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Meesho IPO
Price Band
₹105.0–111.0
Issue Size
₹5421.2 Cr
Lot Size
135 shares
Min Investment
₹14,985
GMP
+₹42.0 (37.84%)
Issue Price
₹111.0
Subject to Sauda
₹4300
Paid only if allotted
Meesho IPO AI Summary
- Meesho IPO is listed on BSE, NSE in the E-Retail/ E-Commerce sector.
- Price band: ₹105.0–₹111.0 per share, lot size 135 shares (min. investment ₹14,985).
- Subscription window: 03 Dec–05 Dec 2025, listing on 10 Dec 2025.
- Current GMP is +₹42.0 (37.84%), an estimated listing price of ₹153 — unofficial and can change daily.
Meesho Limited is an e-commerce platform seeking to raise ₹5,421.2 Cr through its IPO, with an issue price of ₹111.0 per share. The company has shown operational growth but continues to report losses, which may affect investor sentiment.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Meesho IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 05 Dec 2025 — not a current signal.
Reviewers are split — see individual calls below.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Meesho IPO Grey Market Premium (GMP) Today
GMP
+₹42.0
GMP %
+37.84%
Est. Listing
₹153.0
Updated: 25 Jul 2026 14:15
About the Company
Incorporated in 2015, Meesho Limited is a multi-sided technology platform driving e-commerce in India by connecting four key stakeholders — consumers, sellers, logistics partners, and content creators. The company operates its e-commerce marketplace under the brand name Meesho, enabling consumers to access a wide range of affordable products while offering sellers a low-cost platform to grow their businesses. Meesho operates through two business segments: Marketplace – a technology-driven platform facilitating transactions between consumers, sellers, logistics partners, and content creators. Revenue from this segment primarily includes income from services provided to sellers, such as order fulfilment, advertising, and seller insights. New Initiatives – which include a low-cost local logistics network for daily essentials and a digital financial services platform. The company has demonstrated strong operational growth, with a steady rise in placed orders and a broadening base of transacting users and sellers. For the twelve months ended September 30, 2025, Meesho had 706,471 annual transacting sellers and 234.20 million annual transacting users. Its logistics network, operated under Valmo, integrates third-party logistics providers, including first and last-mile delivery partners, sorting centres, and truck operators, to ensure efficient order fulfilment across India. As of September 30, 2025, Meesho employed 2,082 full-time employees. The company’s focus on cost efficiency and technological innovation has enabled it to maintain a positive cash flow position while strategically investing in new business verticals to expand its digital ecosystem.
Company Financials (₹ Cr)
As of 2025-09-30
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 6,640.39 | 7,226.09 | 4,160.99 | 3,853.35 |
| Total Income | 5,857.69 | 9,900.90 | 7,859.24 | 5,897.69 |
| Profit After Tax | -700.72 | -3,941.71 | -327.64 | -1,671.90 |
| EBITDA | -551.87 | -219.59 | -230.15 | -1,693.73 |
| NET Worth | 968.87 | 1,561.88 | 2,301.64 | 2,548.31 |
Key Ratios
EPS
₹-9.54
NAV
₹3.68
RoNW
-252.37%
P/B Value
30.16
P/E Ratio
-11.63
Market Cap
₹50095.75 Cr
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Avenue Supermarts Limited | 329.29 | 13.63% | 98.43 | 41.61 | 41.5 |
| Trent Limited | 153.64 | 27.93% | 100.87 | 43.51 | 43.51 |
| Vishal Mega Mart Limited | 13.92 | 9.85% | 99.53 | 1.4 | 1.36 |
| Fsn E-commerce Ventures Limited | 4.55 | 5.21% | 1168.43 | 0.23 | 0.23 |
| Brainbees Solutions Limited | 91 | -26.63% | — | -4.11 | -4.11 |
| Swiggy Limited | 40.98 | -30.5% | — | -13.72 | -13.72 |
| Eternal Limited | 31.42 | 2.16% | 529.14 | 0.6 | 0.58 |
| Meesho This IPO | 3.68 | -252.37% | — | -9.98 | -9.98 |
Promoters
Vidit Aatrey and Sanjeev Kumar
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Investment for cloud infrastructure, in MTPL, Subsidiary 1,390.00 2 Payment of salaries of the existing and replacement hires for the Machine Learning and AI and technology teams for AI and technology development undertaken by MTPL, the Subsidiary 480.00 3 Investment in MTPL, Subsidiary, for expenditure towards marketing and brand initiatives 1,020.00 4 Funding inorganic growth through acquisitions and other strategic initiatives and general corporate purposes# 1,197.83 5 Issue Expenses 206.96 Total 4,294.79
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹5,857.69 Cr for the period ending 30 Sep 2025, down from ₹9,900.90 Cr for the year ending 31 Mar 2025. This indicates a decline in revenue, though this is a 6-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax was -₹700.72 Cr for the period ending 30 Sep 2025, an improvement from -₹3,941.71 Cr for the year ending 31 Mar 2025. This suggests a reduction in losses, though the company continues to report negative profitability.
Valuation
Meesho's implied P/E ratio at the issue price is -11.63, compared to peers trading at a P/E range of approximately 98.43 to 1168.43. This indicates that Meesho is priced at a negative earnings multiple, reflecting its current financial challenges.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the expected listing price of an IPO. It reflects the demand and supply dynamics in the grey market, where shares are traded before they are officially listed. A high GMP suggests strong demand for the shares, while a low GMP indicates weaker demand.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their risk appetite and investment goals. It's important to consider the company's growth potential and financial health.
Who May Want to Wait
Conservative investors or those averse to high-risk investments may want to avoid this IPO, particularly given the company's current negative profitability and financial challenges.
Listing Gains — The Risk
Listing-day gains can be unpredictable and are influenced by market conditions, investor sentiment, and the company's performance. While a positive GMP may indicate potential gains, there are no guarantees, and investors should be prepared for the possibility of losses.
This evaluation is generated from Meesho's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Meesho IPO GMP today?
Meesho IPO GMP today is +₹42.0 (37.84%), indicating an estimated listing price of ₹153. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Meesho IPO?
The price band of Meesho IPO is ₹105.0–₹111.0 per share.
When does Meesho IPO open and close?
Meesho IPO opens on 03 December 2025 and closes on 05 December 2025.
When does Meesho IPO list on the stock exchange?
Meesho IPO listed on 10 December 2025 at ₹153.0.
What is the lot size for Meesho IPO?
The lot size for Meesho IPO is 135 shares, requiring a minimum investment of ₹14,985.
What is the price band for Meesho's IPO?
The price band for Meesho's IPO is ₹105.0 to ₹111.0.
What is the minimum investment required?
The minimum investment required is ₹14,985.0.
What is the lot size for the IPO?
The lot size for Meesho's IPO is 135 shares.
When does the IPO open and close?
The IPO opens on December 3, 2025, and closes on December 5, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
03 Dec 2025
Close
05 Dec 2025
Allotment
08 Dec 2025
Listing
10 Dec 2025
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