Meesho Sets Stage for Stellar IPO with Rs 5,421 Crore Valuation

Meesho, supported by SoftBank, plans to raise Rs 5,421 crore via IPO, launching on December 3. With price set between Rs 105-111 per share, the Bengaluru-based company eyes Rs 50,096 crore valuation. The move involves fresh shares and sale by early investors, aiming to bolster infrastructure, marketing, and growth.

In a bold move to assert its e-commerce dominance, Bengaluru-based Meesho, backed by SoftBank, is gearing up for a highly anticipated Initial Public Offering (IPO) aiming to raise Rs 5,421 crore. The IPO is set to open for subscription on December 3, with a price band of Rs 105-111 per share, pushing the company's valuation to an impressive Rs 50,096 crore at the upper end.

The offering, closing on December 5, comprises a fresh issue of shares worth Rs 4,250 crore, alongside an Offer For Sale (OFS) of 10.55 crore shares valued at Rs 1,171 crore. This significant financial maneuver includes selling equity by Meesho's early investors and founders, such as Elevation, Peak XV, Venture Highway, and Y Combinator. The proceeds are intended to enhance Meesho's cloud infrastructure, marketing, and foster growth via acquisitions and strategic initiatives.

Orchestrated by Meesho's Managing Director and CEO Vidit Aatrey, the strategy focuses on delivering 'everyday low prices' through efficient, technology-driven operations. Boasting over 199 million users in FY25, Meesho's platform appeals to a broad audience by eschewing commission fees, thereby providing affordable products ranging from unbranded to national brands.

(With inputs from agencies.)