Meesho IPO Day 1: Check Subscription Status & Key Highlights

Indian E-commerce platform Meesho has opened its Initial Public Offering (IPO) today, December 3, 2025. The public subscription window for Meesho IPO will be open from December 3 to December 5, 2025. The allotment process is expected to be finalised on December 8, 202,5, and the shares will be listed on both NSE and BSE. The tentative listing date is fixed as December 10, 2025.

Founded in 2015 by Vidit Aatrey, Meesho is a technology-driven e-commerce platform in India that connects four key stakeholders - consumers, sellers, logistics partners, and content creators.

Meesho IPO Details

Meesho IPO is a book-building of ₹5,421.20 crores. The issue is 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 is 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 is ₹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 are the book-running lead managers for the Meesho IPO. KFin Technologies Limited is the registrar for the issue.

Meesho IPO Day 1 Subscription Status 

[December 3, 2025, 11:48 A.M]

On Day 1, the Meesho IPO saw a subscription of 0.47 times, as per NSE data on December 03, 2025, 11:48 a.m. The public issue was subscribed to 1.76 times in the Retail Individual Investors (RIIs) category and 0.54 times in the Non-Institutional Investors (NII) category. It has yet to receive bids from the Qualified Institutional Buyers (QIBs). 

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Utilisation of Proceeds

The net proceeds from the fresh issue will be used towards the following objectives:

• Invest in cloud infrastructure for the subsidiary, Meesho Technologies Private Limited, and fund marketing and brand initiatives.
• Payment of salaries of existing and replacement hires for the machine learning, AI and technology teams undertaken by Meesho Technologies Private Limited.
• Funding inorganic growth through acquisitions and other strategic initiatives.
• General corporate purposes.

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About Meesho Ltd

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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