Meesho launches Rs 5,421 crore IPO at Rs 50,096 crore valuation, opens December 3
Meesho's IPO opens December 3 and lists December 10 with a price band of Rs 105-111, targeting a Rs 50,096 crore valuation. The Rs 4,250 crore fresh issue funds cloud infra, AI hiring, and marketing, while early backers partially exit via a 10.55 crore share OFS. The platform reports 213 million annual users and 2 billion orders against an FY25 loss of Rs 3,941.70 crore.
E-commerce platform Meesho launches Rs 5,421 crore IPO opening December 3, listing December 10, valuing the firm at Rs 50,096 crore. Fresh issue funds cloud infra, AI hiring, and marketing; early investors partially exit while Prosus and SoftBank hold.