HDFC Life to finalise terms for proposed ₹750 crore subordin...
02 Dec 2025
Meesho, a leading e-commerce platform backed by SoftBank, has announced a significant raise of ₹2,439 crore from anchor investors ahead of its highly anticipated initial public offering (IPO). The strong interest from both domestic and global institutional players has set the stage for a successful listing.
A total of 60 investors participated in the anchor book, with major international names such as the Government of Singapore, the Monetary Authority of Singapore, Tiger Global, Goldman Sachs, and Morgan Stanley showing interest. On the domestic side, leading mutual funds like SBI MF, UTI MF, Tata MF, Axis MF, Motilal Oswal MF, Bandhan MF, and HSBC MF received allocations.
Meesho has allotted 21.97 crore shares at ₹111 per share, raising ₹2,439.5 crore through the anchor portion. The company is targeting ₹5,421 crore from the IPO, which opens on December 3 and closes on December 5. The price band has been set at ₹105-111, valuing the company at ₹50,096 crore (USD 5.6 billion) at the upper end.
The IPO includes a fresh issue of ₹4,250 crore and an offer for sale (OFS) of 10.55 crore shares worth ₹1,171 crore at the top of the band. The OFS will see early investors such as Elevation, Peak XV, Venture Highway, and Y Combinator selling part of their holdings.
Meesho intends to use the funds for investments in cloud infrastructure, marketing and brand-building, inorganic growth through acquisitions, and other general corporate purposes.
In FY25, Meesho connected more than 5 lakh transacting sellers with 199 million annual transacting users, facilitating 1.8 billion orders. Its Net Merchandise Value (NMV) rose 29% year-on-year to ₹29,988 crore in FY25, following 21% growth in FY24.
On the financial front, Meesho reported a net loss of ₹3,942 crore in FY25, largely due to one-time exceptional items such as reverse flip tax and perquisite tax associated with its transition to a public company structure. However, the company significantly reduced its losses in the first half of FY26 to ₹700.72 crore, compared to ₹2,513 crore in the same period last year.
Revenue from operations for the six months ending September 2025 increased to ₹5,577.54 crore, up from ₹4,311.29 crore a year earlier.
Meesho is scheduled to list on December 10.
Of the total issue size, 75% is reserved for qualified institutional buyers, 15% for non-institutional investors, and 10% for retail investors.
