Meesho IPO: Price, Analysis, Allotment, And GMP

Meesho IPO - Company Analysis

Meesho IPO, a Mainboard IPO, is a bookbuilding issue of Rs. 5,421.20 Cr by Meesho Ltd., which was previously known as FashNear Technologies Pvt. Ltd. and is a Bengaluru-based e-commerce company, and their focus was and still is the aspiring/everyday middle-class value-conscious consumer. Over the years, they have expanded their product offerings in the fashion, home and kitchen, beauty and other unbranded categories. 

Meesho is also the biggest shipment-based e-commerce in India. The following are some statistics from the RHP: 

• Meesho accounts for 29-31% of all e-commerce shipments in India.

• It also has the lowest AOV among all of the e-commerce companies.

• Meesho also has an asset-light logistics network which is Valmo, that rests completely on partners. 

The platform is focused on helping small vendors and has unbranded and small regional inventory, and as a result of the company's 0% commission policy, the introduction is also from India.  

Meesho IPO Details

The Meesho Ltd IPO open date is from Dec 03 to Dec 05, with IPO allotment on Dec 08, refund initiation on Dec 09, 2025.

The Rs. 5,421.20 Cr mainline IPO comprises a combination of fresh issue of 38.29 crore shares (Rs. 4250 Cr) and an offer for sale of 10.55 crore shares (Rs. 1171.20 Cr). The Meesho IPO listing date might be on Wednesday, 10 December 2025, and it will be listed at the BSE and NSE. The Meesho IPO price band is Rs. 105 to Rs. 111 for each Share. 

Events	Date
IPO Opening Date	December 03, 2025
IPO Closing Date	December 05, 2025
IPO Allotment Date	December 08, 2025 (Tentative)
Refund Initiation	December 09, 2025 (Tentative)
Tentative IPO Listing Date	December 10, 2025

 

Industry Outlook

If you want to apply for the IPO, click to open a Demat Account.

 

 

Company Financial 

(Amount in Cr)

Period Ended	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	7,226.09	4,160.99	3,853.35
Total Income	9,900.90	7,859.24	5,897.69
PAT	-3,941.71	-327.64	-1,671.90
EBITDA	-219.59	-230.15	-1,693.73
Net Worth	1,561.88	2,301.64	2,548.31
Total Borrowing	-	-	-

 

Cash Flows

The cash flows for various activities are shown below:

(Amount in Mn)

Net Cash Flow In Multiple Activities	FY25	FY24	FY23
Net Cash Flow Operating Activities	5,393.70	2,202.00	(23,081.91)
Net Cash Flow Investing Activities	(26,352.50)	(1,656.19)	4,983.81
Net Cash Flow Financing Activities	21,052.58	(114.17)	(118.07)

 

Revenue Bifurcation 

(Source RHP)

The Objective of The Issue

• Investment for cloud infrastructure at MTPL its subsidiary ~ Rs. 1,390 Cr.

• Payment of compensation to current employees and new hires in the machine learning, artificial intelligence, and technology teams for AI and technology development projects carried out by MTPL. ~ Rs. 480 Cr.

• An investment for marketing and brand initiatives. ~ Rs. 1,020 Cr.

• Using acquisitions, other strategic initiatives, and general corporate goals to finance inorganic growth.
  
  

Click to check the IPO application status

Listed Peers of Meesho  Ltd.

Company Name	Face Value (₹)	P/E (x)	EPS (₹)
Brainbees Solutions Limited	2	N.A.	(4.11)
FSN E-Commerce Ventures Limited	1	1,168.43	0.23
Vishal Mega Mart Limited	10	99.53	1.40
Trent Limited	1	100.87	43.51
Avenue Supermarts Limited	10	98.43	41.61
Eternal Limited	1	529.14	0.60
Swiggy Limited	1	N.A.	(13.72)

 

Valuation

KPI	Values
RoNW	-252.37%
Price to Book Value	30.16

 

Explore the Orkla India IPO.

IPO's Strengths

• Strong volume leadership: 29-31% of E-commerce shipments in India.

• The lowest cost e-commerce enablement of sellers.

• The logistics platform is Valmo, asset-light.

• Highest GMV per employee with scale among players in e-commerce.

• Strong presence in unbranded and value categories.

 

IPO Weaknesses

• Requires a high dependency on the cycle of retail demand.

• A loss-making company with highly inconsistent performance.

• A heavy burden of advertising and fulfillment costs.

• Competitive pressure, including from Amazon and Flipkart & new companies.

• The regulatory risk of e-commerce and seller compliance.

 

Meesho IPO GMP 

Meesho IPO GMP today is Rs. 35.5 as of 28 Nov 2025, while writing this information.

Meesho Limited IPO Summary

IPO Opening & Closing Date	Dec 03, 2025 to Dec 05, 2025
Face Value	Rs. 1 per Share
Issue Price	Rs. 105 to Rs. 111
Lot Size	135 Shares
Issue Size	48,83,96,721 Shares (Rs. 5,421.20 Cr)
Offer for Sale	10,55,13,839 Shares (Rs. 1,171.20 Cr)
Fresh Issue	38,28,82,882 Shares (Rs. 4,250 Cr)
Listing At	BSE, NSE
Issue Type	Book Built Issue IPO
Registrar	Kfin Technologies Ltd.

 

Meesho IPO Lot Size

The Meesho Ltd. IPO allows retail investors to invest in a minimum and maximum of 1 Lot (135 Shares) amounting to Rs. 14985 and 13 Lots (1755 Shares) amounting to Rs. 194805, respectively, while for S-HNI investors, the minimum Lot is 14 (1890 Shares) amounting to Rs. 209790.

Minimum Lot Investment (Retail)	1 Lot
Maximum Lot Investment (Retail)	13 Lots
SHNI (Minimum)	14 Lots
SHNI (Maximum)	66 Lots
BHNI (Minimum)	67 Lots

Meesho IPO Reservation

Institutional Share Portion	75%
Retail Investors' Share Portion	10%
Non-Institutional Shares Portion	15%

 

Meesho IPO Allotment Status

To check the Meesho IPO allotment status, visit the official Registrar’s website or the BSE website. Below are the website links for you.

Using BSE Website - ​BSE IPO allotment status

Promoters And Management of Meesho  Ltd.

• Vidit Aatrey.

• Sanjeev Kumar.

Pre-Issue Promoter Shareholding	18.51%
Post-Issue Promoter Shareholding	-

 

Meesho IPO Lead Managers

• Kotak Mahindra Capital Co. Ltd.

• Morgan Stanley India Co. Pvt. Ltd.

• Axis Capital Ltd. 
  
  

Dividend Policy

The company has not paid a dividend in the past three financial years.

 

Conclusion

Meesho IPO allows us to have a top-tier Bharat-focused retail e-commerce story that is backed by a significant scale of shipments, an asset-light supply chain, advanced operations within the various unbranded categories, and improved unit economies. The declared price band should be the basis to gauge valuation. Make sure to keep your level of risk for more aggressive growth companies in mind before choosing to invest.

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

Click Here To Stay Updated With The Upcoming IPOs.

DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.