The bidding window for Meesho IPO closed on December 5, 2025. The allotment process is expected to be finalised today on December 8, 2025, and the shares will be listed on both NSE and BSE. The tentative listing date is fixed as December 10, 2025.
Meesho IPO was a book-building of ₹5,421.20 crores. The issue was a combination of fresh issue of 38.29 crore shares aggregating to ₹4,250.00 crores and offer for sale of 10.55 crore shares aggregating to ₹1,171.20 crores.
The IPO price band was set between ₹105 and ₹111 per share. The minimum lot size for an application is 135. The minimum amount of investment required by a retail investor was ₹14,985 (135 shares) based on the upper price.
Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited, Morgan Stanley India Company Private Limited, Axis Capital Limited, and Citigroup Global Markets India Private Limited were the book-running lead managers for the Meesho IPO. KFin Technologies Limited was the registrar for the issue.
[December 5, 2025, end of the day]
On Day 3, the Meesho IPO saw an overall subscription of 79.03 times. The public issue was subscribed 19.08 times in the Retail Individual Investors (RIIs) category, 38.16 times in the Non-Institutional Investors (NII) category and 120.18 times from the Qualified Institutional Buyers (QIBs) category.
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The net proceeds from the fresh issue will be used towards the following objectives:
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Meesho Ltd is a Bengaluru-based e-commerce marketplace founded in 2015 by Vidit Aatrey and Sanjeev Barnwal. It connects small businesses, MSMEs, and individual resellers to customers across India, especially in Tier-2 and Tier-3 cities, through a mobile-first, social-commerce model. The platform offers a wide range of products: fashion, home & kitchen, electronics & accessories, personal care, and daily-use items.
Meesho operates on a zero-commission marketplace model for sellers, earning revenue through optional seller advertising/promoted listings, logistics & fulfilment fees, and value-added services such as logistics and seller support. For the year ended March 31, 2025, Meesho’s operating revenue was about ₹9,390 crore, up from ₹7,615 crore in FY24.
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