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IPO · Commerce & Consumer Brands

Meesho completes initial public offering on NSE

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Date
Company
Meesho
What it does
E-commerce platform for small businesses
Kind
IPO
Amount
₹5,421.20 Cr
Stage
public
Sector
Commerce & Consumer Brands

What they do

Meesho operates an e-commerce platform that enables small businesses and individuals to sell products online

What happened

The company raised ₹5,421.20 crore through an IPO consisting of a fresh issue and an offer for sale

Why it matters

The stock currently trades at ₹222.75, reflecting a significant increase from its initial issue price of ₹111

The details

  • Meesho completed an initial public offering (IPO) on the National Stock Exchange (NSE) in December 2025.
  • The total issue size was ₹5,421.20 crore, comprising a fresh issue of shares and an offer for sale.
  • The company issued 382,882,882 new equity shares to raise ₹4,250 crore for business growth.
  • Existing shareholders sold 105,513,839 shares to generate ₹1,171.20 crore in liquidity.
  • The shares were priced at ₹111 per share during the book-building process.
  • As of September 11, 2026, the stock price reached ₹222.75, representing a substantial gain for investors.

The bigger picture

  • The company plans to use the IPO proceeds to invest in cloud infrastructure and its subsidiary, MTPL.
  • Funds are allocated for salaries of technology, AI, and machine learning teams to support product development.
  • Capital will also support marketing and brand initiatives to expand the company's market reach.

About the business

  • Meesho provides an online marketplace platform primarily serving small businesses and individual resellers.
  • The company operates within the broader e-commerce and retail sector in India.
  • Financial metrics as of September 2026 show a market capitalization of ₹1,00,365.86 crore.
  • The company reported an EPS (earnings per share) of -₹2.6 for the period.
  • Current performance indicators include a P/B (price-to-book) ratio of 26.32x.
  • The company is currently focused on scaling its technology infrastructure and brand presence.

What happens next

  • Invest in cloud infrastructure for the company and its subsidiary MTPL.
  • Fund salaries for AI, machine learning, and technology teams.
  • Deploy capital for marketing and brand-building initiatives.

The deal

Type
IPO

Investors

  • Elevation Capital V Limited (seller) — Corporate shareholder that sold shares during the IPO.
  • Peak XV Partners Investments V (seller) — Corporate shareholder that sold shares during the IPO.

Founders

  • Vidit Aatrey, Founder
  • Sanjeev Barnwal, Founder

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