| Event | Date |
|---|---|
| Open Date | 03-12-2025 , Wednesday |
| Close Date | 05-12-2025 , Friday |
| Tentative Allotment | 08-12-2025 , Monday |
| Tentative Listing Date | 10-12-2025 , Wednesday |
| Retail Appl. Cut Off Time | 05-12-2025 , Friday 05:00 PM |
| Non Retail Appl. Cut Off Time | 05-12-2025 , Friday 04:00 PM |
| Anchor Allotment | 02-12-2025 , Tuesday |
| Initiation Of Refund | 09-12-2025 , Tuesday |
| Credit Of Share To Demat | 09-12-2025 , Tuesday |
Meesho Limited is a multi-sided technology platform driving e-commerce in India by bringing together consumers, sellers, logistics partners and content creators. The company operates its e-commerce marketplace under the brand name Meesho.
Meesho focuses on value-conscious customers by offering affordable products, wide assortment and a discovery-led shopping experience. Its key positioning is Everyday Low Prices, supported by a zero-commission seller model, technology-led operations, logistics ecosystem and AI/ML-led product discovery.
Meesho is not a normal retail company. It is a technology-led e-commerce marketplace. For retail investors, this IPO should be studied as a value-commerce marketplace, zero-commission seller ecosystem, logistics efficiency, advertising monetisation and profitability turnaround story.
IPORupee View: Meesho has strong scale, but it is still loss-making. Investors should focus on whether Meesho can convert its large user base, seller ecosystem and order volume into sustainable profitability.
| Business Area | Meaning |
|---|---|
| Online marketplace | Platform where sellers list products and buyers place orders |
| Zero-commission model | Sellers are not charged platform commission on sales |
| Value commerce | Focus on affordable products for price-sensitive customers |
| Seller ecosystem | Enables small sellers, manufacturers and low-cost sellers to sell online |
| Logistics network | Order fulfilment through Valmo and end-to-end logistics partners |
| Advertising income | Sellers can pay for visibility and product promotion |
| Content creator ecosystem | Creators help product discovery and engagement |
| AI/ML technology platform | Personalisation, cataloguing, risk control and logistics optimisation |
Meesho connects four major stakeholders on one platform: consumers, sellers, logistics partners and content creators.
| Stakeholder | Role on Meesho Platform |
|---|---|
| Consumers | Buyers who purchase affordable products on Meesho |
| Sellers | Businesses and individuals who list and sell products |
| Logistics Partners | Delivery agents, logistics providers and fulfilment network |
| Content Creators | Creators who help product discovery, engagement and promotion |
| Platform Participant | Details |
|---|---|
| Annual Transacting Users | 234.0 million |
| Annual Transacting Sellers | 706,471 |
| Active Content Creators | 50,319 |
| Valmo Delivery Agents | 102,349 |
| Active Logistics Providers | 18,098 |
| End-to-End Logistics Partners | 5 |
IPORupee View: Meesho is not just bringing buyers and sellers together; it also connects logistics partners and content creators. This makes Meesho a multi-sided e-commerce ecosystem.
The larger the ecosystem becomes, the stronger the platform network effect can become. But Meesho must maintain quality across all participants: sellers, logistics, creators and consumers.
| Period | Annual Transacting Users | Placed Orders |
|---|---|---|
| FY2018 | 0.03 million | 0.42 million |
| FY2019 | 0.91 million | 10.14 million |
| FY2020 | 2.46 million | 39.64 million |
| FY2021 | 12.06 million | 119.47 million |
| FY2022 | 109.59 million | 610.40 million |
| FY2023 | 136.40 million | 1,024.34 million |
| FY2024 | 155.64 million | 1,341.94 million |
| FY2025 | 198.77 million | 1,834.40 million |
| LTM Sep 2024 | 175.09 million | 1,548.10 million |
| LTM Sep 2025 | 234.20 million | 2,270.95 million |
IPORupee View: Annual Transacting Users increased from 136.40 million in FY2023 to 198.77 million in FY2025, and further to 234.20 million in LTM September 2025.
Placed Orders increased from 1,024.34 million in FY2023 to 1,834.40 million in FY2025, and further to 2,270.95 million in LTM September 2025. This shows strong adoption, but investors should check whether order growth is translating into contribution margin, free cash flow and eventual PAT profitability.
