Meesho IPO

Meesho IPO Snapshot

Meesho, India’s value‑first e‑commerce platform that built its franchise across Tier‑2/3/4 cities, is finally heading to the public markets. The IPO blends a large fresh issue with an offer for sale (OFS) from marquee investors, giving the company growth capital while offering exits to early backers.

Core terms (as per RHP and exchanges):

• Issue size: ₹5,421.20 crore
  • Fresh issue: ₹4,250 crore
  • OFS: ₹1,171.20 crore
• Price band: ₹105–₹111 per share (face value ₹1)
• IPO window: 3^rd – 5^th  December 2025
• Allotment date (expected): 8 December 2025
• Listing date (tentative): 10 December 2025
• Exchanges: BSE and NSE
• Lot size: 135 shares
• Minimum retail application: 1 lot (135 shares ≈ ₹14,175–₹14,985)
• Investor reservation: QIB 75%, NII 15%, Retail 10%.

On the valuation front, Meesho is targeting roughly ₹52,500–53,000 crore (~USD 5.6–6 billion), implying a high single‑digit price‑to‑sales multiple on FY25 revenue.

Business & Financial Story

Meesho Ltd.'s revenue increased by 26% and profit after tax (PAT) dropped by 1103% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended	30 Sep 2025	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	6,640.39	7,226.09	4,160.99	3,853.35
Total Income	5,857.69	9,900.90	7,859.24	5,897.69
Profit After Tax	-700.72	-3,941.71	-327.64	-1,671.90
EBITDA	-551.87	-219.59	-230.15	-1,693.73
NET Worth	968.87	1,561.88	2,301.64	2,548.31
Total Borrowing	0.00	0.00	0.00	0.00
Amount in ₹ Crore

IPO Lot Size

Investors can bid for a minimum of 135 shares and in multiples thereof.  The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.

IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not less than 75% of the Offer
Retail Shares Offered	Not more than 10% of the Offer
NII Shares Offered	Not more than 15% of the Offer

 

How Will IPO Money Be Used?

According to the RHP and broker summaries, the fresh capital is earmarked for:

1. Cloud and infra investments (via its tech subsidiary) – to handle surging order volumes and data loads.
2. AI & ML team salaries and hiring – strengthening recommendation engines, fraud‑detection, cataloguing and dynamic pricing.
3. Marketing and customer acquisition – particularly in new product lines and geographies.
4. Strategic acquisitions and partnerships – in logistics, fintech or niche verticals.
5. General corporate purposes – working capital and balance‑sheet flexibility.

Key Strengths

• Strong presence in Tier‑2, Tier‑3 and smaller towns
• Unique “value commerce” model
• Technology first platform
• Revenue CAGR above 25–30% in recent years
• Strong investor and brand backing

Key Risk :-

• Still a loss making business
• Heavy dependence on cash on delivery (CoD)
• Intense competition & price pressure
• Regulatory, tax and legal overhang
• Execution and concentration risks

 

How To Apply for the Online?

• Login or Open demat account with JM Financial Services / JM PRO app: Open the JM PRO app or JM Financial Services website and log in with your credentials. 
• Locate the IPO Section: Navigate to the 'IPO' section on the platform. 
• Select IPO: Find and select the IPO from the list of open IPOs. 
• Enter the Lot Size: Specify the number of lots you want to bid for. 
• Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application. 
• Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN. 

How To Check the Allotment Status of IPO?

Steps to check IPO allotment status on JM Pro app: 

• Log in to the JM Pro app. 
• Go to the IPO Section and then to IPO Orders. 
• Select the individual IPO that you had applied for and check the allotment status. 

JM Financial Services will notify you of your IPO allotment status via push notification and email

FAQs

Q1. What are Meesho IPO dates and price band?
The IPO opens on 3 December 2025 and closes on 5 December 2025. The price band is ₹105–₹111 per share.

Q2. What is the Meesho IPO lot size and minimum investment?
One lot is 135 shares. At the upper band, the minimum application amount is about ₹14,985.

Q3. How big is the Meesho IPO?
Total issue size is ₹5,421.20 crore, comprising a ₹4,250 crore fresh issue and ₹1,171.20 crore OFS by existing investors such as Elevation Capital, Prosus , Peak XV, SoftBank , and others.

Q4. What valuation is Meesho targeting?
Media and research estimates peg the post‑money valuation around ₹52,500–53,000 crore (~USD 5.6–6 billion), roughly 5–6x FY25 revenue.

Q5. Who should consider this IPO?
Investors comfortable with:

• High‑growth, platform‑style businesses
• Value‑focused e‑commerce exposed to mass‑market India
• Volatility linked to tech valuations and competitive intensity from players like Flipkart (Walmart ) and Amazon

Q6. What are the main risks?

• Intense competition and discount wars in e‑commerce
• Execution risks in sustaining profitability while growing
• Regulatory and taxation changes (e‑commerce, data, GST)
• Heavy dependence on technology and third‑party logistics.