Meesho launches Rs 5,421 crore IPO at Rs 105-111 band, eyes Rs 50,096 crore valuation
Meesho's IPO opens Dec 3 and lists Dec 10, comprising a Rs 4,250 crore fresh issue and 10.55 crore OFS shares. Proceeds target cloud infrastructure, tech salaries, marketing and acquisitions. The platform reports 213 million annual users and 2 billion orders, though FY25 losses widened to Rs 3,941.70 crore.
Meesho launches a Rs 5,421 crore IPO (Dec 3 open, Dec 10 listing) at Rs 105-111 per share, valuing it at Rs 50,096 crore. Proceeds fund cloud infra, tech salaries, marketing and acquisitions, despite a wider FY25 loss.
Why this matters
Confirms Meesho's IPO terms after earlier signals flagged the Rs 50,096 crore valuation and Dec 3 open. Retail tranche was fully subscribed within the first hour on strong anchor demand.
Retail-company signals accelerating at +454100% QoQ.