Meesho Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹111
Per ShareLot Size
135 Shares
Minimum Investment
₹14,985
Issue Size
₹5,421.2 Cr
Face Value
₹1
Per ShareIPO Type
Book Building
Retail Quota
10%
QIB Quota
75%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Meesho Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
18.5%
Promoter Holding (Post-Issue)
16.76%
Issue Type
Book Building
ISIN
INE0VDM01015
About the Company
Meesho is a multi-sided technology platform driving e-commerce in India by connecting four key stakeholders: consumers, sellers, logistics partners, and content creators. Our value-focused ecommerce marketplace serves consumers from diverse income backgrounds across India by offering `Everyday Low Prices.' This is made possible by providing a low-cost channel for sellers, which in turn allows them to offer a wide assortment of products at affordable prices to consumers. Sellers on Meesho include manufacturers, wholesalers, and traders. We 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. Our platform is designed to deliver a personalised discovery led shopping experience to consumers, making online shopping easy and engaging for consumers. We monetize our platform through services that are provided to sellers such as order fulfilment, advertising, and data insights.
Industry Overview
Organised retail in India comprises two primary formats, organised brick and mortar and e-commerce. E-commerce is a retail format that facilitates buying and selling of goods over the internet. While organised brick and mortar presence is constrained by physical limitations, e-commerce has enabled broader geographic reach through its digital-first approach. India's e-commerce market is currently sized at Rs.6 trillion in terms of gross merchandise value (GMV) and is projected to reach Rs.15-18 trillion, penetrating 12-13% of India retail market by Fiscal 2030. Majority of new online shoppers are projected to come from tier 2+ cities, which are projected to account for 51-52% of India's e-commerce market by Fiscal 2030, up from 44% in Fiscal 2025. This growth is supported by several factors - internet adoption, smartphone penetration, low data costs, digital payments, and logistics improvements. While the number of online shoppers increases, e-commerce penetration remains low. Most retail categories continue to show limited online penetration. Within this landscape, value focused commerce has emerged. Value focused e-commerce runs on discovery-led purchase journey, and provision of wide, deep and affordable assortment of products. It monetizes largely through digital advertisements, owing to low commission structures and a large base of small-scale sellers. As digital infrastructure improves and consumer behavior evolves, e-commerce is expected to be a key driver of retail growth.
Company History
Our Company was originally incorporated as "FashNear Technologies Private Limited" at Bengaluru, Karnataka as a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation dated August 13, 2015 issued by the Registrar of Companies, Karnataka at Bengaluru ("RoC"). Thereafter, pursuant to a resolution passed by our Board dated April 22, 2025 and special resolution passed by our Shareholders dated April 23, 2025, the name of our Company was changed to "Meesho Private Limited" and our Company received a certificate of incorporation pursuant to change of name dated May 13, 2025 from the Registrar of Companies, Central Processing Centre. Upon the conversion of our Company into a public limited company, pursuant to a resolution passed by our Board dated June 5, 2025 and a special resolution passed by our shareholders dated June 5, 2025, the name of our Company was changed to "Meesho Limited", and a fresh certificate of incorporation consequent upon conversion to public company dated June 10, 2025 was issued by the Registrar of Companies, Central Processing Centre.
Products & Services
- Meesho is a multi-sided technology platform driving e-commerce in India by connecting four key stakeholders: consumers, sellers, logistics partners, and content creators.
Growth Strategy
- Increase consumer base and their transaction frequency by expanding our product listings and seller base.
- Further invest in technology and product development and enhance our AI capabilities.
- Deepen our ability to make e-commerce affordable and accessible.
- Increase our cash flow generation by enhancing platform monetization.
