Amazon stock jumps as AWS unveils new AI chip: Is Nvidia los...
02 Dec 2025
Meesho, the e-commerce firm backed by SoftBank, has received a significant amount of Rs 2,439 crore from anchor investors, including SBI Mutual Fund, Fidelity Funds, and BlackRock, ahead of its initial public offering (IPO) opening for subscription.
The anchor book witnessed a massive demand of over Rs 80,000 crore, translating into nearly 30 times oversubscription, as per sources. The anchor book saw participation from 60 investors, including major domestic institutional investors and leading global names such as the Government of Singapore, the Monetary Authority of Singapore, Tiger Global, Goldman Sachs, and Morgan Stanley.
Meesho is aiming to raise Rs 5,421 crore through its IPO, which opens for subscription on December 3 and concludes on December 5. The company has fixed a price band of Rs 105-111 per share, valuing Meesho at Rs 50,096 crore (USD 5.6 billion) at the upper end.
The IPO will comprise a fresh issue of shares worth Rs 4,250 crore, along with an offer for sale (OFS) of 10.55 crore shares valued at Rs 1,171 crore at the upper band, taking the total issue size to Rs 5,421 crore.
Meesho plans to utilise proceeds for investment in cloud infrastructure, marketing and brand initiatives, as well as funding inorganic growth through acquisitions and other strategic initiatives, and general corporate purposes.
Meesho connected over 5 lakh transacting sellers with 199 million annual transacting users, facilitating 1.8 billion placed orders in FY25. The company's Net Merchandise Value (NMV) grew 29 per cent year-on-year to Rs 29,988 crore in FY25.
The company will make its debut on the stock market on December 10.
