Meesho IPO Details 2025: Key Highlights

Meesho, a leading Indian e-commerce platform will open IPO for subscription on Wednesday, December 3, 2025 with an aim to raise ₹5,421.20 crores through a combination of a fresh issue and an offer for sale.

Allocation

Allocation across investor categories follows the usual norms:

• Qualified Institutional Buyers (QIBs): Up to 75% reserved

• Non-Institutional Investors (NIIs): Up to 15%

• Retail Investors: Up to 10%

About Meesho Ltd.

Meesho Ltd. is a multi-sided technology platform incorporated in 2015 connecting consumers, sellers, logistics partners and content creators. The platform enables affordable e-commerce and supports a broad base of sellers and users. For the twelve months ended September 30, 2025, Meesho had:

• Annual Transacting Sellers: 706,471​
• Annual Transacting Users: 234.20 million​
• Employees: 2,082 full-time employees​
• Logistics Network: Operates under Valmo, integrating third-party logistics partners.

Strengths

• Meesho mobile app supports 10 Indian languages (English, Hindi, Bengali, Tamil, Gujarati etc) with multi-modal search such as text, voice, image.​

• The Company offers "Everyday Low Prices" via zero-commission for sellers and asset-light operations, driving revenue growth from ₹5,735 crore in FY23 to ₹9,390 crore in FY25.​

​Risks

• The company has been making losses almost every year - ₹3,941 crore in FY25, ₹327 crore in FY24, ₹1,671 crore in FY23.

• It has negative cash flow, which means it spends more money than it earns. In Apr–Jun 2025: ₹1,268 crore in FY23 ₹2,308 crore negative cash flow.

• Meesho does not handle most deliveries itself. It depends on outside logistics partners.

• Most of the orders are Cash on Delivery (CoD), which increases costs, failed deliveries and risks.

FAQs