Meesho to launch ₹4,250-crore IPO on December 3

SoftBank-backed e-commerce platform Meesho will open its maiden public offering on December 3, featuring a fresh issue of shares worth ₹4,250 crore.

The IPO will close on December 5, while anchor allotments

are scheduled for December 2, according to its red herring prospectus filed on Thursday, November 27.

The issue also includes an offer-for-sale of 10.55 crore shares by existing investors such as Elevation, Peak XV, Venture Highway and Y Combinator.

Meesho plans to use the IPO proceeds to strengthen cloud infrastructure, boost marketing and brand initiatives, and pursue acquisitions and other strategic growth opportunities.

The company’s valuation and total issue size will be finalised once the price band is announced on Friday, November 28.

In FY25, Meesho connected over 5 lakh sellers with 199 million annual transacting users, enabling 1.8 billion orders. Its Net Merchandise Value rose 29% year-on-year to ₹29,988 crore. The company reported a net loss of ₹3,942 crore in FY25, driven largely by one-time exceptional expenses related to its transition to a public structure.

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