SoftBank-backed e-commerce company Meesho plans to raise ₹5,421 crore through its initial public offering (IPO) set to open for subscription on December 3. The firm has established a price range of ₹105 to ₹111 per share, valuing Meesho at approximately ₹50,096 crore ($5.6 billion) at the higher end of the range.
In its announcement on Friday, Meesho indicated that the IPO will close on December 5, with allocations for anchor investors scheduled for December 2. The IPO will consist of a fresh issuance of shares valued at ₹4,250 crore, along with an offer for sale (OFS) of 10.55 crore shares, estimated at ₹1,171 crore at the upper price band, resulting in a combined issue size of ₹5,421 crore.
The offer for sale includes equity shares being sold by several early investors in Meesho, such as Elevation, Peak XV, Venture Highway, and Y Combinator, among others. Proceeds from the IPO are intended for investments in cloud infrastructure, marketing initiatives, funding for acquisitions, and other strategic corporate purposes.
Meesho is expected to make its stock market debut on December 12. Of the total issue size, 75 percent is reserved for qualified institutional buyers, 15 percent for non-institutional investors, and the remaining 10 percent for retail investors.
In fiscal year 2025, Meesho successfully connected over 500,000 transacting sellers with 199 million annual users, processing a total of 1.8 billion orders. The company reported a 29 percent year-over-year increase in Net Merchandise Value (NMV) to ₹29,988 crore in FY25, following a 21 percent increase in FY24. NMV, which reflects the total value of successfully delivered orders including taxes, is a critical indicator of platform performance, signifying the strength of customer engagement and repeat business, thereby directly impacting revenue and cash flow.
Financial results indicated a net loss of ₹3,942 crore for FY25, largely attributed to one-off expenses, including reverse flip tax and perquisite tax, necessary for the company’s shift to a public structure.
Published on November 28, 2025.