Technology forms the backbone of Meesho’s platform. The company uses modular technology architecture to support e-commerce transactions at population scale across India. Every interaction between consumers, sellers, logistics partners and creators generates data, which is used in AI/ML models.
| Technology Capability | Meaning |
|---|---|
| Hyper-personalised recommendations | Helps users discover relevant products |
| Dynamic pricing of services | Supports efficient pricing of platform services |
| Automated cataloguing | Helps sellers list and manage product catalogues |
| Transaction risk management | Helps reduce fraud and risky transactions |
| Logistics optimisation | Improves fulfilment and delivery efficiency |
| Data insights | Helps sellers and platform improve performance |
IPORupee View: Good technology can reduce costs and improve conversion. Poor technology can increase returns, cancellations, fraud, seller issues and customer dissatisfaction.
Meesho does not charge sellers any commission and does not charge platform fees to consumers. Instead, it monetises through services provided to sellers and platform participants.
| Monetisation Area | Meaning |
|---|---|
| Order fulfilment services | Logistics and fulfilment-related monetisation |
| Advertising | Sellers pay for better visibility and product promotion |
| Data insights | Seller-focused insights and platform tools |
| New initiatives | Low-cost logistics and financial services platform |
IPORupee View: The zero-commission model helps attract sellers, but it also creates monetisation pressure. Meesho must earn enough from logistics, advertising, data insights and other services to become profitable.
The main question is whether Meesho can monetise its large seller and consumer base without losing its value-commerce advantage.
| Segment | Meaning |
|---|---|
| Marketplace | Core e-commerce marketplace under the Meesho brand |
| New Initiatives | New businesses such as low-cost logistics network and financial services platform |
IPORupee View: Currently, the marketplace segment is the main business. New initiatives may support future monetisation and platform stickiness, but they can also require investment and remain loss-making during early stages.
| Category | FY2023 | FY2024 | FY2025 | H1 FY2025 | H1 FY2026 |
|---|---|---|---|---|---|
| Apparel | 43.49% | 40.71% | 36.17% | 37.95% | 33.80% |
| Footwear and Accessories | 19.13% | 17.66% | 16.78% | 16.27% | 15.23% |
| Kids and Baby Products | 9.35% | 10.70% | 10.48% | 10.52% | 9.64% |
| Home, Kitchen and Furnishings | 10.12% | 12.77% | 17.24% | 16.79% | 19.28% |
| Beauty and Personal Care | 8.49% | 8.80% | 9.98% | 9.29% | 10.68% |
| Others | 9.42% | 9.36% | 9.35% | 9.18% | 11.37% |
| Placed Orders | 1,024.34 million | 1,341.94 million | 1,834.40 million | 824.59 million | 1,261.14 million |
IPORupee View: Apparel share reduced from 43.49% in FY2023 to 33.80% in H1 FY2026. Home, Kitchen and Furnishings increased from 10.12% in FY2023 to 19.28% in H1 FY2026.
This is positive because category diversification can reduce dependence on apparel. But Meesho must manage product quality, returns and logistics across different categories.
Meesho’s logistics partners include first-mile delivery businesses, last-mile delivery businesses, sorting centres, truck operators and end-to-end logistics partners.
| Fulfilment Route | Meaning |
|---|---|
| Valmo | Proprietary technology platform that orchestrates a multi-stage logistics network across partners |
| End-to-end logistics partners | External logistics partners with complete fulfilment capabilities |
| Logistics Participant | Details |
|---|---|
| Valmo Delivery Agents | 102,349 |
| Active Logistics Providers | 18,098 |
| End-to-End Logistics Partners | 5 |
| Period | Shipped Orders Through Valmo |
|---|---|
| FY2023 | 1.83% |
| FY2024 | 19.55% |
| FY2025 | 48.08% |
| H1 FY2026 | 64.52% |
Valmo’s share of shipped orders increased from 1.83% in FY2023 to 48.08% in FY2025 and further to 64.52% in H1 FY2026. This can improve logistics control and reduce fulfilment cost.
