Meesho is an online e-commerce marketplace enabling sellers, small businesses and manufacturers to sell directly to consumers via social and e-commerce channels.
It works on low comission cost.
Meesho has filed DRHP to raise around ₹6,500 crore via this IPO. Please read further for all the details about IPO size, price band, grey market premium (GMP), financials, strengths & risks.
Subscription date to apply for Meesho is expected by early December 2025. Price band for the IPO is not confirmed and is yet to be announced ~ ₹ per share.
Revenue, PAT, EBITDA of Meesho
| Year | 2024 |
| Networth | ~ ₹ 1561 Cr |
| Revenue: | ~ ₹ 7,615 Cr |
| EBITDA | ~ -₹53 Cr |
| PAT | ~ -₹350Cr |
| PAT Margin | -4.0% |
Meesho Financials (Consolidated Figures)
| Year (Approx Values) | Revenue (₹ Cr) | Profit (₹ Cr) | Assets (₹ Cr) | Net Worth (₹ Cr) |
| 2023 | ₹ 5,735 | ₹ -1,671 | ₹ 3,853 | ₹ 2,548 |
| 2024 | ₹ 7,615 | ₹ -328 | ₹ 4,160 | ₹ 2,301 |
| 2025 | ₹ 9,390 | ₹ -3,942 | ₹ 7,226 | ₹ 1,561 |
Meesho IPO Grey market premium today
| Date | IPO Price | IPO GMP | GMP Trend | Estimated listing | Estimated profit per lot |
| 26-Oct | ₹ | ₹ | – | ₹ – | ₹ |
| 25-Oct | ₹ | ₹ | – | ₹ – | ₹ |
| 24-Oct | ₹ | ₹ | – | ₹ – | ₹ |
| 23-Oct | ₹ | ₹ – | – | – | – |
| 22-Oct | ₹ | ₹ – | – | – | – |
Meesho IPO Pros & Cons
Strengths:
- Strong Market Presence in Social Commerce specially in Tier 2 & Tier 3 cities.
- Rapid Revenue Growth with Improving Margins from around ₹ 5,700 crore in FY’23 to ₹ 7,600 in FY’24
- Backed by Strong Global Investors like Elevation Capital, Peak XV Partners, Prosus, and SoftBank
- Low-Cost, Asset-Light Business Model
- First-Mover Advantage in Horizontal E-Commerce IPO
Risks:
- Still Loss-Making Company loss widened by shifting its base from U.S. to India.
- Intense Competition from Giants like Flipkart, Amazon, Myntra, Jiomart
- High Dependence on Tier II & III Market Growth as its focus is mainly in smaller town customers.
- Very slim Margins & Rising Marketing Costs for customer acquisition.
- Regulatory & Data-Privacy Risks of online sales, and investors shareholding norms
Meesho: IPO date & invest detail
| IPO Open Date: | December 2025 |
| IPO Close Date: | – |
| Anchor Investor Bidding | – |
| IPO Allotment Date: | – |
| Refunds & Demat Credit | – |
| Tentative Listing Date: | Dec’25 |
| IPO Category | Mainboard |
| Symbol | – |
| Face Value: | Rs.01 per Equity Share |
| Issue Size: | ~ ₹ 6,500 Cr |
| Lot Size: | – |
Meesho Composition & Proceeds
| Fresh Issue: | ~₹ 4,250 crore |
| Offer for Sale: | ~ ₹ 17.57 Cr Shares |
| Employee reservation | – |
| Price Range | ₹-₹ |
| Use of Proceeds: | No utilization |
| Salaries, Human-Resource AI Investment | ~₹ 480 crore |
| Technology & Infrastructure | ~₹ 1,390 crore |
| Marketing & Promotions | ~₹ 1,020 crore |
| General Corporate Use | Balance |
| IPO Listing on: | NSE & BSE |
| Retail Quota: | ≥ 35% |
| QIB Quota: | ≥ 35% |
| NII Quota: | ≥ 15% |
Meesho Lot Size details
| Application Type | Lot Size | No. of Lots | No. of Shares | Investment Amount |
| Retail(Min) | – | 1 | – | ₹ |
| Retail (Max) | – | 13 | – | ₹ |
| Small HNI (Min) | – | 14 | – | ₹ |
| Small HNI (Max) | – | 66 | – | ₹ |
| Big HNI (Min) | – | 67 | – | ₹ |
Core Offerings of Meesho
Meesho enables merchandise platform with low charges for all the sellers from all categories like fashion, home & kitchen, beauty & personal care, electronics accessories and general merchandise via its platform and social channels.
No. of Stores/Meesho ‘s customer reach/market share
Meesho has its reach across India and is an online e-commerce platform.
As of June 2025, Meesho claimed a ~23-25% market share in the home, kitchen and furnishing e-commerce segment by GMV. In addition, Meesho reported ~187 million unique annual transacting users by December 2024 and 1.3 billion total orders.
Meesho Promoters – Pre offer equity (Approx)
| Elevation Capital | ~13.5% |
| Peak XV Partners | ~12.5% |
| Prosus | ~12-15% |
| SoftBank | ~10% |
Lead Managers / Registrars of Meesho
| Lead / Book Running Lead Managers | Kotak Mahindra Capital Company, Morgan Stanley, J.P. Morgan |
| Registrar (RTA) | KFin Technologies Limited |
Founding Year of Meesho & Managing Director
Meesho was commenced in the year 2015.
Mr. Vidit Aatrey is the Managing Director & CEO of the company.
Meesho FAQ
What is the estimated issue size of the IPO?
When will the Meesho IPO open?
Fresh issue of up to ~₹ 4,250 crore, with total (including offer for sale) possibly up to ~₹ 8,500 crore.
The exact open date is not yet announced.
What is the price band?
Yet to be finalised and will be declared in the RHP, expected by mid-end Nov’25
Which exchanges will Meesho list on?
Both NSE and BSE.
What is the business of Meesho?
Meesho enables social-commerce, allowing resellers and small business owners to sell products via its platform across multiple categories, targeting India’s tier II/III cities and price-sensitive consumers.
Is Meesho profitable?
No. Not yet profitable in standard terms: For FY2024 it reported a loss (~₹ 305 crore) though the loss has narrowed sharply and the company reported adjusted positive free-cash flow (~₹ 197 crore) in FY24. But again loss of ~₹ 305 crore due to shifting its business from USA to India.
Who are the major investors/promoters?
Elevation Capital ~13.5%, Peak XV Partners ~12.5%, Prosus ~12-15%, SoftBank ~ 10%
What are the risks of investing?
Thin margins, high competition, dependency on tier II/III cities growth in India, still loss-making, IPO pricing and market volatility risks.
What is the use of IPO proceeds?
While the exact breakdown will appear in the RHP, proceeds are likely to be used for Salaries, human-resource AI Investment (~₹ 480 crore) , Technology & Infrastructure (~₹ 1,390 crore), Marketing & Promotions (~₹ 1,020 crore) and general corporate purposes.
When is the tentative listing date?
Expectation is early to mid December 2025.
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For further information you can visit official website of Meesho