Subscribe for Meesho Ltd IPO; Ajcon Global

Ajcon Global, Meesho Ltd

Meesho is a technology-led, horizontal e-commerce marketplace focused on democratizing online retail for India’s value-driven mass market. The company’s mission centers on making e-commerce accessible and affordable for millions of consumers, particularly those in Tier-2+ regions, who prefer unbranded, valuecentric products. Over the years, Meesho has scaled rapidly, serving more than 198.77 million annual transacting users in FY25 and enabling over one million small sellers, including manufacturers and micro-entrepreneurs, to participate in digital commerce. Its platform is built around low commissions, transparent policies, and simple onboarding, making it a preferred marketplace for small businesses seeking nationwide reach.

Valuation and Outlook

Meesho is positioned to capture India’s growing value led e-commerce demand through strong user adoption, deep tier-2+ presence, and an efficient, low-cost operating model supported by VALMO. However, sustained profitability remains a critical factor for long-term investors to monitor, given recent volatility driven by exceptional charges. Short-term participants may consider the possibility of early listing-day gains, but long-term returns will depend on Meesho’s ability to consistently improve margins and maintain disciplined cost structures.We give a ‘SUBSCRIBE’ rating to the issue.

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