But logistics execution risk also increases because Meesho is now more deeply involved in order fulfilment. If execution is poor, it can hurt customer experience and increase returns.
| Particulars | Unit | H1 FY2026 | H1 FY2025 | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|---|---|
| Annual Transacting Users | million | 234.0 | 175.09 | 198.77 | 155.64 | 136.40 |
| Annual Transacting Sellers | number | 706,471 | 440,824 | 513,757 | 423,749 | 449,966 |
| Placed Orders | million | 1,261.14 | 824.59 | 1,834.40 | 1,341.94 | 1,024.34 |
| Growth in Placed Orders | % | 52.94% | 33.34% | 36.70% | 31.01% | - |
| Order Frequency | number | 9.70 | 8.84 | 9.23 | 8.62 | 7.51 |
IPORupee View: Annual Transacting Users increased to 234.0 million in H1 FY2026, compared with 175.09 million in H1 FY2025. Annual Transacting Sellers increased to 706,471 in H1 FY2026.
Placed Orders increased to 1,261.14 million in H1 FY2026, growing 52.94% over H1 FY2025. Order frequency also improved from 7.51 in FY2023 to 9.70 in H1 FY2026.
| Particulars | Unit | H1 FY2026 | H1 FY2025 | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|---|---|
| GMV – Marketplace | Rs. billion | 334.83 | 226.09 | 503.12 | 400.38 | 344.91 |
| NMV – Marketplace | Rs. billion | 191.94 | 133.18 | 299.88 | 232.41 | 192.33 |
| NMV Growth | % | 44.12% | 23.60% | 29.03% | 20.84% | - |
IPORupee View: NMV increased from Rs. 192.33 billion in FY2023 to Rs. 299.88 billion in FY2025. H1 FY2026 NMV was Rs. 191.94 billion, growing 44.12% over H1 FY2025.
NMV is more meaningful than GMV because it better reflects actual marketplace value after adjustments such as returns or cancellations.
| Particulars | Unit | H1 FY2026 | H1 FY2025 | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|---|---|
| Revenue from operations | Rs. million | 55,775.38 | 43,112.87 | 93,899.03 | 76,151.48 | 57,345.19 |
| Segment revenue – Marketplace | Rs. million | 55,739.09 | 43,092.46 | 93,858.74 | 76,137.44 | 57,337.27 |
| Segment revenue – New Initiatives | Rs. million | 36.29 | 20.41 | 40.29 | 14.04 | 7.92 |
| Total income | Rs. million | 58,576.93 | 45,448.83 | 99,009.01 | 78,592.42 | 58,976.91 |
| Restated loss before exceptional items and tax | Rs. million | (4,332.14) | (240.38) | (1,084.29) | (3,145.33) | (16,719.02) |
| Restated loss for the period / year | Rs. million | (7,007.18) | (25,128.91) | (39,417.05) | (3,276.41) | (16,719.02) |
| Adjusted EBITDA | Rs. million | (5,118.72) | (543.97) | (2,195.91) | (2,301.53) | (16,937.33) |
| Adjusted EBITDA – Marketplace | Rs. million | (5,191.33) | 64.50 | (1,166.65) | (1,491.61) | (15,989.90) |
| Adjusted EBITDA – New Initiatives | Rs. million | (301.14) | (547.85) | (928.59) | (668.60) | (908.85) |
| Adjusted EBITDA – Marketplace as % of NMV | % | (2.70%) | 0.05% | (0.39%) | (0.64%) | (8.31%) |
| Contribution Margin – Marketplace | Rs. million | 7,333.00 | 7,732.99 | 14,836.50 | 13,031.95 | 5,658.63 |
| Contribution Margin – Marketplace as % of NMV | % | 3.82% | 5.81% | 4.95% | 5.61% | 2.94% |
| Last Twelve Months Free Cash Flow | Rs. million | 5,814.76 | NA | 5,912.36 | 1,995.63 | (23,363.68) |
| LTM FCF as % of NMV | % | 1.62% | NA | 1.97% | 0.86% | (12.15%) |
IPORupee Financial Insight: Revenue from operations increased from Rs. 57,345.19 million in FY2023 to Rs. 93,899.03 million in FY2025 and further to Rs. 55,775.38 million in H1 FY2026.
However, Meesho is still loss-making. Restated loss was Rs. 39,417.05 million in FY2025 and Rs. 7,007.18 million in H1 FY2026.
