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IPO · Commerce & Consumer Brands

Meesho completes public listing following successful IPO

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Date
Company
Meesho
What it does
E-commerce marketplace for small businesses
Kind
IPO
Amount
Rs 5,421 crore
Stage
public
Based in
Bengaluru
Founded
2015
Sector
Commerce & Consumer Brands

What they do

Meesho operates an e-commerce platform connecting small sellers with consumers, originally starting as a hyperlocal fashion delivery service before pivoting…

What happened

The company faced tax disputes that jumped to Rs 2,071.8 crore in FY26, more than threefold from FY25

Why it matters

Following its market debut, the company reported FY26 revenue of Rs 12,626 crore while narrowing its annual losses to Rs 1,358 crore

The details

  • Meesho successfully completed its IPO (Initial Public Offering) in December 2025.
  • The offering included a fresh issue of Rs 4,250 crore and an offer for sale of Rs 1,171 crore.
  • The IPO was highly sought after, achieving a subscription rate of approximately 79 times.
  • Shares listed on the NSE and BSE on December 10, 2025, with a significant premium over the issue price.
  • As of August 20, 2026, the company maintains a market capitalisation of approximately Rs 95,000 crore.

The bigger picture

  • The company is currently managing significant tax disputes totaling Rs 2,071.8 crore for FY26.
  • Management has challenged a Rs 572 crore tax demand notice in court and secured a stay order.
  • The company is actively appealing a separate tax demand of Rs 14,997.38 million related to the 2023-24 assessment year.

About the business

  • Meesho provides a digital marketplace platform for small businesses and individual sellers.
  • The company utilizes a vast network of 18,000 logistics partners and 120,000 delivery agents.
  • It leverages social commerce through over 63,000 active content creators who generate millions of orders.
  • The platform served approximately 190 million users by the end of 2024.

What happens next

  • The company plans to continue investing in user acquisition and technology to build a larger, more engaged user base.

The deal

Type
IPO

Founders

  • Vidit Aatrey, Co-founder and CEO
  • Sanjeev Barnwal, Co-founder

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