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02 Dec 2025
Meesho, a SoftBank-backed e-commerce firm, has garnered 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 demand of over Rs 80,000 crore, translating into nearly 30 times oversubscription, according to sources.
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.
The company will make its debut on the stock market on December 10.
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.
Net Merchandise Value (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.