Marketplace contribution margin is positive, but contribution margin as % of NMV reduced from 5.81% in H1 FY2025 to 3.82% in H1 FY2026. LTM Free Cash Flow was positive at Rs. 5,814.76 million in H1 FY2026.
| Particulars | Details |
|---|---|
| IPO Opening Date | December 3, 2025 |
| IPO Closing Date | December 5, 2025 |
| Price Band | Rs. 105 to Rs. 111 per share |
| Issue Size | Rs. 5,421.20 crore |
| Fresh Issue | Rs. 4,250.00 crore |
| Offer for Sale | Rs. 1,171.20 crore |
| Face Value | Rs. 1 per share |
| Lot Size | 135 shares |
| Listing | BSE and NSE |
IPORupee View: The IPO has a large fresh issue component. Fresh issue money goes to the company and can support technology investment, cloud infrastructure, marketing, logistics ecosystem, working capital and growth initiatives. The OFS portion gives partial exit to existing shareholders.
Meesho has built a marketplace focused on affordable products and value-conscious customers.
The platform connects consumers, sellers, logistics partners and content creators.
Zero commission helps attract sellers and makes the platform seller-friendly.
Annual Transacting Users reached 234.20 million and placed orders reached 2,270.95 million in LTM September 2025.
Annual Transacting Sellers increased to 706,471 in H1 FY2026.
Apparel share is reducing, while Home, Kitchen and Furnishings, Beauty and Others are increasing.
Valmo’s share of shipped orders increased from 1.83% in FY2023 to 64.52% in H1 FY2026.
H1 FY2026 NMV grew 44.12% over H1 FY2025.
LTM Free Cash Flow was positive at Rs. 5,814.76 million in H1 FY2026.
Meesho Limited is a multi-sided technology platform driving e-commerce in India by bringing together consumers, sellers, logistics partners and content creators. It operates a value-focused e-commerce marketplace under the Meesho brand.
Meesho’s key positioning is affordability, accessibility and engagement. The company focuses on Everyday Low Prices and uses a zero-commission seller model to reduce cost for sellers. Its AI/ML-led algorithms help provide personalised discovery and a shopping experience similar to offline window shopping.
The platform has significant scale. As of LTM September 2025, Meesho had 234.20 million Annual Transacting Users and 2,270.95 million Placed Orders. In H1 FY2026, it had 706,471 Annual Transacting Sellers, 50,319 active content creators, 102,349 Valmo delivery agents and 18,098 active logistics providers.
Meesho’s order frequency increased from 7.51 in FY2023 to 9.70 in H1 FY2026, showing higher engagement from users.
The company’s marketplace NMV increased from Rs. 192.33 billion in FY2023 to Rs. 299.88 billion in FY2025, and H1 FY2026 NMV grew 44.12% over H1 FY2025.
Financially, revenue is growing strongly, but the company is still loss-making. Contribution margin and free cash flow are positive, but adjusted EBITDA and PAT remain key watch points.
Meesho connects consumers, sellers, logistics partners and content creators. This creates platform ecosystem value.
Annual Transacting Users increased to 234.20 million in LTM September 2025.
Placed Orders increased to 2,270.95 million in LTM September 2025 and 1,261.14 million in H1 FY2026.
Order frequency increased from 7.51 in FY2023 to 9.70 in H1 FY2026, showing better repeat usage.
Annual Transacting Sellers increased from 513,757 in FY2025 to 706,471 in H1 FY2026.
Apparel share declined from 43.49% in FY2023 to 33.80% in H1 FY2026.
Home, Kitchen and Furnishings increased from 10.12% in FY2023 to 19.28% in H1 FY2026.
Valmo’s share of shipped orders increased from 1.83% in FY2023 to 64.52% in H1 FY2026.
H1 FY2026 NMV grew 44.12% over H1 FY2025.
Revenue from operations increased from Rs. 57,345.19 million in FY2023 to Rs. 93,899.03 million in FY2025.
Marketplace contribution margin was Rs. 14,836.50 million in FY2025 and Rs. 7,333.00 million in H1 FY2026.
Contribution margin as % of NMV declined from 5.81% in H1 FY2025 to 3.82% in H1 FY2026.
LTM Free Cash Flow was Rs. 5,814.76 million in H1 FY2026, equal to 1.62% of NMV.
Restated loss was Rs. 39,417.05 million in FY2025 and Rs. 7,007.18 million in H1 FY2026.
