Meesho IPO is a book-built public issue aiming to raise ₹5,421.20 crore, combining a fresh issue of 38.29 crore shares aggregating to ₹4,250.00 crore and an offer for sale of 10.55 crore shares amounting to ₹1,171.20 crore. The bidding window remained open from December 3 to December 5, 2025, with the allotment scheduled to be finalised on December 8, 2025. Meesho is set to list its shares on BSE and NSE on December 10, 2025.
The IPO was priced in the range of ₹105–₹111 per share, with a minimum lot size of 135 shares. The public issue saw strong interest across categories, with a total subscription of 81.76 times. QIBs led the response at 123.34 times, followed by NIIs at 39.85 times and retail investors at 19.89 times
Meesho’s ₹5,421.20 crore IPO, priced at ₹105–₹111 per share, was subscribed 81.76 times overall. The issue consists of a fresh issue of 38.29 crore equity shares (₹4,250.00 crore) and an offer for sale of 10.55 crore shares (₹1,171.20 crore).
The bidding took place from December 3 to December 5, 2025, with allotment scheduled for December 8, 2025. Retail investors subscribed 19.89 times, while NIIs subscribed 39.85 times. The listing is expected on December 10, 2025, on BSE and NSE.
The table below breaks down the Meesho share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Investor Category | Shares Offered |
| 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%) |
Data Source: NSE
| Category | Subscription (times) |
| Qualified Institutional Buyers (QIB) | 123.34 |
| Non-Institutional Investors (NII) | 39.85 |
| Retail Individual Investors (RII) | 19.89 |
| Total | 81.76 |
Note: The subscription details are as of December 5, 2025
Meesho Limited, incorporated in 2015, operates a technology-driven, multi-sided e-commerce platform that connects four key participants: consumers, sellers, logistics partners, and content creators. Its core marketplace enables users to access a broad range of affordable products while offering sellers a low-cost environment to build and scale their businesses. Meesho has established a large and growing ecosystem, reflecting increased order volumes, expanding categories, and rising user engagement.
The company operates through two distinct business segments. The first is its Marketplace, which generates revenue from seller services such as fulfilment, advertising, and business insights. The second comprises New Initiatives, including low-cost local logistics for daily essentials and a digital financial services platform aimed at broadening Meesho’s value proposition. As of the twelve months ended September 30, 2025, Meesho had 706,471 annual transacting sellers and 234.20 million annual transacting users, underscoring its reach and scale within Indian e-commerce.
Meesho’s logistics capabilities are supported by Valmo, a network that integrates third-party logistics partners across key nodes such as first-mile, last-mile, and sorting centres. This structure enables efficient nationwide fulfilment and reinforces Meesho’s cost-efficient operating model. As of September 30, 2025, the company had 2,082 full-time employees, reflecting its continuing investment in technology, product development, and operational support.
Despite growth in operating metrics and revenue, the company continues to face profitability challenges, as shown by negative PAT, RoNW, and EBITDA figures. Nevertheless, Meesho maintains a debt-free balance sheet and has focused on cost optimisation while expanding into new verticals. Its strategic priorities include strengthening its logistics infrastructure, enhancing the seller ecosystem, and broadening its digital services to reinforce its position in India’s competitive e-commerce landscape.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Dec 5, 2025, 6:20 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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