Meesho's Rs 5,421 crore IPO opens Dec 3, valuing e-commerce platform at Rs 50,096 crore
Price band set at Rs 105-111 for the horizontal e-commerce platform's public debut, with fresh issue of Rs 4,250 crore earmarked for cloud, AI hiring and marketing; backers Elevation Capital, Peak XV, Prosus and SoftBank to partially exit via 10.55 crore share OFS. Listing slated for Dec 10.
Meesho's Rs 5,421 crore IPO opens Dec 3, listing Dec 10, valuing the e-commerce platform at Rs 50,096 crore with fresh issue funding cloud, AI hiring, and marketing.