Meesho Limited is a high-growth Indian e-commerce marketplace with a differentiated zero-commission seller model and strong value-commerce positioning.
The positives are large platform scale, strong user growth, strong seller growth, rising order frequency, high order growth, category diversification, Valmo logistics expansion, positive marketplace contribution margin and positive free cash flow.
The concerns are continued PAT losses, adjusted EBITDA losses, contribution margin pressure, zero-commission monetisation risk, Valmo execution risk, COD and return risk, seller quality risk, high competition and valuation risk.
This IPO should be studied as a value-commerce marketplace + zero-commission seller ecosystem + Valmo logistics + advertising monetisation + profitability turnaround story, not as a normal retail company IPO.
| Short Form | Full Form |
|---|---|
| IPO | Initial Public Offering |
| RHP | Red Herring Prospectus |
| GMV | Gross Merchandise Value |
| NMV | Net Merchandise Value |
| COD | Cash on Delivery |
| PAT | Profit After Tax |
| FCF | Free Cash Flow |
| LTM | Last Twelve Months |
| AI | Artificial Intelligence |
| ML | Machine Learning |
| OFS | Offer for Sale |
| D2C | Direct-to-Consumer |
| QIB | Qualified Institutional Buyer |
| NII | Non-Institutional Investor |
| BSE | Bombay Stock Exchange |
| NSE | National Stock Exchange |
This content is prepared by IPORupee for educational and informational purposes only. It is based on IPO-related disclosures and information shared for understanding the company’s business model, marketplace scale, financial performance, industry position and key risks.
This is not a recommendation to apply, avoid, buy, sell or hold any IPO or security. IPORupee is not a SEBI-registered investment adviser, research analyst, broker, e-commerce consultant or portfolio manager.
E-commerce and technology platform businesses are subject to competition, customer retention risk, seller quality risk, logistics cost, cash-on-delivery risk, regulatory risk, technology risk, data risk, marketing spend risk, profitability risk and valuation risk. Investors should read the Red Herring Prospectus, risk factors, financial statements, objects of the issue, valuation details and official disclosures carefully and consult their financial advisor before making any investment decision.
| Category | Percentage | No. of Shares Offered | Amount |
|---|---|---|---|
QIB | 75.00 % | 36,62,97,541 | 4,065.90 Cr |
Retail | 10.00 % | 4,88,39,672 | 542.12 Cr |
Total HNI | 15.00 % | 7,32,59,508 | 813.18 Cr |
SHNI | 5.00 % | 2,44,19,836 | 271.06 Cr |
BHNI | 10.00 % | 4,88,39,672 | 542.12 Cr |
Meesho Ltd allotted 21,97,78,524 equity shares to anchor investors at ₹111 per share on 02 Dec 2025 before the IPO opening. The total anchor allocation stood at 2,439.54 Cr across 125 anchor investors.
Mutual funds received 9,36,92,295 shares worth 1,039.98 Cr, representing 42.63% of the total anchor investor allocation. Within the mutual fund portion, SBI Mutual Fund had the highest fund-house level allocation with 5,40,54,135 shares worth 600.00 Cr across 6 schemes. Other leading fund houses by allocation included Axis Mutual Fund, Aditya Birla Sun Life Mutual Fund, Mirae Asset Mutual Fund and UTI Mutual Fund.
At scheme level, the largest mutual fund allocations included SBI BALANCED ADVANTAGE FUND, SBI FOCUSED FUND, SBI INNOVATIVE OPPORTUNITIES FUND, SBI CONSUMPTION OPPORTUNITIES FUND and Aditya Birla Sun Life Trustee Private Limited A/C Aditya Birla Sun Life Consumption Fund.
