Meesho Sets IPO Price Band At INR 105-111, Seeks $5.6 Bn Valuation

SUMMARY

At the upper end of the price band, the IPO will value the company at INR 50,096 Cr (about $5.6 Bn)

The IPO is set to open on December 3 (Wednesday), and the anchor bidding for Meesho’s IPO will take place on Tuesday

At the upper end of the price band, the total IPO size would be INR 5,421 Cr (about $606.2 Mn)

Ecommerce major Meesho has set a price band of INR 105 to INR 111 for its initial public offering (IPO), which is set to open on December 3 (Wednesday).

At the upper end of the price band, the IPO will value the company at INR 50,096 Cr (about $5.6 Bn).

The anchor bidding for Meesho’s IPO will take place on Tuesday (December 2), while the issue will close on December 5. The shares are expected to list on the exchanges on December 10.

The IPO will comprise a fresh issue of up to INR 4,250 Cr and an OFS of up to 10.55 Cr shares. At the upper end of the price band, the total IPO size would be INR 5,421 Cr (about $606.2 Mn).

Cofounders Vidit Aatrey and Sanjeev Kumar are looking to sell up to 1.6 Cr shares each via the OFS, alongside investors such as Elevation Capital, Peak XV Partners, Venture Highway, Y Combinator Continuity, among others.

The company plans to use proceeds from the fresh issue for investment in cloud infrastructure for subsidiary Meesho Technologies, payment of salaries for existing employees and replacement hires for machine learning and AI and technology teams of Meesho Technologies, marketing and brand initiatives of the subsidiary, and acquisitions, other strategic initiatives and general corporate purposes.

Founded in 2015, Meesho operates an ecommerce marketplace, bringing together consumers, sellers, logistics partners and content creators. It operates on a zero commission model for sellers, enabling it to reduce the average cost charged to sellers and provide a wide assortment of products at affordable prices.

The company earns revenue from delivery of goods, platform advertising, assurance services, and other platform offerings.

Meesho became India’s first social commerce unicorn in India after it raised $300 Mn funding. Later, it pivoted to ecommerce.

On the financial front, Meesho cut its consolidated loss by 72% to INR 701 Cr in the first half of FY26 from INR 2,513 Cr loss in the year-ago period. Revenue from operations grew 29% to INR 5,578 Cr in H1 FY26 from INR 4,311 Cr in H1 FY25.