Meesho IPO
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Meesho IPO details
Schedule of Meesho
| Issue open date | 03 Dec 2025 |
| Issue close date | 05 Dec 2025 |
| UPI mandate deadline | 05 Dec 2025 (5 PM) |
| Allotment finalization | 08 Dec 2025 |
| Refund initiation | 09 Dec 2025 |
| Share credit | 09 Dec 2025 |
| Listing date | 10 Dec 2025 |
| Mandate end date | 20 Dec 2025 |
| Lock-in end date for anchor investors (50%) | 07 Jan 2026 |
| Lock-in end date for anchor investors (remaining) | 08 Mar 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Meesho
Meesho is a value-driven e-commerce marketplace operating under Fashnear Technologies Private Limited. Its zero-commission, asset-light platform connects consumers, sellers, logistics partners and content creators across India, enabling small businesses to sell nationwide using social media and simple digital tools. As of June 30, 2025, Meesho had 213 million annual transacting users and processed ~2 billion orders in the last twelve months.
Meesho’s model is built on Everyday Low Prices, strong technology investments and a growing seller network. The company continues to scale AI-based recommendations, improve logistics efficiency through Valmo and expand into content commerce and financial services, while empowering small entrepreneurs across India.
Financials of Meesho
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 5421.20 |
| Fresh Issue – Proceeds go to the company | 4250 |
| Offer for sale – Proceeds go to the existing investors | 1171.20 |
Utilisation of proceeds
| Purpose | INR crores |
| Investment for cloud infrastructure in MTPL (Subsidiary) | 1390 (32.71%) |
| Salaries for ML, AI & technology teams for development at MTPL | 480 (11.29%) |
| Investment in MTPL for marketing and brand initiatives | 1020 (24%) |
| Funding inorganic growth and general corporate purposes | 1360 (32%) |
Strengths
- Leading value-focused e-commerce platform with the largest user base in India.
- Asset-light, capital-efficient model powered by AI and data-driven flywheels.
- Zero-commission structure enabling sellers to offer low prices profitably.
- Strong logistics network (Valmo) reducing delivery costs and improving efficiency.
- Advanced AI-driven personalization and risk management enhancing trust and scale.
Risks
- Intense competition from large domestic and global e-commerce players.
- Dependence on small, fragmented sellers may impact product quality and trust.
- High reliance on cash-on-delivery orders affecting efficiency and cash flow.
- Regulatory uncertainty around e-commerce, FDI, and data protection norms.
- Potential brand damage from counterfeit goods or negative publicity.
Allotment Status for Meesho
To check your IPO allotment status:
- Visit the Kfin Technologies IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status.
Subscription Figures for Meesho
As per media reports (Link), the Grey Market Premium (GMP) of Meesho is reported at ₹42 over the IPO price. This metric is not reliable, and to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 5:00 PM on December 03, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 1465.19 | 3194.96 | 2.18x |
| NII | 732.60 | 1380.06 | 1.88x |
| Retail | 488.40 | 1971.74 | 4.04x |
| Total | 2686.18 | 6546.76 | 2.44x |