693.73 |
| Net Worth (₹ Cr) | 968.87 | 1,561.88 | 2,301.64 | 2,548.31 |
| Borrowings | 0.00 | 0.00 | 0.00 | 0.00 |
Meesho IPO Reservation
| Category | Allocation |
|---|---|
| QIB | Not less than 75% |
| Retail | Not more than 10% |
| NII | Not more than 15% |
Meesho IPO: Should You Apply?
The Meesho IPO offers both opportunities and risks for investors.
Reasons Supporting the IPO
Strong brand recall in India's value e-commerce space
A large active seller base and rapidly growing user base
Cost-efficient business model
Rapid expansion into logistics and financial services
Zero debt with strong institutional backing
Risks to Consider
Continued losses due to competitive intensity
High cash burn to maintain market share
Regulatory risks related to e-commerce operations
Dependence on logistics and third-party partners
Execution risks in diversifying revenue streams
Conclusion
Meesho IPO is one of the most awaited public issues in India’s consumer tech landscape for 2025. The company’s marketplace strength, rapid user growth, and cost-effective operating model provide a strong foundation. However, the widening financial losses indicate that Meesho is prioritising scale over immediate profitability.
Investors with a long-term view on India’s e-commerce growth may find the IPO appealing, while conservative investors might prefer evaluating post-listing performance.
FAQs
1. What is the Meesho IPO GMP?
The grey market premium fluctuates frequently. While early indications show healthy demand, investors should track GMP updates close to the IPO date.
2. What is the price band for the Meesho IPO?
The price band is set at ₹105 to ₹111 per share.
3. What is the lot size of the Meesho IPO?
One lot consists of 135 shares.
4. When will Meesho IPO list on the stock exchange?
The tentative listing date is December 10, 2025.
5. Is Meesho profitable?
No. Meesho reported losses in FY2024 and FY2025 due to high operational and expansion-related expenses.
6. Is Meesho IPO good for long-term?
It may appeal to long-term investors bullish on India’s digital commerce ecosystem, but risk-averse investors should evaluate financial improvements before investing.