The largest anchor investor received 8.40% of the anchor portion. The top five anchor investors together received 7,00,38,270 shares, representing about 31.87% of the total anchor allocation.
| Rank | Anchor Investor Name | Shares Allocated | Allocation % | Allocation Amount |
|---|---|---|---|---|
| 1 | SBI BALANCED ADVANTAGE FUND | 1,84,68,540 | 8.40 % | 205.00 Cr |
| 2 | SBI FOCUSED FUND | 1,66,66,695 | 7.58 % | 185.00 Cr |
| 3 | GOVERNMENT OF SINGAPORE | 1,48,91,715 | 6.78 % | 165.30 Cr |
| 4 | SBI INNOVATIVE OPPORTUNITIES FUND | 1,17,11,655 | 5.33 % | 130.00 Cr |
| 5 | FIDELITY FUNDS - INDIA FOCUS FUND | 82,99,665 | 3.78 % | 92.13 Cr |
| Rank | Mutual Fund Scheme | AMC | Shares Allocated | Allocation % | Allocation Amount |
|---|---|---|---|---|---|
| 1 | SBI BALANCED ADVANTAGE FUND | SBI Mutual Fund | 1,84,68,540 | 8.40 % | 205.00 Cr |
| 2 | SBI FOCUSED FUND | SBI Mutual Fund | 1,66,66,695 | 7.58 % | 185.00 Cr |
| 3 | SBI INNOVATIVE OPPORTUNITIES FUND | SBI Mutual Fund | 1,17,11,655 | 5.33 % | 130.00 Cr |
| 4 | SBI CONSUMPTION OPPORTUNITIES FUND | SBI Mutual Fund | 45,04,545 | 2.05 % | 50.00 Cr |
| 5 | Aditya Birla Sun Life Trustee Private Limited A/C Aditya Birla Sun Life Consumption Fund | Aditya Birla Sun Life Mutual Fund | 31,98,285 | 1.46 % | 35.50 Cr |
The figures are based on the company’s stock exchange anchor allotment intimation. Anchor allocation is only an informational disclosure and does not indicate future listing performance.
| Application | Discount | Qty (Lot) | Total |
|---|---|---|---|
Retail MIN | - | 135 (1) | ₹ 14,985 |
Retail MAX | - | 1755 (13) | ₹ 1,94,805 |
SHNI MIN | - | 1890 (14) | ₹ 2,09,790 |
SHNI MAX | - | 8910 (66) | ₹ 9,89,010 |
BHNI MIN | - | 9045 (67) | ₹ 10,03,995 |
| Objective | No Of Shares | Amount |
|---|---|---|
Fresh Issue | - | 4,250.00 Cr |
Offer for Sale | 10,55,13,839 | 1,171.20 Cr |
Particulars | Pre IPO | Post IPO | ||
|---|---|---|---|---|
No. of Shares | % | No. of Shares | % | |
Promotor & Promotor Group | — | — | ||
Public | — | — | ||
Total | — | — | ||
| Name | Contact Person | Telephone | Website | |
|---|---|---|---|---|
Kotak Mahindra Capital Company Limited | Ganesh Rane | +91 22 4336 0000 | meesho.ipo@kotak.com | www.investmentbank.kotak.com |
J.P. Morgan India Pvt Ltd | Vidit Jain / Rishank Chheda | +91 22 6157 3000 | meesho_ipo@jpmorgan.com | www.jpmipl.com |
Morgan Stanley India Company Pvt Ltd | Naresh Tetarwal | +91 22 6118 1011 | meeshoipo@morganstanley.com | www.morganstanley.com |
Axis Capital Limited | Simran Gadh / Pratik Pednekar | +91 22 4325 2183 | meesho.ipo@axiscap.in | www.axiscapital.co.in |
Citigroup Global Markets India Pvt Ltd | Karan Singh Hundal | +91 22 6175 9999 | meesho.ipo@citi.com | www.citigroup.com/global/about-us/global-presence/india/disclaimer |
Understand company details, IPO size, price band, lot size, exchange listing, fresh issue and Offer for Sale (OFS) in simple language for retail investors.
This IPO is of Meesho Ltd. The issue is scheduled to open on Wednesday, 03 December 2025 and closes on Friday, 05 December 2025.
After the IPO process is completed, the shares are proposed to be listed on both NSE and BSE.
IPO size means the total amount offered to investors through the public issue.
For Meesho Ltd IPO, the total issue size is Rs 5,421.2 crore, consisting of a fresh issue of Rs 4,250 crore and an Offer for Sale (OFS) of Rs 1,171.2 crore.
Price band is the price range within which investors can bid for shares in a book-built IPO.
For this IPO, the lower price band is Rs 105 per share and the upper price band is Rs 111 per share.
Lot size is the minimum number of shares an investor must apply for in an IPO. IPO applications are usually made in fixed lot multiples.