- Drive innovation through Horizon 2 Initiatives.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering of 488,396,722 equity shares of face value of Re. 1 each ("Equity Shares") of Meesho Limited ("Company") for cash at a price of Rs. 111 per equity share (Including Securities Premium of Rs. 110 Per Equity Share) ("Offer Price") aggregating to Rs. 5421.2 Crores ("Offer"). the offer comprises a fresh issue of 382,882,882 equity shares of face value of Re. 1 by the company aggregating to Rs. 4250.00 Crores ("Fresh Issue") and an offer for sale of 105,513,839 equity shares of face value of Rs. 1 each aggregating to Rs. 1171.20 Crores, comprising 16,000,000 equity shares of face value of Re. 1 each aggregating to Rs. 177.6 Crores by Vidit Aatrey, 16,000,000 equity shares of face value of Re. 1 each aggregating to Rs. 177.6 Crores by Sanjeev Kumar (Together the "Promoter Selling Shareholders"), 24,445,349 equity shares of face value of Re. 1 each aggregating to Rs. 271.34 Crores by elevation capital v limited, 17,380,873 equity shares of face value of Re. 1 each aggregating to Rs. 192.93 Crores by peak xv partners investments v, 1,247,351 equity shares of face value of Re. 1 each aggregating to Rs. 13.85 Crores by Gemini investments, l.p., 7,961,640 equity shares of face value of Re. 1 each aggregating to Rs. 88.37 Crores by golden summit limited, 7,195,453 equity shares of face value of Re. 1 each aggregating to Rs. 79.87 Crores by y Combinator continuity holdings i, LLC, 8,636,727 equity shares of face value of Re. 1 each aggregating to Rs. 95.87 Crores by venture highway series 1, a series of venture highway SPVS LLC, 516,690 equity shares of face value of Re 1 each aggregating to Rs. 5.74 Crores by Crimsn Holdings, LLC, , 765,360 equity shares of face value of Re. 1 each aggregating to Rs. 8.50 Crores by titan patriot fund ltd, 1,591,044 equity shares of face value of Re. 1 each aggregating to Rs. 17.66 Crores by Sarin Family India LLC (Together the "Corporate Selling Shareholders"), 472,212 equity shares of face value of Re. 1 each aggregating to Rs. 5.24 Crores by Rajul Garg, 3,301,140 equity shares of face value of Re. 1 each aggregating to Rs. 36.64 Crores by man hay tam (Together the "Individual Selling Shareholders", and Collectively With the Promoter Selling Shareholders and the Corporate Selling Shareholders, the "Selling Shareholders" and Such Equity Shares, the "Offered Shares"). Price Band: Rs. 111/- for equity share of face value of Rs. 10 each. The floor price is 11.10 times times the face value times of the face value of the equity shares. Bids can made for a minimum of 135 equity shares and in multiples of 135 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- 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.
- The company has incurred losses since its inception in 2015. While the company were cash flow positive in the six months period ended September 30, 2024, and Fiscals 2025 and 2024, the company has Restated loss before exceptional items and tax of Rs.4,332.14 million and Rs.240.38 million in the six months period ended September 30, 2025 and September 30, 2024, and Rs.1,084.29 million, Rs.3,145.33 million and Rs.16,719.02 million in Fiscals 2025, 2024 and 2023, respectively. the company has negative cash flows from operating activities for the six months period ended September 30, 2025 and Fiscal 2023. If its unable to generate adequate revenue and manage the company's cash flows and expenses, the company's may continue to incur losses.
- If its fails to attract and retain consumers on the company platform its business, financial condition, cash flows and results of operations may be adversely impacted.
- If Its fails to attract and retain sellers on the company platform, its business, financial condition, cash flows and results of operations may be adversely affected.
- Products sold on Meesho are delivered to consumers through third party logistics partners either through (i) Valmo, our technology platform or (ii) end-to-end logistics partners. Further, we engaged with five end-to-end logistics partners during the six months period ended September 30, 2025. Service interruptions, failures, constraints or inadequate service quality of these logistics' partners could harm our business, financial condition and prospects.
- Any disruption to our technology infrastructure or system availability could impair our ability to ensure consistent platform performance and deliver uninterrupted services. Further, if we do not continue to develop our technology stack or introduce new tech enabled tools, or we are not able to keep pace with technological developments, we may not remain competitive and our business, financial condition, cash flows and results of operations could be adversely affected.