E-commerce firm Meesho's Rs 5,421-cr IPO to open on Dec 3; aims for Rs 50,096 cr valuation

Synopsis Meesho's initial public offering opens on December 3. The e-commerce firm plans to raise Rs 5,421 crore. The IPO includes a fresh issue and an offer for sale by early investors. Proceeds will fund infrastructure, marketing, and acquisitions. Meesho will debut on the stock market on December 12. The company aims for significant growth. SoftBank-backed e-commerce firm Meesho is aiming to raise Rs 5,421 crore through its initial public offering (IPO), which opens for subscription on December 3. The company has fixed a price band of Rs 105 to Rs 111 per share, valuing Meesho at Rs 50,096 crore (USD 5.6 billion) at the upper end. In its public announcement on Friday, Meesho said the maiden public offering will close on December 5, with anchor investors set to receive their allocations on December 2. 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. The offer for sale includes sale of equity shares by some of Meesho's early investors, including Elevation, Peak XV, Venture Highway and Y Combinator, among others. Live Events Meesho plans to utilise proceeds for investment in cloud infrastructure; marketing and brand initiatives as well funding inorganic growth through acquisitions and other strategic initiatives and general corporate purposes. The company will make its debut on stock market on December 12. Overall, 75 per cent of the issue size has been reserved for qualified institutional buyers, 15 per cent for non-institutional investors and the remaining 10 per cent for retail investors. In FY25, Meesho connected over 5 lakh transacting sellers with 199 million annual transacting users, facilitating 1.8 billion placed orders. The company's Net Merchandise Value (NMV) grew 29 per cent year-on-year to Rs 29,988 crore in FY25, following 21 per cent growth in FY24. In e-commerce, NMV refers to the cumulative checkout value of successfully delivered orders inclusive of taxes. It is a core measure of platform health as it reflects the strength of customer adoption and repeat usage, making it a key driver of revenue, margins, and cash flow across the ecosystem. Financially, the company posted a net loss at Rs 3,942 crores for FY25, primarily due to one-time exceptional item, including reverse flip tax and perquisite tax which were necessary for the company's transition to a public structure. (You can now subscribe to our ETMarkets WhatsApp channel) (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price ...moreless (You can now subscribe to our ETMarkets WhatsApp channel) (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price ...moreless Why Leyland and Iveco stand between Tata Motors and return to glory You bought IPOs of loss makers; check out what kind of companies are lining up How glitches-hit Air India is preparing for a take off India’s SIP boom has a hidden crisis: Are high dropout rates impacting wealth creation? Stock Radar: AB Capital stock in a sustained uptrend, hits fresh record high in November – time to buy or book profits? Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus 1 2 3