Meesho's Rs 5,421 crore IPO to open on December 3, price band fixed at Rs 105–Rs 111 per share

SoftBank-backed e-commerce platform Meesho has announced the price band for its Initial Public Offering (IPO) at Rs 105 to Rs 111 per equity share of face value Rs 1 each. The IPO comprises a fresh issue aggregating up to Rs 4,250 crore and an offer for sale (OFS) of up to 10.55 crore equity shares by existing shareholders.

At the upper end of the price band, the IPO size stands at Rs 5,421.05 crore.

The bid/offer will open on Wednesday, December 3, and close on Friday, December 5, with anchor investor bidding scheduled for Tuesday, December 2, 2025.


The equity shares will be listed on the main board platform of the stock exchanges.

Meesho IPO structure

The IPO consists of two components: a fresh issue of equity shares worth up to Rs 4,250 crore, and an offer for sale of up to 10.55 crore shares.

The OFS will see major shareholders dilute part of their holdings, including Elevation Capital V Ltd, Vidit Aatrey, Sanjeev Kumar, Peak XV Partners, Venture Highway, and others.

The proceeds from the OFS will not be available to the company. However, the capital raised through the fresh issue will be utilised to fund organic growth initiatives, improve technological infrastructure, and strengthen Meesho's marketplace capabilities.

Meesho financial snapshot

As per the restated consolidated financial information, Meesho has reported a loss for Fiscal 2025. Consequently, the basic and diluted EPS remain negative, making it impossible to determine a price-to-earnings (P/E) ratio for the company. Despite this, industry peers command a steep average P/E ratio of 399.28x, highlighting the lofty valuations within the sector.

Notably, the company’s strong topline user and order metrics indicate continued traction despite the losses, signaling potential upside as Meesho scales further.

In the six months ending September 30, 2025, Meesho reported 234.2 million annual transacting users, up from 175.1 million in the same period a year earlier. The company also recorded 1,261.14 million placed orders, compared to 824.59 million in the same timeframe in 2024.

On the seller side, annual transacting sellers grew to 706,471 in the last twelve months ending September 2025, up from 440,824 a year earlier. Each seller saw an average of 3,214.5 placed orders, a solid base indicating platform stickiness and seller engagement.

Book running lead managers and registrar to the issue

The IPO is being led by a consortium of top investment banks including Kotak Mahindra Capital, J.P. Morgan, Morgan Stanley, Axis Capital, and Citigroup. The registrar to the offer is KFin Technologies Limited.

Meesho shares listing and allotment

The basis of allotment will be finalised on or around December 8, with refunds and share credit to demat accounts scheduled for December 9. Trading of shares is expected to commence from Wednesday, December 10, subject to regulatory approvals.

Also read: Rs 30,000 crore IPO gold rush triggers worst selling by retail investors since FY19

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