Meesho's Rs 5,421 crore IPO resurfaces: Rs 105-111 band valued marketplace at Rs 50,096 crore
Resurfacing a December 3 move, Meesho's IPO opened that day with a December 10 listing, comprising a Rs 4,250 crore fresh issue and 10.55 crore share OFS. Proceeds fund cloud infrastructure (Rs 1,390 cr), marketing (Rs 1,020 cr), AI/ML salaries (Rs 480 cr) and acquisitions. The platform serves 213 million annual users across 2 billion orders.
Indian e-commerce marketplace 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. Proceeds fund cloud infrastructure, AI/ML hiring, marketing, and acquisitions.