Meesho Limited came to market through an IPO that opened on 3 December 2025 and closed on 5 December 2025, and the shares listed on 10 December 2025 on BSE, NSE. The price band was ₹105 to ₹111 per share and one lot was 135 shares, so the minimum application was ₹14,985. The issue size was ₹5421.2 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
Kfin Technologies Limited was the registrar to the issue, and Kotak Mahindra Capital Co.Ltd, JP Morgan India Pvt.Ltd, Morgan Stanley India Co.Pvt.Ltd, Axis Capital Ltd, Citigroup Global Markets India Pvt.Ltd were the lead managers.
As of 5 December 2025.
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Meesho Limited is a multi-sided technology platform incorporated in 2015, which enables e-commerce in India by connecting four critical 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 products at an affordable price while offering sellers a low-cost platform to grow their businesses. Meesho works through two business segments: Marketplace-a technology-driven platform that enables transactions between customers, sellers, logistics partners, and content creators.
Revenue from this segment primarily includes income on services offered to sellers for order fulfilment, advertising, and seller insights. New Initiatives: This includes a low-cost, local logistics network for daily essentials and a digital financial services platform. The company has demonstrated solid operational growth with a consistent 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.
The logistics network, operated under Valmo, integrates third-party logistics providers comprising first and last-mile delivery partners, sorting centres, and truck operators that are used to ensure timely order fulfilment across the country. As of September 30, 2025, Meesho employed 2,082 full-time employees. The company's constant focus on cost efficiency and technological innovation has helped it stay cash flow positive while making strategic investments in the new business verticals to expand its digital ecosystem.
As described in the offer document.
| Metric | 30-Sep-25 | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
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Meesho mobilises Rs 2,439 cr from anchor investors ahead of IPO. The largest allotment was made to SBI Mutual Fund, whose schemes put together garnered a sizeable chunk of the book. SBI Balanced Advantage Fund received an allotment of 18.47 million shares (8.40%). SBI Focused Fund picked up 16.66 million shares (7.58%). SBI Innovative Opportunities Fund got 11.71 million shares (5.33%). Among overseas investors, the Government of Singapore got an allocation of 14.90 million shares, representing 6.78 percent.
Other major investors were Fidelity Funds – India Focus Fund, Tiger Global, Kora Master Fund, Amansa, Goldman Sachs, Franklin Templeton, Morgan Stanley, BlackRock Global Funds, and Monetary Authority of Singapore.
Vidit Aatrey, Sanjeev Kumar. Promoter holding 18.51% before the issue.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Meesho IPO was a ₹5,421.2 crore book-built issue, comprising a fresh issue of ₹4,250 crore and an offer for sale of ₹1,171.2 crore. It was priced at ₹105–₹111 per share with a lot size of 135 shares (₹14,985). The IPO was open from December 3 to December 5, 2025 and was subscribed 81.76x. Shares listed on BSE and NSE on December 10, 2025 at ₹162.50, a 46.4% premium to the issue price of ₹111. Kfin Technologies Limited is the registrar.
Kotak Mahindra Capital Co.Ltd and 4 other book running lead managers manage the issue.
The price band of Meesho IPO is ₹105 to ₹111 per share.
The lot size of Meesho IPO is 135 shares.
The minimum investment for Meesho IPO is approximately ₹14,985 based on the upper price band.
The allotment date of Meesho IPO is Dec 8, 2025.
No GMP quote could be verified as recorded before Meesho IPO listed. A grey-market observation of ₹39 per share was recorded on 10 Dec 2025, 7:45 AM IST, but without a verified listing timestamp it is not treated as the final pre-listing GMP. The shares listed at ₹162.5. GMP is unofficial and does not forecast or guarantee the actual listing price.
Meesho IPO listed on Dec 10, 2025. It was issued at ₹162.5(NSE) and is currently around ₹221.90 as on 2-Nov-2026 3:30 PM, which is approximately 99.9% versus issue price. The 52-week high is ₹254.40.
You can check Meesho IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Meesho IPO allotment status on Rupix for quick and easy access.
₹105 to ₹111 per share, against a face value of ₹1. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 135 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,985.
₹14,985, for one lot of 135 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 3 December 2025 and closed on 5 December 2025.
The basis of allotment was published on 8 December 2025 by Kfin Technologies Limited, and allotted shares were credited to demat accounts before listing.
The shares listed on 10 December 2025 on BSE, NSE.
The issue size was ₹5421.2 crore. The fresh issue was 38,28,82,882 shares (aggregating up to ₹4250 crore). The offer for sale was 10,55,13,839 shares (aggregating up to ₹1171.2 crore).