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MainLine NSE • BSE Financial Services

Meesho Ltd IPO

Tech-led NBFC delivering AI/ML driven retail credit across Tier-2 & Tier-3 India.

Listed
Price Band ₹111 per share per share
Lot Size 135 Shares
Min. Investment ₹14985
Issue Size ₹5421.2 Cr
Face Value ₹1
IPO Open 03 December 2025
IPO Close 05 December 2025
Allotment 08 Dec 2025
Listing 10 Dec 2025
Live demand

Subscription status for Meesho Ltd IPO

As of 11 Nov 26, 10:22 AM. Will get Updated in every 30 minutes

QIB -

Qualified Institutional Buyers

NII -

Non-Institutional Investors

Retail -

Retail Individual Investors

Total -

Across all investor categories

Key dates

IPO schedule for Meesho Ltd

From the day bidding opens to listing — every milestone you need to track.

IPO Open 03 Dec 2025
IPO Close 05 Dec 2025
Allotment 08 Dec 2025
Refund / Unblock 09 Dec 2025
Listing 10 Dec 2025
About the company

Who is Meesho Ltd ?

Meesho Limited was originally incorporated as 'FashNear Technologies Private Limited' at Bengaluru, Karnataka as a private limited Company

dated August 13, 2015 with the Registrar of Companies. Thereafter, name of the Company was changed to 'Meesho Private Limited' on May 13, 2025 from the Central Processing Centre. Upon the conversion of Company into a public limited company, the name of Company was changed to 'Meesho Limited' w.e.f. June 10, 2025 issued by the Central Processing Centre.

Meesho is a multi-sided technology platform driving e-commerce in India by connecting four key stakeholders: consumers, sellers, logistics partners, and content creators. The value-focused ecommerce marketplace serves consumers from diverse income backgrounds across India by offering Everyday Low Prices.'

Sellers on Meesho include manufacturers, wholesalers, and traders. The Company engage with logistics partners, encompassing first and last-mile delivery businesses, sorting centres, and truck operators, to ensure cost efficient order fulfilment. Content creators on Meesho enhance product discovery and drive sales by sharing engaging content.

Apart from these, the artificial intelligence/machine learning (AI/ML) led algorithms are designed to deliver a personalised, discovery led shopping experience to consumers similar to an offline window shopping experience, making online shopping easy and engaging for consumers. Company monetise the business platform through services that are provided to sellers on Meesho such as order fulfilment, advertising and data insights. Further, it do not charge sellers any commission and do not charge any platform fee to consumers on Meesho. This platform scale and ecosystem integration also launches and scale New Initiatives such as low cost local logistics network for daily

essentials and financial services platform where regulated partners offer financial services.

Pursuant to the Scheme, approved by the National Company Law Tribunal, Bengaluru Bench on May 27, 2025, the E-commerce Undertaking of the Company demerged into Meesho Technologies Private Limited (MTPL); and the Grocery Undertaking of the Company got demerged into Meesho Grocery Private Limited (MGPL) as a going concern effective from June 15, 2025 and subsequently, Meesho Inc. was merged into the Company effective from June 21, 2025.

The Company launched the IPO of 488,396,721 equity shares of Rs 1 each and raised Rs 5421 crore, which comprise a fresh issue of 382,882,882 equity shares amounting to Rs 4250 crore and the offer for sale of 105,513,839 equity shares amounting to Rs 1171.2 crore on 5th December, 2025.

Valmo Transportation Private Limited (VTPL) was incorporated as a wholly owned subsidiary of the Company on January 12, 2026.

Financial track record

Financials at a glance

Three-year trajectory of revenue, profit and assets — restated as per the RHP.

Revenue PAT Total Assets
FY 2026
FY 2025
FY 2024
Metric (₹ Cr)FY 2026FY 2025FY 2024
Total Income7,805.749,899.047,858.90
EBITDA27,532.77-1,355.74-253.97
PAT27,331.12-3,883.39-318.45
AUM34,418.147,258.254,167.81

Strengths & Risks

A balanced look at what works in the company's favour and what investors should watch.

Strengths

  • Our platform is built on multiple scaled self-reinforcing flywheels.
  • Our technology-first mindset with focus on AI driven solutions.
  • Delivering `everyday low prices' to consumers structurally.
  • Trusted layer among our stakeholders.
  • Ability to scale in a capital efficient manner.
  • Organisation built on culture of agility and innovation, with experienced management team.

Risks

  • NO DATA AVAILABLE

Meesho Ltd IPO — frequently asked questions

The Meesho Ltd IPO opens on 03 December 2025 and closes on 05 December 2025. Bidding is accepted from 10:00 AM on the open date until 5:00 PM on the close date. The IPO is available to all eligible investors including retail individual investors, non-institutional investors, and qualified institutional buyers.
The price band for Meesho Ltd IPO is Rs 111 to Rs 111 per share. The lot size is 135 shares per lot, requiring a minimum investment of Rs 14985 at the upper price band. Investors must apply for a minimum of one lot and can apply for up to 135 lots as per SEBI guidelines.
You can apply for the Meesho Ltd IPO through the Chola Securities app or web platform using UPI or ASBA. Log in to your account, navigate to the IPO section, select Meesho Ltd from the open IPOs list, enter your bid quantity and price within the price band, and submit your application. You need an active demat account, a linked bank account, and a valid PAN to apply. Bidding closes on 05 December 2025 at 5:00 PM.
Allotment for Meesho Ltd IPO is scheduled on 08 Dec 2025. Refunds or unblocking of funds for unsuccessful applicants will be processed on 09 Dec 2025. The shares are expected to list on 10 Dec 2025. You can check your allotment status on the Chola Securities IPO page or through the registrar's website using your PAN.
Chola Securities' research team has reviewed the Meesho Ltd IPO based on the company's financials, business model, valuation, and sector outlook. The recommendation is available on this page. Investors are advised to read the full IPO note along with the company's Red Herring Prospectus before making an investment decision.
Yes, you can revise or withdraw your Meesho Ltd IPO bid before the subscription window closes on 05 December 2025 at 5:00 PM. Revisions can include changing the quantity or price within the allowed price band. To withdraw, cancel your application through the platform before the closing time. Once the subscription period ends, no further changes are permitted.
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