Meesho IPO

About Meesho IPO

Low-cost e-commerce platform Meesho has filed papers through the confidential route with Sebi for its IPO. As per sources, the company plans to raise ₹4250 crores through its IPO and may comprise an offer for sale along with a fresh issue. The exact dates of the IPO are yet to be announced. Meesho is one of India’s fastest-growing e-commerce platforms, facilitating direct communication between suppliers and consumers.

Objectives of Meesho IPO

TBA

Industry Outlook

India's e-commerce industry is expected to reach $550 billion by 2035, as per a joint report by ANAROCK and ETRetail. According to the report, the country's e-commerce market was valued at $125 billion in 2024 and is projected to surge to $345 billion by 2030. This growth will primarily be fuelled by increasing internet penetration, widespread adoption of smartphones and enhanced digital payment infrastructure. Also, a key driver of this expansion is the rising participation of consumers from smaller cities.

Company Information

Founded in 2015, Meesho connects millions of consumers with sellers and entrepreneurs. Aiming to democratise internet commerce, Meesho operates from its Bengaluru headquarters. The first Indian e-commerce platform to eliminate seller fees, it has several active listings every day across various categories, including beauty, baby care, fashion, home & kitchen, and more.

Strengths of Meesho

• One of India's top ranked reselling platforms
  
• PAN India presence
  
• Community building and customer loyalty programme
  

Risks of Meesho IPO

• Technical glitches and fraudulent resellers
  
• Risk of low-quality products
  
• Issues related to product pickups
  

Anchor Investor Bidding Date TBA

IPO Registrar and Book Running Lead Managers

• IPO Registrar: TBA
• Book Running Lead Managers: TBA

Business Model

Meesho primarily operates as an e-commerce platform. It follows a D2C model, connecting suppliers and customers through individual resellers. It follows a zero-commission model for sellers across all product categories, aiming to democratise e-commerce and support small businesses. However, it does charge commission from D2C brands for Meesho Mall.

Company Growth Trajectory

The company recorded an operating revenue of ₹7,615 crores in FY24, which is an increase of 33% compared to ₹5735 crores in FY23. Its adjusted losses (excluding ESOPs) fell to 97% to just ₹53 crore in FY 24 from ₹1,569 crore the year before. Thus, the company made notable progress towards profitability.

Market Position

Meesho reached a gross merchandise value (GMV) run rate of $6.2 billion for FY 25. It thus solidified its position as the country's third-largest platform by GMV. CLSA expects Meesho to grow its share in the country's e-commerce market from 8.5% to 10% over the next 6 years.

How to Check Allotment Status of Meesho IPO?

1. Visit the Registrar’s Website

Visit the registrar's website and locate the link to check your allotment status. Choose the name of the company from ‘Select Company’ dropdown and enter either your PAN, application number, DP/Client ID, etc. Click on Submit to check the status.

2. Check on the National Stock Exchange Website

The National Stock Exchange (NSE) website has an IPO bid verification module. You can use it to check the allotment status of Meesho IPO. Go to the NSE website and find the 'Invest' tab. Click on 'Verify IPO Bids' under 'Resources & Tools'.

On the NSE IPO bid verification page, enter:

• Company name from the dropdown
  
• Application number
  
• PAN
  

Then click 'Submit' to know the allotment status.

3. Check on the BSE Website

The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to the BSE website and find the 'Investors' tab. Under 'Investors', click on 'IPO'. This will take you to the IPO allotment status page. On the BSE IPO page, follow these steps:

• Select 'Equity' from the dropdown menu
  
• Choose 'Meesho' in the next dropdown
  
• Enter your application number
  
• Enter your PAN
  
• Click 'Search’ to know allotment status
  

How to Apply for the Meesho IPO?

To apply for this IPO:

• Log in to your Kotak Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
  
• Specify IPO details: Enter the number of lots and the price you wish to apply for.
  
• Enter UPI ID: After entering your UPI ID, click submit. This will place your bid with the exchange.
  
• Mandate Notification: Your UPI app will receive a mandate notification to block funds.
  
• Approve Request: Your funds will be blocked once you approve the mandate request on your UPI.