For Meesho Ltd IPO, the minimum lot size is 135 shares. At the upper price band of Rs 111 per share, the minimum application amount is Rs 14,985. Applications must be made in multiples of 135 shares.
Fresh Issue means the company issues new shares to investors and receives money from that part of the IPO.
For Meesho Ltd IPO, the Fresh Issue size is Rs 4,250 crore. The company can use these funds for purposes mentioned in the IPO documents, such as business growth, repayment of borrowings, working capital, capital expenditure, or general corporate purposes.
Offer for Sale (OFS) means existing shareholders sell their shares to the public through the IPO.
For Meesho Ltd IPO, the Offer for Sale (OFS) size is Rs 1,171.2 crore. In an OFS, the selling shareholders receive the money, and the company usually does not receive funds from that portion.
Understand the important IPO dates, allotment process, refund schedule and listing timeline in a retail-friendly format.
The IPO opening date is the first day on which investors can apply for the public issue.
For Meesho Ltd IPO, the IPO opens on Wednesday, 03 December 2025.
The IPO closing date is the last day on which investors can submit, modify, or cancel their IPO applications.
Meesho Ltd IPO closes on Friday, 05 December 2025.
The tentative allotment date is the expected date on which the registrar finalizes the share allotment for valid IPO applications.
For Meesho Ltd IPO, the tentative allotment date is Monday, 08 December 2025.
The tentative listing date is the expected date on which IPO shares begin trading on the stock exchanges.
Meesho Ltd IPO is expected to list on Wednesday, 10 December 2025.
After allotment, funds are unblocked or refunds are initiated for non-allotted investors, while allotted shares are credited to investors' demat accounts before listing.
For Meesho Ltd IPO, refund initiation is expected on Tuesday, 09 December 2025, and credit of shares to demat accounts is expected on Tuesday, 09 December 2025.
Understand IPO category-wise reservation, QIB quota, retail quota, HNI allocation, shareholder reservation and the meaning of structure columns in a simple format.
IPO structure shows how shares are divided among different categories of investors, such as QIB, Retail, NII/HNI, Employees, and Shareholders.
For Meesho Ltd IPO, the available categories in the structure table include QIB, Retail, Non-Institutional Investors (NII/HNI). The NII/HNI category includes SHNI and BHNI sub-categories. Investors can use this table to understand category-wise allocation before applying.
QIB stands for Qualified Institutional Buyers. This category includes mutual funds, banks, insurance companies, and other large financial institutions.
In Meesho Ltd IPO, 75% shares are reserved under the QIB category, with 36,62,97,541 shares offered, and an allocation amount of ₹4,065.90 crore.
The Retail category is reserved for individual investors and HUFs applying for up to Rs 2 lakh within the retail investment limit allowed under IPO rules.
In Meesho Ltd IPO, 10% shares are reserved under the Retail category, with 4,88,39,672 shares offered, and an allocation amount of ₹542.12 crore.
NII/HNI stands for Non-Institutional Investors / High Net-Worth Individuals. This category generally includes investors applying for more than Rs 2 lakh, above the retail investment limit.
In Meesho Ltd IPO, 15% shares are reserved under the NII/HNI category, with 7,32,59,508 shares offered, and an allocation amount of ₹813.18 crore.
SHNI stands for Small HNI. It is a sub-category within the NII/HNI category and generally refers to applications for more than Rs 2 lakh but not exceeding Rs 10 lakh.
In Meesho Ltd IPO, 5% shares are reserved under the SHNI sub-category, with 2,44,19,836 shares offered, and an allocation amount of ₹271.06 crore.
BHNI stands for Big HNI. It is a sub-category within the NII/HNI category and generally refers to applications for more than Rs 10 lakh.
In Meesho Ltd IPO, 10% shares are reserved under the BHNI sub-category, with 4,88,39,672 shares offered, and an allocation amount of ₹542.12 crore.
Understand retail lot size, HNI application limits, employee category, shareholder category and investment amount calculations using the IPO lot table.
Lot size is the minimum number of shares an investor must apply for in an IPO. IPO applications are usually made in fixed lot multiples.
For Meesho Ltd IPO, the minimum lot size is 135 shares. At the upper price band of Rs 111 per share, the minimum application amount is Rs 14,985. Applications must be made in multiples of 135 shares.
