Meesho's Rs 5,421 crore IPO at Rs 50,096 crore valuation: resurfacing a December 3 move
Meesho's IPO opened December 3 and lists December 10 at a Rs 105-111 price band, valuing the e-commerce firm at Rs 50,096 crore. The Rs 4,250 crore fresh issue funds cloud, AI hiring and marketing, with a 10.55 crore share OFS. FY25 saw a Rs 3,941.70 crore loss versus FY24 PAT of Rs 327.64 crore, amid an AWS arbitration dispute.
Meesho launches Rs 5,421 crore IPO opening December 3, listing December 10, at Rs 105-111 valuing the e-commerce firm at Rs 50,096 crore. Fresh proceeds fund cloud, AI hires and marketing amid FY25 losses and an AWS arbitration dispute.