Meesho IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Dec 03 to Dec 05 2025
Price Band
₹105 - 111
Current GMP
₹162.5 (+46.40%)
Subscription
81.76 times
IPO Details
| IPO Date | Wed, Dec 3, 2025 to Fri, Dec 5, 2025 |
| Listing Date | Wed, Dec 10, 2025 |
| Face Value | ₹ 1 per share |
| Price Band | ₹105 to ₹111 |
| Issue Price | ₹111 per share |
| Lot Size | 135 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 48,83,96,721 shares (aggregating up to ₹ 5,421.20 Cr) |
| Fresh Issue | 38,28,82,882 shares (aggregating up to ₹ 4,250.00 Cr) |
| Offer for Sale | 10,55,13,839 shares of ₹ 1 (aggregating up to ₹ 1,171.20 Cr) |
| Share Holding Pre Issue | 4,13,02,48,118 shares |
| Share Holding Post Issue | 4,51,31,31,000 shares |
| BSE Script Code / NSE Symbol | 544632 / MEESHO |
| ISIN | INE0VDM01015 |
IPO Date
Wed, Dec 3, 2025 to Fri, Dec 5, 2025
Listing Date
Wed, Dec 10, 2025
Face Value
₹ 1 per share
Price Band
₹105 to ₹111
Issue Price
₹111 per share
Lot Size
135 Shares
Sale Type
Fresh Capital-cum-Offer for Sale
Issue Type
Bookbuilding IPO
Listing At
BSE, NSE
Total Issue Size
48,83,96,721 shares (aggregating up to ₹ 5,421.20 Cr)
Fresh Issue
38,28,82,882 shares (aggregating up to ₹ 4,250.00 Cr)
Offer for Sale
10,55,13,839 shares of ₹ 1 (aggregating up to ₹ 1,171.20 Cr)
Share Holding Pre Issue
4,13,02,48,118 shares
Share Holding Post Issue
4,51,31,31,000 shares
BSE Script Code / NSE Symbol
544632 / MEESHO
ISIN
INE0VDM01015
IPO Subscription Details
| Anchor Investors | 1 |
| QIB (Ex Anchor) | 123.34 |
| Non-Institutional Buyers | 39.85 |
| bNII (bids above ₹10L) | 43.64 |
| sNII (bids below ₹10L) | 32.28 |
| Retail Investors | 19.89 |
| Total ** | 81.76 |
Anchor Investors
1
QIB (Ex Anchor)
123.34
Non-Institutional Buyers
39.85
bNII (bids above ₹10L)
43.64
sNII (bids below ₹10L)
32.28
Retail Investors
19.89
Total **
81.76
Day Wise Sub
| Day | QIB (Ex Anchor) | NII | NII (> ₹10L) | NII (< ₹10L) | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 Dec 3, 2025 | 2.18 | 1.90 | 1.61 | 2.47 | 4.13 | 2.46 |
| Day 2 Dec 4, 2025 | 7.15 | 9.63 | 8.82 | 11.25 | 9.65 | 8.28 |
| Day 3 Dec 5, 2025 | 123.34 | 39.85 | 43.64 | 32.28 | 19.89 | 81.76 |
DayDay 1
Dec 3, 2025
QIB (Ex Anchor)2.18
NII1.90
NII (> ₹10L)1.61
NII (< ₹10L)2.47
Retail4.13
Total2.46
DayDay 2
Dec 4, 2025
QIB (Ex Anchor)7.15
NII9.63
NII (> ₹10L)8.82
NII (< ₹10L)11.25
Retail9.65
Total8.28
DayDay 3
Dec 5, 2025
QIB (Ex Anchor)123.34
NII39.85
NII (> ₹10L)43.64
NII (< ₹10L)32.28
Retail19.89
Total81.76
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 08-12-2025 | 111.00 | 39(35.14%) | 150 |
| 07-12-2025 | 111.00 | 42(37.84%) | 153 |
| 06-12-2025 | 111.00 | 42.5(38.29%) | 153.5 |
| 05-12-2025 | 111.00 | 46.5(41.89%) | 157.5 |
| 04-12-2025 | 111.00 | 49.5(44.59%) | 160.5 |
| 03-12-2025 | 111.00 | 45(40.54%) | 156 |
| 02-12-2025 | 111.00 | 49(44.14%) | 160 |
| 01-12-2025 | 111.00 | 46.5(41.89%) | 157.5 |
| 30-11-2025 | 111.00 | 42(37.84%) | 153 |
| 29-11-2025 | 111.00 | 40(36.04%) | 151 |
| 28-11-2025 | 111.00 | 36(32.43%) | 147 |
| 27-11-2025 | 0 | 33(0.00%) | 33 |
Date08-12-2025
Price111.00
GMP39(35.14%)
Estimate List Price150
Date07-12-2025
Price111.00
GMP42(37.84%)
Estimate List Price153
Date06-12-2025
Price111.00
GMP42.5(38.29%)
Estimate List Price153.5
Date05-12-2025
Price111.00
GMP46.5(41.89%)
Estimate List Price157.5
Date04-12-2025
Price111.00
GMP49.5(44.59%)
Estimate List Price160.5
Date03-12-2025
Price111.00
GMP45(40.54%)
Estimate List Price156
Date02-12-2025
Price111.00
GMP49(44.14%)
Estimate List Price160
Date01-12-2025
Price111.00
GMP46.5(41.89%)
Estimate List Price157.5
Date30-11-2025
Price111.00
GMP42(37.84%)
Estimate List Price153
Date29-11-2025
Price111.00
GMP40(36.04%)
Estimate List Price151
Date28-11-2025
Price111.00
GMP36(32.43%)
Estimate List Price147
Date27-11-2025
Price0
GMP33(0.00%)
Estimate List Price33
IPO Important Dates
| IPO Open Date | Wed, Dec 3, 2025 |
| IPO Close Date | Fri, Dec 5, 2025 |
| Tentative Allotment | Mon, Dec 8, 2025 |
| Initiation of Refunds | Tue, Dec 9, 2025 |
| Credit of Shares to Demat | Tue, Dec 9, 2025 |
| Tentative Listing Date | Wed, Dec 10, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Dec 5, 2025 |
IPO Open Date
Wed, Dec 3, 2025
