Meesho launches Rs 5,421 crore IPO at Rs 105-111 band, targets Rs 50,096 crore valuation
Meesho's IPO opens December 3 with a Rs 4,250 crore fresh issue and 10.55 crore share OFS, listing December 10. Fresh funds back cloud, AI hiring and marketing. Platform touts 213 million annual users and 2 billion orders but posted an FY25 loss of Rs 3,941.70 crore versus FY24 PAT of Rs 327.64 crore.
Meesho launches Rs 5,421 crore IPO on December 3 at Rs 105-111 band, valuing the e-commerce platform at Rs 50,096 crore. Fresh issue funds cloud, AI hiring and marketing; company reports FY25 losses despite 213 million users.