Meesho raises ₹2,439 crore from over 60 anchor investors ahead of IPO

E-commerce company Meesho Ltd on Tuesday (December 2) said it has raised ₹2,439 crore from more than 60 anchor investors ahead of its Initial Public Offering.

The allocation drew participation from major global institutional investors, including GIC, Fidelity and BlackRock, along with India’s largest domestic mutual funds such as SBI Mutual Fund, Axis Mutual Fund and Birla Mutual Fund.

The anchor tranche also saw interest from prominent technology-focused investors, including Dragoneer Investment Group, Morgan Stanley Investment Management (Counterpoint Global), Goldman Sachs Asset Management and WCM Investment Management.

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The company has set a price band of ₹105 per equity share of face value ₹1 each to ₹111 per equity share of face value ₹1 each. The bid and offer will open on Wednesday, December 3, 2025, and close on Friday, December 5, 2025. Investors can place bids for a minimum of 135 equity shares and in multiples of 135 equity shares thereafter.

Meesho has allocated a total of 219,778,524 equity shares to anchor investors. Out of this, 45.91% of the total anchor allocation was taken up by 14 domestic mutual funds through 52 schemes.

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 issue is being managed by Kotak Capital, JPMorgan, Morgan Stanley, Axis Capital and Citigroup.

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Financially, Meesho continues to remain in the red. Its restated loss for FY25 stands at ₹3,941.70 crore, widening sharply from a FY24 PAT of ₹327.64 crore.

The swing is primarily due to a one-off impact that includes taxes related to a group reorganisation, accelerated ESOP vesting costs for promoters and associated perquisite taxes borne by the company.