Retail minimum application shows the minimum application size for retail investors.
For Meesho Ltd IPO, the Retail minimum application is 135 shares (1 lot) for about Rs 14,985.
Retail maximum application shows the maximum application size generally available under the retail category.
For Meesho Ltd IPO, the Retail maximum application is 1,755 shares (13 lots) for about Rs 1,94,805.
SHNI minimum application shows the minimum application size for the Small HNI category.
For Meesho Ltd IPO, the SHNI minimum application is 1,890 shares (14 lots) for about Rs 2,09,790.
SHNI maximum application shows the maximum application size available under the Small HNI category, when provided.
For Meesho Ltd IPO, the SHNI maximum application is 8,910 shares (66 lots) for about Rs 9,89,010.
BHNI minimum application shows the minimum application size for the Big HNI category.
For Meesho Ltd IPO, the BHNI minimum application is 9,045 shares (67 lots) for about Rs 10,03,995.
Understand important financial figures in simple language using the financial statement data available for the IPO.
Financial Highlights show important numbers from the company's financial statements. These may include income, expenses, profit, assets, liabilities, cash flow and other financial information, depending on the data available for the IPO.
The table displays available financial data based on the IPO information currently available. Fields may differ from company to company depending on disclosures and reporting format.
Investors should read the table to understand the company's financial performance and financial position over different periods.
The table may help users review income, expenses, profitability, balance sheet position, cash movement or other financial information, depending on the available data.
Financial statement line items may differ because companies operate in different industries and may follow different reporting formats.
Some companies may provide detailed financial breakup, while others may present broader financial categories.
Investors should review income, expenses, profitability, debt position, asset base, liabilities and cash flow position together.
A single financial figure should not be used alone to judge the company.
Profit is important, but it does not show the full financial picture.
Investors should also review revenue quality, expenses, debt, assets, liabilities, cash flow, valuation and business risks.
Cash flow helps investors understand how money moves in and out of the business.
A company may report profit but still face cash flow pressure, so cash flow should be reviewed along with profit, debt and balance sheet information.
No. Financial Highlights are useful, but investors should also review valuation, peer comparison, KPI data, business risks, IPO pricing, management discussion and official offer documents such as the RHP or DRHP.
Understand how the company may be compared with similar businesses using the peer comparison data available for the IPO.
Peer Comparison means comparing the IPO company with businesses operating in a similar sector or industry.
It helps investors understand the company in a broader industry context.
Peer Comparison helps investors understand how the company can be compared with similar businesses using available financial or valuation metrics.
It is useful for context, but it should not be treated as a final investment conclusion.
Peer comparison metrics may differ depending on the companies selected, accounting format, business model and available public information.
Investors should compare only relevant and similar metrics.
Investors should use the peer comparison table as a reference point.
Available metrics should be read together with business model, scale, profitability, margins, debt, growth, valuation and IPO pricing.
No. Peer Comparison does not directly decide whether an IPO is good or bad.
It only provides context for comparison. Final analysis should include financial statements, KPI data, valuation, risk factors and official offer documents.
No. Peer Comparison is only one part of IPO analysis.
Investors should also review financial statements, KPI data, business risks, valuation, IPO pricing and company fundamentals.
Understand important KPI metrics in simple language using the key performance indicator data available for the IPO.
Key Performance Indicators, or KPIs, are financial and valuation metrics used to understand profitability, efficiency, leverage, return-based ratios and earnings performance.
They help investors understand the company beyond basic financial figures.
KPIs help investors assess profitability, capital efficiency, leverage, valuation and earnings quality.
They should be reviewed together with financial statements, peer comparison and IPO pricing.
KPI data may differ depending on the company, industry, financial disclosures and available offer document information.
Not every IPO may provide every KPI, and some metrics may not be applicable to every business.
Investors should read KPI metrics together instead of relying on one ratio.
A single KPI may not give the full picture unless it is reviewed with financial statements, peer comparison, business model and valuation.
No. High or low KPI values need context.
The meaning of a ratio may differ depending on industry, business model, debt level, growth stage, profitability and IPO valuation.
No. KPI data is useful, but it should not be used alone.
Investors should also review financial statements, peer comparison, business risks, valuation, IPO pricing and official offer documents such as the RHP or DRHP.