Mustafa Champeli

[Mustafa Champeli @musstaffaaa]

@akshayprakash_ @go_corona_go @rgcricket Brad Haddin, going for the slog sweep and getting bowled!!

[Mustafa Champeli @musstaffaaa]

@slicebank In IPL 2009, KKR vs RR ended in a tie, the Super Over also tied, and the winner was decided by boundary count rule.

Rajasthan Royals won because they had hit more fours & sixes.

[Mustafa Champeli @musstaffaaa]

@Defi_mayor7 @grok Test 🤣

[R.K. @ipo_mantra]

MAIN BOARD IPO ALERT - OPENING TODAY

MEESHO LTD

►Dates: 3 to 5 December, 2025
►Price Band: ₹ 105 - to ₹ 111
►Lot Size: 135 shares
►IPO Size: 5421.2 crore
►Retail Quota: 10%

My notes regarding this IPO are as follows:

-Meesho is a Bengaluru based company and was founded in the year 2015

-Meesho is a multi-sided technology platform that drives e-commerce in India by bringing together 4 key stakeholders – consumers, sellers, logistics partners and content creators

-In H1FY’26, Meesho emerged as India’s largest e-commerce platform by Annual Transacting Users and annual Placed Orders among e-commerce players in India

-Meesho’s Annual Transacting Users grew 34% year-on-year in H1 FY26, with the platform continuing to see strong traction across India

-Consumers on Meesho come from various income backgrounds across India. These consumers are typically value focused, seeking a wide assortment of products at affordable prices

-Meesho offers a wide assortment of products, including low-cost unbranded products, regional brands and national brands. In the 6-month periods ended Sept 30, 2025 and Sept 30, 2024, Meesho hosted 153.72 million and 109.65 million Daily Active Product Listings respectively

-Segment revenue from Marketplace grew from ₹5,733.73 crore in FY 2023 to ₹9,385.87 crore in FY 2025

-If I talk about financials then details are as under (H1 FY 25-26):

-Revenue: ₹ 5857 crore
-PAT: ₹ -700.72 Crore

POINTS TO NOTE:

-Meesho became the largest free cash flow generator among scaled listed e-commerce companies in India in FY25

-Free Cash Flow swung from negative ₹ 2,336 crore in FY23 to positive ₹ 1,032 crore (with interest income) and ₹ 591 crore (excluding interest income) in FY25, reflecting the benefits of an asset-light, capital-efficient model that allows the company to grow scale and depth without significant capital outlay

-For the Last Twelve Months ending Sept 30, 2025, Meesho recorded Free Cash Flow of ₹ 1,010 crore

-In H1FY26, Meesho continued to invest in growth, driving NMV up ~44% year-on-year, reaching ~562 million orders showing growth of ~50% for Placed Orders

-As Meesho expanded its scale, related costs such as server and technology expenses increased, reflecting the investments required to support the platform’s growth

-As a result, H1FY26 loss before exceptional items and tax was ₹ 433 crores and net loss was ₹ 701 crores, consistent with the strategic investments Meesho is making to grow market share

-Listed Peers are: Eternal, Swiggy, Brainbees Solutions, Nykaa, Vishal Mega Mart, Trent and DMart

-The anchor book for Meesho’s IPO is robust, with ₹2,439 crore allocated across more than 60 leading global and domestic institutional investors, reflecting strong confidence and high demand ahead of listing.

-Objects of the issue are

* Investment for cloud infrastructure in Meesho Technologies Private Limited, its Subsidiary.
* Payment of salaries for existing and replacement hires in Meesho Technologies Private Limited’s Machine Learning, AI, and technology teams, critical for ongoing AI and technology development. Given the niche nature of this talent, these expenditures are justified to ensure retention.
* ₹13,900M → Cloud infra (architecting for the next 200M users), ₹4,800M → ML/AI & core tech talent, ₹10,200M → Brand + marketing flywheel, Up to 35% → Strategic M&A + general corporate.
* Investment in Meesho Technologies Pvt Ltd, its Subsidiary, for expenditure towards marketing and brand initiatives
* Funding inorganic growth through acquisitions and other strategic initiatives and general corporate purposes. Funding capital expenditure requirements of the company, towards purchase of commercial vehicles and containers
* General corporate purposes

Running GMP 50 (45% of the IPO Price)

I will post a few more details about this IPO in the coming days on Twitter and Telegram.

If you have any query, please post in the comments section.

[Mustafa Champeli @musstaffaaa]

@HaramiParindey Better buy Amazon Basics Mfin certified braided one. Cheaper and more durable & reliable

[Mustafa Champeli @musstaffaaa]

@bhav_paaji 2cr lumpsum & healthy body

[Mustafa Champeli @musstaffaaa]

RT @BCCI: Stumps on the opening day of the 4th Test in Manchester!

115 runs in the final session as #TeamIndia reach264/4 at the end of Da…

[Today In History @historigins]

5 years old - Mom, I love you.

12 years old - Mom, I can't stand you.

16 years old - My mother is very annoying.

18 years old - I'm leaving this house.

25 years old - Mom, you were right.

30 years old - I want to go to my mom's house.

50 years old - I don't want to lose my mother.

70 years old - I would give up everything to have my mom here with me.

You only have one mom. Take care of her while she's still alive.

[Mustafa Champeli @musstaffaaa]

@Mayurp1432 @Flipkart @flipkartsupport Having those issues since last 10-12 days. Called up the customer care to get the response that it is a glitch and i need to wait for it to get resolved. There was no ETA provided to me.

Let me know if your case gets resolved

[Mustafa Champeli @musstaffaaa]

@allaboutcric_ Told you! 🤣

[Mustafa Champeli @musstaffaaa]

@allaboutcric_ Super over ho toh mazaa aajayega!! 😍

[Mustafa Champeli @musstaffaaa]

@nadimspeaks @CFCAbhii @KKRiders Kardo, but knight club might be better. customer service on six5six is non existent. It took 15 days cuz it was on pre order. Orders started delivering from 31st March

[Mustafa Champeli @musstaffaaa]

@KirketXpert I have purchased it from six5six. Had preordered it.

Quality is nothing great, looks like those cheap ones. The one i have has sizing issues wherein both the sleeves are not of the same size

[Mustafa Champeli @musstaffaaa]

@golchiee @los_pollosss Mujhey KKR wali hi bheji hai. Bas ek sleeve choti aur ek badi hai!!

Aur customer care naam ki cheez hi nahi hai

[Mustafa Champeli @musstaffaaa]

@CricIndeed @cricketaakash There’s Manish Pandey for that

[Mustafa Champeli @musstaffaaa]

@redordead2389 @SajSadiqCricket They need to qualify for that first 😂

[BCCI @BCCI]

Excellent innings 👌

Congratulations Wriddhiman Saha on a wonderful career. Thank you for your incredible contribution to Indian cricket. 👏

Wishing you all the best for the future 👍

#TeamIndia | @Wriddhipops

[Mustafa Champeli @musstaffaaa]

@SpigenWorld 🎅 #TeamSpigen @azizbookwala2

[Mustafa Champeli @musstaffaaa]

@flipkartsupport Shared over DM

[Mustafa Champeli @musstaffaaa]

Dear @flipkartsupport by when can i expect the product to be delivered to me if the scheduled date of delivery was 11th October? It was then shifted to 14th October, then 16th.. and the order is yet to be delivered and there are no signs of it!!