Meesho IPO details: The wait is over for investors. Meesho, the homegrown e-commerce challenger backed by SoftBank, is finally set to hit the primary market with its much-anticipated Initial Public Offering (IPO) next week. The company has fixed a price band of ₹105 to ₹111 per share for its public issue, which aims to raise a substantial ₹5,421 crore and marks one of the most significant market debuts of the year.
Scheduled to open for subscription on December 3, 2025, and close on December 5, 2025, this IPO is a critical milestone for the Indian e-commerce landscape. The Bengaluru-based platform, known for its deep penetration in Tier-2 and Tier-3 cities, will see its shares listed on both BSE and NSE around December 10, 2025.
A Deep Dive into the Meesho IPO Structure
The Meesho IPO is a mix of a fresh issue of shares and an offer for sale (OFS) by existing investors. This structure is common for companies looking to raise capital for growth while providing an exit path for early backers.
The total issue size of ₹5,421.20 crores comprises a fresh issue of ₹4,250 crores and an OFS of ₹1,171.20 crores . The OFS will see shares being sold by promoters Vidit Aatreya and Sanjeev Barnwal, along with major investors like Elevation Capital, Peak XV Partners, and SoftBank.
The reservation quota is heavily skewed towards institutional investors. The allocation is as follows:
- 75% for Qualified Institutional Buyers (QIBs)
- 15% for Non-Institutional Investors (NIIs/HNIs)
- 10% for Retail Individual Investors
For Investors: Lot Size and Investment Amount
For retail investors, understanding the lot size is key to applying. The company has set the minimum bid lot at 135 shares.
The table below breaks down the investment amounts required for different investor categories based on the upper price band of ₹111:
| Investor Category | Lot Size (Shares) | Minimum Investment |
|---|---|---|
| Retail Investor | 135 | ₹14,985 |
| Small HNI | 1,890 | ₹2,09,790 |
| Large HNI | 9,045 | ₹10,03,995 |
Breaking Down the IPO Timeline
The entire process from subscription to listing is expected to unfold over a single week. Anchor investors will get a one-day priority, with their subscription opening on December 2, 2025.
Here are the key dates for your calendar:
- IPO Open Date: December 3, 2025
- IPO Close Date: December 5, 2025
- Tentative Allotment: December 8, 2025
- Initiation of Refunds: December 9, 2025
- Credit of Shares to Demat: December 9, 2025
- Tentative Listing Date: December 10, 2025
Where Will The IPO Money Be Used?
A significant part of the intrigue around any IPO is how the company plans to utilize the freshly raised capital. Meesho has outlined clear objectives for the ₹4,250 crore it will receive from the fresh issue.
The funds are primarily earmarked for aggressive growth and technological advancement. A major chunk, ₹1,390 crore, will be invested in cloud infrastructure through its subsidiary, MTPL. Another ₹1,020 crore is allocated for marketing and brand initiatives to deepen its market reach. Furthermore, ₹480 crore is set aside for salaries of its machine learning and AI teams, underscoring a focus on tech-driven growth . The remaining amount will fund inorganic growth and general corporate purposes.
The Financial Health: Losses, Revenue, and The “Reverse Flip”
A glance at Meesho’s financials reveals a net loss of ₹3,941 crores for FY25, a significant jump from ₹327 crores the previous year . However, this figure requires context.
This massive loss is largely attributed to a one-time tax expense due to the company’s “reverse flip” – a process where it moved its parent entity from the U.S. to India to list domestically. Excluding this exceptional item, the company’s adjusted net loss was a much lower ₹108 crores, indicating that its core operations are nearing profitability.
On the operational front, Meesho shows promising traction. For the April-September 2025 period, the company’s loss narrowed to ₹700.7 crores from ₹2,512.9 crores a year earlier, while revenue grew 29.4% to ₹5,577.5 crores . The platform boasts over 23 crore annual transacting users, with more than 80% of orders originating from smaller cities, cementing its position as the e-commerce platform for “Bharat”.
GMP and Market Sentiment
In the grey market, which is an unofficial platform for trading IPO shares before listing, Meesho’s shares are reportedly commanding a premium. The Grey Market Premium (GMP) is around ₹33 per share, suggesting a strong investor appetite and a potential listing pop . This positive sentiment reflects market confidence in Meesho’s growth story and its unique positioning in the Indian e-commerce sector.
The Road Ahead
All eyes are now on the subscription numbers that will start pouring in from December 3rd.The success of this public offer will not only determine Meesho’s future as a publicly-traded company but also serve as a key indicator of market sentiment towards Indian tech startups and their path to profitability. For millions of investors, this is a chance to own a piece of a platform that has redefined online shopping for middle India.
Disclaimer: This article is for informational purposes only. The securities market is subject to market risks. Please consult a certified investment advisor before making any financial decisions. The author and publisher are not responsible for any investment decisions made based on this information.
1 thought on “Meesho IPO details: meEsho Sets ₹105-111 Price Band for Landmark ₹5,421 Crore IPO, Opens December 3”