SoftBank-backed value-focused e-commerce player, Meesho, has locked in its IPO details, aiming to raise a total of around $₹5,421$ crore (including the OFS). The subscription window is opening next week.
Key Investment Details: Dates and Price
| Detail | Information |
| Price Band (Per Share) | $₹105$ to $₹111$ |
| Subscription Dates | Wednesday, December 3 – Friday, December 5 |
| Total Issue Size | Approx. $₹5,421.20$ crore |
| Fresh Issue | $₹4,250$ crore |
| Offer for Sale (OFS) | $₹1,171.20$ crore (by existing shareholders) |
| Retail Lot Size | $135$ shares (Minimum investment $\approx ₹14,985$ at upper band) |
| Tentative Listing Date | Wednesday, December 10 (on BSE and NSE) |
At the upper price band of $₹111$, the company is targeting a valuation of roughly $₹50,000$ crore (or about $\$6$ billion). This is one of the biggest new-age tech listings of 2025.
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The Big Turnaround Story
The whole reason this IPO is happening now? The company has managed a dramatic financial cleanup.
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Losses Slashed: Losses for the six months ending September 2025 were drastically reduced to $₹700.7$ crore. That’s a huge cut from the $₹2,512.9$ crore loss reported in the same period last year.
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Revenue Growth: Revenue saw a solid $29.4\%$ increase, reaching $₹5,577.5$ crore.
Meesho is claiming the top spot in the market based on volume, calling itself the largest in terms of orders placed and annual transacting users over the last twelve months (Redseer data).
Where the Money is Going
The fresh issue component ($₹4,250$ crore) is all about tech, data, and growth. This clearly signals their push to deepen their core capabilities and scale into new areas.
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Cloud & Infrastructure: $₹1,390$ crore is specifically earmarked for enhancing cloud infrastructure.
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Marketing & Branding: $₹1,020$ crore is going toward marketing and brand initiatives to capture market share.
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AI/ML & Talent: $₹480$ crore is allocated for salaries for their Machine Learning and AI technology teams. They are betting big on improving their personalization and logistics optimization through data.
The existing investors—including SoftBank, Elevation Capital, and Peak XV Partners—are partially selling their stakes in the OFS component, while the founders are also offloading a portion of their $18.5\%$ stake.
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It’s worth noting the grey market premium (GMP) suggests strong early sentiment. Reports show the GMP for Meesho is hovering around $₹35$, which implies a potential listing price of around $₹146$ (a $32\%$ listing gain).
The stage is set for a high-profile listing, but the ultimate success will depend on how QIBs and retail investors value the company’s hyper-growth model against its current lack of profitability.
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