Key Highlights of the budget-friendly e-commerce platform Meesho Limited IPO (As per Report)
Strong Market Position: Leading value-led e-commerce platform with significant penetration in Tier-2 and Tier-3 regions.
Rapid User Growth: Annual transacting users rose from 136M in FY23 to over 213M by Q1 FY26.
Scalable, Low-Cost Model: Zero-commission marketplace and efficient fulfilment ecosystem driving seller and user growth.
Improving Operational Metrics: Higher order frequency, growing GMV/NMV, and strong seller ecosystem reflect rising platform stickiness.
Financial Trajectory: Revenue momentum remains strong with improving unit economics and pathway toward breakeven.

 (L-R): Rajat Ranjan, Kotak Mahindra Capital Company, Kamal Yadav, Morgan Stanley, Morgan Stanley India Company, Dhiresh Bansal, CFO, Meesho, Vidit Aatrey (Chairman, MD and CEO, Meesho), Sanjeev Kumar (Whole-Time Director and CTO, Meesho)and Abhinav Bharti, J.P. Morgan India at the Meesho’s press conference to announce their Initial Public Offering

MUMBAI, (RMN): Meesho Limited, the SoftBank-backed e-commerce platform aims to raise Rs 5,421 crore through it’s Initial Public Offering (IPO) to be listed on the bourse’s.Meesho has fixed the IPO price bands at Rs 105 to Rs 111 per equity share of the face value of Rs. 1. Meesho IPO date of subscription is from Wednesday, December 3, to Friday, December 5. The allocation to anchor investors is scheduled to take place on Tuesday, December 2. Investors can apply for Meesho IPO in a lot size of 135 equity shares and multiples thereafter. At the upper end of the band, the company is valued at Rs 50,096 crore (approx. USD 5.6 billion).

Meesho IPO has reserved not less than 75% of the shares in the public issue for qualified institutional buyers (QIBs), not more than 15% for non-institutional Investors (NIIs), and not more than 10% of the offer is reserved for retail investors.Tentatively, Meesho IPO’s basis of allotment of shares will be finalised on Monday, December 8, and the company will initiate refunds on Tuesday, December 9.

The total issue size of Rs 5, 421 crore comprises of two components. A fresh issue of shares worth Rs 4,250 crore. And, an Offer for Sale (OFS) of 10.55 crores shares, valued at approximately Rs 1,171 crore at the upper price band by existing investors. Among the selling shareholders in the OFS are marquee names like Elevation Capital, Peak XV Partners, Golden Summit, Y Combinator, and the promoters. The promoters hold an 18.5% stake in Meesho, while public shareholders own 81.50% of the shares. The largest shareholders in the company include Elevation Capital (15.11% stake), Prosus’ Naspers Ventures (12.34%), and Peak XV Partners (11.3%), followed by Softbank-owned SVF II Meerkat (9.3%) and WestBridge Crossover Fund (3.92%).

Meesho Limited plans to allocate Rs 1,390 crore of the fresh issue proceeds for enhancing cloud infrastructure at its subsidiary, Meesho Technologies, and Rs 1,020 crore towards marketing and branding efforts for the same subsidiary.In addition, Rs 480 crore will be designated for covering salaries of current employees and new hires within the Machine Learning and AI technology teams for the development initiatives carried out by the same subsidiary, with the remaining funds from the fresh issue aimed at supporting inorganic growth and general corporate purposes.

The Book Running Lead Managers (BRLMs) for Meesho Limited IPO comprises Kotak Mahindra Capital Company, JP Morgan India, Morgan Stanley India Company, Axis Capital, and Citigroup Global Markets India, with Kfin Technologies Ltd. serving as the issue’s registrar. Meesho shares are likely to list on the BSE and NSE on Wednesday, December 10.

On October 14, the SEBI approved the IPO documents of Meesho, which were submitted through a confidential route in July of this year. Following the approval of the document, the company submitted an updated Draft Red Herring Prospectus (DRHP) on October 18.Meesho has reduced its losses to Rs 700.7 crore for the six months ending September 2025, down from a loss of Rs 2,512.9 crore in the same period last year. During this period, the revenue increased by 29.40%, reaching Rs 5,577.5 crore, up from Rs 4,311.3 crore.

Founded by Vidit Aatrey and Sanjeev Kumar, Meesho claims to be the largest in terms of the number of orders placed and annual transacting users among e-commerce companies in India over the twelve months leading up to September 2025, as reported by Redseer.Incorporated in 2015 and headquartered in Bengaluru, Meesho Ltd. operates a multi-sided e-commerce marketplace that connects consumers, sellers, logistics partners, and content creators. Meesho’s operating philosophy centres on expanding access to affordable online shopping across consumer segments, reinforced by an “everyday low prices” value proposition. The platform has become India’s largest e-commerce player by Placed Orders and Annual Transacting Users for the twelve months ended June 30, 2025. The company follows a zero-commission marketplace model and generates revenue primarily through seller services rather than consumer charges (zero-platform fees). Its core monetisation streams include logistics and fulfilment fees, advertising solutions and data/insight tools for sellers.