Description

Lock-in details for equity shares of Meesho Limited following its IPO listing on BSE, including various lock-in periods for different shareholder categories.

Summary

Meesho Limited (formerly Meesho Private Limited and Fashnear Technologies Private Limited) has listed its equity shares on BSE with detailed lock-in arrangements for various shareholder categories. The company has a total of 4,51,31,31,000 equity shares, with different lock-in periods ranging from 30 days to approximately 2.5 years depending on shareholder type. The company extinguished 4,06,99,73,450 equity shares held by Meesho Inc. and its nominee pursuant to a merger.

Key Points

  • Total equity shares: 4,51,31,31,000
  • Company CIN: U74900KA2015PLC082263
  • Registered office located in Bengaluru, Karnataka
  • All shares are in dematerialized form
  • Distinctive numbers 1-4,06,99,73,450 cancelled due to share extinguishment following merger
  • Multiple lock-in categories with varying periods
  • Prospectus dated December 05, 2025

Lock-in Categories and Details

Promoter Lock-in (Long-term)

  • 92,95,25,329 equity shares locked until June 09, 2027
  • Distinctive numbers: 4,06,99,73,451 to 4,99,94,98,779

Pre-IPO Lock-in

  • 3,06,18,96,028 equity shares locked until December 08, 2025
  • Distinctive numbers: 4,99,94,98,780 to 8,06,13,94,807

AIF Category II (No Lock-in)

  • 1,19,42,406 equity shares not under lock-in as per SEBI Regulation 17(c)
  • Distinctive numbers: 8,06,13,94,808 to 8,07,33,37,213

ESOP Shares (No Lock-in)

  • 2,13,70,516 equity shares held by eligible employees not under lock-in
  • Distinctive numbers: 8,07,33,37,214 to 8,09,47,07,729
  • Allotted pursuant to exercise of options under ESOP Scheme(s)

Promoter Lock-in (Medium-term)

  • 10,55,13,839 equity shares locked until June 09, 2026
  • Distinctive numbers: 8,09,47,07,730 to 8,20,02,21,568

Anchor Investors - 30 Day Lock-in

  • 10,98,89,227 equity shares locked until January 06, 2026
  • Distinctive numbers: 8,20,02,21,569 to 8,31,01,10,795

Anchor Investors - 90 Day Lock-in

  • 10,98,89,297 equity shares locked until March 07, 2026
  • Distinctive numbers: 8,31,01,10,796 to 8,42,00,00,092

IPO Public (No Lock-in)

  • 16,31,04,358 equity shares not under lock-in
  • Distinctive numbers: 8,42,00,00,093 to 8,58,31,04,450

Regulatory Changes

  • Share extinguishment undertaken as part of corporate restructuring following merger of Meesho Inc. into Meesho Limited
  • 4,06,99,73,450 equity shares held by Meesho Inc. (transferor company) and its nominee Mr. Vidit Aatrey were extinguished
  • Distinctive numbers 1 to 4,06,99,73,450 cancelled in compliance with regulatory and depository requirements

Compliance Requirements

  • Lock-in arrangements comply with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
  • AIF Category II shares exempt from lock-in per Regulation 17(c)
  • ESOP shares held by eligible employees as of prospectus date exempt from lock-in
  • Anchor investor lock-in periods of 30 and 90 days as per regulatory requirements
  • Complete lock-in details provided on pages 186-191 of the Company’s Prospectus

Important Dates

  • Prospectus Date: December 05, 2025
  • December 08, 2025: Lock-in expiry for 3,06,18,96,028 pre-IPO shares
  • January 06, 2026: Lock-in expiry for 10,98,89,227 anchor investor shares (30-day lock-in)
  • March 07, 2026: Lock-in expiry for 10,98,89,297 anchor investor shares (90-day lock-in)
  • June 09, 2026: Lock-in expiry for 10,55,13,839 promoter shares (medium-term)
  • June 09, 2027: Lock-in expiry for 92,95,25,329 promoter shares (long-term)

Impact Assessment

Market Impact: High - This is a significant IPO listing with over 451 crore equity shares. The staggered lock-in expiry dates will impact share liquidity and trading volumes at different intervals. The immediate availability of 16.31 crore public shares and employee ESOP shares provides initial market liquidity.

Liquidity Considerations: Approximately 20.64 crore shares (AIF, ESOP, and IPO public) are immediately tradable without lock-in restrictions. Significant liquidity increases expected at lock-in expiry dates, particularly in December 2025 (306 crore shares) and June 2027 (93 crore shares).

Corporate Action: The merger and subsequent share extinguishment of over 406 crore shares represents a major corporate restructuring that consolidated the holding structure before the IPO.

Investor Categories: The circular demonstrates a diverse shareholder base including promoters, anchor investors, AIFs, employees, and public investors, each with different lock-in obligations reflecting their investment timing and category.

Impact Justification

Major IPO listing of Meesho Limited with total equity shares of 4,51,31,31,000 and complex lock-in arrangements affecting different shareholder categories