IPO Close Date
Fri, Dec 5, 2025
Tentative Allotment
Mon, Dec 8, 2025
Initiation of Refunds
Tue, Dec 9, 2025
Credit of Shares to Demat
Tue, Dec 9, 2025
Tentative Listing Date
Wed, Dec 10, 2025
Cut-off time for UPI mandate confirmation
5 PM on Fri, Dec 5, 2025
IPO Lot Size
| Application | 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 |
ApplicationRetail (Min)
Lots1
Shares135
Amount₹14,985
ApplicationRetail (Max)
Lots13
Shares1,755
Amount₹1,94,805
ApplicationS-HNI (Min)
Lots14
Shares1,890
Amount₹2,09,790
ApplicationS-HNI (Max)
Lots66
Shares8,910
Amount₹9,89,010
ApplicationB-HNI (Min)
Lots67
Shares9,045
Amount₹10,03,995
Financial Information
| 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 |
Period EndedAssets
30 Sep 20256,640.39
31 Mar 20257,226.09
31 Mar 20244,160.99
31 Mar 20233,853.35
Period EndedTotal Income
30 Sep 20255,857.69
31 Mar 20259,900.90
31 Mar 20247,859.24
31 Mar 20235,897.69
Period EndedProfit After Tax
30 Sep 2025-700.72
31 Mar 2025-3,941.71
31 Mar 2024-327.64
31 Mar 2023-1,671.90
Period EndedEBITDA
30 Sep 2025-551.87
31 Mar 2025-219.59
31 Mar 2024-230.15
31 Mar 2023-1,693.73
Period EndedNET Worth
30 Sep 2025968.87
31 Mar 20251,561.88
31 Mar 20242,301.64
31 Mar 20232,548.31
Period EndedTotal Borrowing
30 Sep 20250.00
31 Mar 20250.00
31 Mar 20240.00
31 Mar 20230.00
Key Performance Indicator
| RoNW | -252.37% |
| Price to Book Value | 30.16 |
RoNW
-252.37%
Price to Book Value
30.16
IPO Reservation
| QIB Shares Offered | 36,62,97,541 (75.00%) |
| − Anchor Investor Shares Offered | 21,97,78,524 (45.00%) |
| − QIB (Ex. Anchor) Shares Offered | 14,65,19,017 (30.00%) |
| NII (HNI) Shares Offered | 7,32,59,508 (15.00%) |
| − bNII > ₹10L | 4,88,39,672 (10.00%) |
| − sNII < ₹10L | 2,44,19,836 (5.00%) |
| Retail Shares Offered | 4,88,39,672 (10.00%) |
| Total Shares Offered | 48,83,96,721 (100.00%) |
QIB Shares Offered
36,62,97,541 (75.00%)
− Anchor Investor Shares Offered
21,97,78,524 (45.00%)
− QIB (Ex. Anchor) Shares Offered
14,65,19,017 (30.00%)
NII (HNI) Shares Offered
7,32,59,508 (15.00%)
− bNII > ₹10L
4,88,39,672 (10.00%)
− sNII < ₹10L
2,44,19,836 (5.00%)
Retail Shares Offered
4,88,39,672 (10.00%)
Total Shares Offered
48,83,96,721 (100.00%)
Information about company
Incorporated in 2015, Meesho Limited is a multi-sided technology platform driving e-commerce in India by connecting four key stakeholders — consumers, sellers, logistics partners, and content creators. The company operates its e-commerce marketplace under the brand name Meesho , enabling consumers to access a wide range of affordable products while offering sellers a low-cost platform to grow their businesses.
Meesho operates through two business segments:
The company has demonstrated strong operational growth, with a steady rise in placed orders and a broadening base of transacting users and sellers. For the twelve months ended September 30, 2025, Meesho had 706,471 annual transacting sellers and 234.20 million annual transacting users .
Its logistics network, operated under Valmo , integrates third-party logistics providers, including first and last-mile delivery partners, sorting centres, and truck operators, to ensure efficient order fulfilment across India. As of September 30, 2025, Meesho employed 2,082 full-time employees.
The company’s focus on cost efficiency and technological innovation has enabled it to maintain a positive cash flow position while strategically investing in new business verticals to expand its digital ecosystem.
Objectives of IPO
The Company Meesho IPO proposes to utilise the Net Proceeds from the Issue towards the following objects: S.No. Objects of the Issue Expected Amount (₹ in crores) 1 Investment for cloud infrastructure, in MTPL, our Subsidiary 1,390.00 2 Payment of salaries of the existing and replacement hires for the Machine Learning and AI and technology teams for AI and technology development undertaken by MTPL, the Subsidiary 480.00 3 Investment in MTPL, our Subsidiary, for expenditure towards marketing and brand initiatives 1,020.00 4 Funding inorganic growth through acquisitions and other strategic initiatives and general corporate purposes# 1,197.83
Disclaimer
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