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SoftBank-backed e-commerce marketplace Meesho is gearing up for its initial public offering (IPO), setting a price band of Rs. 105 to Rs. 111 per share. The IPO will open for subscription from December 3 to December 5, 2025.
According to the company’s Red Herring Prospectus (RHP), the anchor book will open on December 2, a day before the issue launches for the public.
The basis of allotment is expected to be finalised on December 8, with refunds and share credits to demat accounts taking place on December 9.
Meesho shares are tentatively scheduled to debut on both the NSE and BSE on December 10.
The IPO price band has been fixed at Rs. 105-Rs. 111, and retail investors can bid for a minimum of one lot of 135 shares worth Rs. 14,985.
In line with SEBI norms for large IPOs, the allocation structure is as follows:
QIBs: Not less than 75%
NIIs: Not more than 15%
Retail Investors: Not more than 10%
The company aims to raise Rs. 4,250 crore through a fresh issue, while existing shareholders will offload 10.55 crore shares via an offer for sale (OFS). At the upper end of the price band, the total issue size will be around Rs. 5,421 crore.
Prominent investors in the OFS are Elevation Capital, Peak XV Partners, Highway Series 1 and Y Combinator, along with promotions by shareholders such as Vidit Aatrey, Sanjeev Kumar, Man Hay Tam, Golden Summit and VH Capital.
The promoters hold 18.5% of the company, while the remaining 81.5% is owned by the public and institutions.
The company intends to deploy:
Rs. 1,390 crore for cloud infrastructure expansion at Meesho Technologies
Rs. 1,020 crore for marketing and branding
Rs. 480 crore for salaries and hiring in ML, AI, and technology teams
The balance for acquisitions, strategic initiatives, and general corporate purposes
Meesho’s financial performance has improved ahead of its IPO. Losses reduced to Rs. 700.7 crore in April-September 2025, compared to Rs. 2,512.9 crore in the same period last year. Revenue increased 29.4%, reaching Rs. 5,577.5 crore.
Backed by SoftBank, Prosus, Elevation Capital, and Peak XV Partners, Meesho claims leadership in order volume and annual transacting users among Indian e-commerce platforms for the 12 months ending September 2025, as per Redseer.
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Unofficial market points to strong investor interest. On November 28, Meesho’s unlisted shares were trading at Rs. 144, implying a GMP of Rs. 33, a premium of 29.7% over the upper price band.
