Meesho sets price band at Rs 105–111, IPO to open on Dec 3

E-commerce marketplace Meesho has moved a step closer to the public markets after filing its red herring prospectus (RHP). The Bengaluru-based company will open its IPO for subscription on December 3 and close it on December 5, with anchor investors participating a day earlier on December 2. The move puts Meesho among the most closely watched listings of 2025.

Meesho has fixed its price band at Rs 105–Rs 111 per share, giving the offer an overall size of about Rs 5,421 crore at the upper end. The issue comprises a fresh issuance of Rs 4,250 crore and an Offer for Sale (OFS) of 10.55 crore shares by early backers and some founders. Investors, including Elevation Capital, Peak XV Partners, Venture Highway and others, will partially exit through the OFS, monetising a part of their long-held positions in the company.

For Meesho, the fresh capital is geared towards scaling its technology stack, expanding cloud infrastructure, building brand visibility, and potentially exploring acquisitions. As per Entrackr’s estimates, the company valued itself at $5.8 billion at the upper end.

The company has consistently doubled down on its value-driven e-commerce model, emerging as a dominant player across India’s tier-II and beyond markets. Its asset-light approach, zero-commission seller model and aggressive pricing strategy have helped it build a high-frequency user funnel, even as profitability continues to remain elusive.

During the last fiscal year, the company posted a revenue of Rs 9,390 crore while its losses before exceptional items and tax stood at Rs 108 crore in the same period. In the first half of the ongoing fiscal year (H1 FY26), it reported a revenue of Rs 5,577 crore.

According to the proposed schedule, the basis of allotment will be finalised on December 8, with refunds and credit of shares set for December 9, paving the way for a likely listing on December 10. If successful, Meesho will join the league of Indian consumer-internet giants that have transitioned to public markets over the past three years.