Meesho launches Rs 5,421 crore IPO at Rs 105-111 band, valuing e-tailer at Rs 50,096 crore
Meesho's IPO opens December 3 and lists December 10, comprising a Rs 4,250 crore fresh issue and a 10.55 crore-share OFS as early backers partially exit. Fresh proceeds fund cloud, AI hiring and marketing. The platform reports 213 million annual users and 2 billion orders, against an FY25 loss of Rs 3,941.70 crore.
Meesho launches Rs 5,421 crore IPO opening December 3, listing December 10, at Rs 105-111 price band valuing it at Rs 50,096 crore. Fresh issue funds cloud, AI hiring, marketing; OFS sees early investors partially exit.