ICICI Direct
@ICICI_Direct
Followers
105K
Following
6K
Media
8K
Statuses
21K
Join the revolution of digital investing. Support @icicidirectcare
India
Joined April 2009
https://t.co/aS3WVp7tjX If you found this insightful, feel free to share your thoughts in the comments and do like & retweet to share it with fellow investors. Disclaimer:
Meesho IPO: The E-Commerce Player Goes Public Built around a zero-commission, seller-first approach, Meesho targets small entrepreneurs and focuses on expanding online retail into Tier 2 and Tier 3 cities across India. Let’s examine Meesho’s business model and potential
0
1
0
What It Means for India’s E-commerce Story Meesho’s IPO signals a shift in Indian e-commerce, from premium, metro-centric growth to mass-market inclusion. If successful, it could: * Validate the viability of “value commerce” as a sustainable model * Encourage IPOs from new-age
1
0
0
The IPO and Market Response Meesho’s IPO includes a fresh issue and offer for sale by early investors. The company has previously raised over $1.7 billion over 12 rounds from investors such as SoftBank, Prosus, Peak XV, and Meta. Analysts expect Meesho’s listing to be a
1
0
0
How Meesho Markets and Builds Trust Unlike its larger rivals, Meesho focuses on mass-market brand building in regional languages. It blends celebrity-driven campaigns with localized creator content, reaching deeper Indian audiences. AI-led targeting, vernacular push
1
0
0
The User & Seller Ecosystem On the consumer side, Meesho has been India’s most downloaded shopping app (FY22–FY25). Average session times are among the highest in India’s e-commerce apps, driven by personalized feeds and short-form product content. For sellers, onboarding is
1
0
0
Where the Money Comes From Meesho’s model splits into two core segments * Marketplace Services: connecting sellers, buyers, logistics & ad tools (FY25 revenue: ₹93.9 bn). * New Initiatives: financial services, logistics solutions & merchant enablement tools. Marketplace
1
0
0
The Financial Turnaround Meesho’s revenue has almost doubled in the last 2 fiscal years, while losses fell from ₹2,512.89 cr in 2024 to ₹700.71 cr in 2025. It turned cash-flow positive in FY24, making it one of India’s few profitable consumer tech IPO candidates. (6/11)
1
0
0
The Everyday Low-Price Flywheel Meesho’s success rests on its Everyday Low Price (EDLP) strategy, no reliance on flash sales or discounts. By using AI-powered demand prediction and efficient logistics, it optimizes prices daily. Sellers benefit from higher order flow; customers
1
0
1
The Zero-Commission Model Unlike traditional marketplaces, Meesho charges no commission from unbranded sellers. Instead, it earns from the following: * Fulfilment fees (logistics, shipping, returns) * Advertising revenue from sellers * Data-driven services like insights &
1
0
0
The Scale Behind the Success As of 30th September 2025, Meesho has: * 234.20 million annual transacting users, up from 175.09 million in FY24 * 706,471 active sellers, mostly small & regional entrepreneurs * Handled over 29–31% of India’s e-commerce deliveries While its average
1
0
0
From Resellers to Retail Revolution Founded in 2015 by Vidit Aatrey and Sanjeev Kumar, Meesho started as a platform for homepreneurs to sell products via WhatsApp and Facebook groups. Over time, it evolved into India’s largest pure-play marketplace by annual transacting users
1
0
0
Meesho IPO: The E-Commerce Player Goes Public Built around a zero-commission, seller-first approach, Meesho targets small entrepreneurs and focuses on expanding online retail into Tier 2 and Tier 3 cities across India. Let’s examine Meesho’s business model and potential
1
0
6
https://t.co/C3NP6LbC16 If you found this insightful, feel free to share your thoughts in the comments and do like & retweet to share it with fellow investors. Disclaimer:
Shubh Nivesh – Mahindra Lifespace Developers Limited CMP: ₹420 Target: ₹550 Target Period: 12 months Potential upside: 32% A report on this research recommendation was sent to all ICICI Direct clients on December 01, 2025. A 🧵 on the stock and investment rationale. (1/8)
0
0
1
Key Risks * Slowdown in residential real estate demand * Delay in monetisation of IC&IC business * Macro-economic and regulatory risks (8/8)
1
0
2
Rating and Target Price * BUY with revised (SOTP) based Target Price of ₹550. (7/8)
1
0
0
Investment Rationale 3 - Balance sheet strengthened after rights issue * Rights issue of ₹1,495 crore in Q2FY26 used for debt repayment and growth. * Now in net cash surplus of ₹445 crore, compared to net debt in FY25. * Remaining land payments are manageable through
1
0
0
Investment Rationale 2 - Residential pre-sales CAGR of 28% targeted till FY30 * Residential pre-sales to reach ₹9,500 crore by FY30 from ₹2,804 crore in FY25. * Sustenance sales share to rise from 35% in FY25 to 75% in FY30, reducing dependence on new launches. (5/8)
1
0
0
Investment Rationale 1 - New project additions accelerated since FY24 * New project additions of ₹32,000 crore since FY24, which is 3x of FY17–FY23 period. * Total Gross Development Value (GDV) stands at ₹46,250 crore, providing multi-year pre-sales visibility. * Exit from
1
0
0
About the Stock * Mahindra Lifespace Developers has ~49 million square feet of residential projects across 7 cities. * It also owns 5,000+ acres under Integrated Cities and Industrial Clusters (IC&IC) across Jaipur, Chennai, Ahmedabad, and Pune. * Residential pre-sales target
1
0
0