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Meesho Limited is a multi-sided technology platform focused on transforming
India's e-commerce landscape by connecting consumers, sellers,
logistics partners, and content creators. Their marketplace is known
for its affordability, accessibility, and discovery-led shopping
experience.
Meesho operates through two key segments:
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Marketplace: This is the core of Meesho. It enables smooth transactions between
buyers and sellers through low-cost fulfilment, advertising, and
data-driven seller tools. Revenue comes from logistics services, mall
fees, ads, seller programs, fintech interest-sharing, and various seller
programs.
- New Initiatives: Includes a low-cost local logistics network for essentials and digital
financial services that increase customer engagement and strengthen its
overall digital ecosystem.
- As of the twelve months ending September 30, 2025, Meesho has grown
to 234.20 million Annual Transacting Users and 706,471 Annual Transacting
Sellers. This growth is supported by a fast-expanding product catalog and
a steady rise in order volumes across major categories.
- Meesho’s delivery network, Valmo, collaborates with a wide range of
partners—including delivery agents, transporters, sorting centers, and
trucking services. Together, they ensure that orders are delivered
quickly, reliably, and at low cost, which is especially helpful for small
and regional sellers.
- By September 30, 2025, Meesho had a team of 2,082 full-time employees
working across technology, operations, logistics, customer experience, and
business functions, all focused on supporting the company’s rapid growth.
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Meesho IPO - Details
| Detail | Information |
|---|---|
| IPO Opening Date | 3 December 2025 |
| IPO Closing Date | 5 December 2025 |
| Issue Type | Book Built Issue IPO |
| Total Issue Size | 48,83,96,722 shares (₹5,421.20 Cr) |
| Fresh Issue | 38,28,82,883 shares (₹4,250 Cr) |
| Offer for Sale | 10,55,13,839 shares (₹1,171.20 Cr) |
| Face Value | ₹1 per share |
| Price Range | ₹105 – ₹111 |
| Market Lot | 135 shares |
| Listing On | BSE, NSE |
| Register | Kfin Technologies Ltd. |
| QIB Shares Offered | 75% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered |
10% |
Meesho IPO - Timeline
| Event | Date |
|---|---|
| IPO Opens | 3 Dec 2025 |
| IPO Closes | 5 Dec 2025 |
| Allotment | 8 Dec 2025 |
| Refunds | 9 Dec 2025 |
| Shares in Demat | 9 Dec 2025 |
| Listing Date | 10 Dec 2025 |
| UPI Cut-off Time | 5 PM, 5 Dec 2025 |
Lot Size & Pricing
| Investor Type | 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 |
Competative Strength
Meesho’s competitive edge comes from a platform built on strong, self-reinforcing flywheels, where growth in one area naturally boosts the others. The company operates with a technology-first mindset, supported by advanced AI capabilities that help improve efficiency and user experience. Its ability to consistently offer everyday low prices makes the platform highly attractive to both buyers and sellers. Along with this, Meesho has built strong trust across all stakeholders—customers, sellers, and partners, which continues to strengthen its position in the market.
Company Financial (in cr.)
| Particulars | Revenue | Expense | Profit After Tax | Borrowing |
|---|---|---|---|---|
| FY 2023 | 5,897.69 | 7,569.59 | -1,671.90 | – |
| FY 2024 | 7,859.24 | 8,173.78 | -327.64 | – |
| FY 2025 | 9,900.90 | 10,009.33 | -3,941.71 | – |
| Sept 2025 | 5,857.69 | 6,290.91 | -700.72 |
– |
Use Of IPO Funds
| Purpose | Amount (₹ Cr) |
|---|---|
| Investment in cloud infrastructure (MTPL) | 1,390 |
| Salaries for AI/ML & tech teams | 480 |
| Marketing & brand building | 1,020 |
| Acquisitions & general corporate use |
Balance |
Company Strengths
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A large, multi-sided platform connecting consumers, sellers, and logistics players.
- Strong AI-driven technology backbone.
- Ability to offer everyday low prices.
- High trust indicators like 1.29B ratings and 399M reviews.
- Wide range of products from regional, unbranded, and national sellers.
Major Risks
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Heavy dependence on logistics partners.
- High cash-on-delivery share can increase risks of failed delivery
- Limited end-to-end courier partners
- Tough competition in value e-commerce
- System or technology failures can impact operations
- Challenges in handling large and fast-growing order volumes
FAQs
1. What is the Meesho IPO?
It’s a main-board IPO priced at ₹105–₹111 per share, to be listed on the NSE and BSE.
2. When does the IPO open?
It opens on 3 December 2025.
3. What is the minimum lot size?
135 shares (₹14,985).
4. When will shares be allotted?
8 December 2025.
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