Meesho IPO opens on December 3; company sets price band at Rs 105–111 per share

Bengaluru-based e-commerce company Meesho has set the price band for its IPO at Rs 105 to Rs 111 per equity share of face value Rs 1.

The issue will open for subscription on December 3 and close on December 5, while anchor investors will participate on December 2. At the top end of the band, the total offer size comes to about Rs 5,421 crore.

The IPO comprises a fresh issue of up to Rs 4,250 crore and an offer for sale of 10.55 crore shares by existing shareholders. Early investors, including Elevation Capital, Peak XV Partners, Venture Highway and founders Vidit Aatrey and Sanjeev Barnwal, will sell part of their holdings.

Meesho plans to use the fresh capital to strengthen its technology stack, expand cloud infrastructure, increase brand visibility and improve marketplace systems.

For the six months ending September 2025, Meesho reported 234.2 million annual transacting users compared with 175.1 million in the same period last year. Orders grew to 1,261.14 million in the same period, up from 824.59 million. Annual transacting sellers rose to 706,471, marking sharp expansion from 440,824 a year earlier.

In FY25, Meesho posted revenue of Rs 9,390 crore and losses before exceptional items and tax of Rs 108 crore. In the first half of FY26, the company recorded revenue of Rs 5,577 crore. Meesho is valued at about Rs 50,000 crore at the upper end of the price range.

Meesho has built a strong presence in India’s value-driven e-commerce market. Its zero-commission seller model and aggressive pricing have helped the company build a large user base across tier-II and smaller cities. The business remains asset-light, helping it scale quickly even as the path to profitability remains challenging.

The IPO is being managed by Kotak Mahindra Capital, J.P. Morgan, Morgan Stanley, Axis Capital and Citigroup. KFin Technologies is the registrar to the issue.

The basis of allotment is expected to be finalised on December 8, with refunds and credit of shares set for December 9. Trading on the stock exchanges is likely to begin on December 10.