Meesho has fixed its IPO price band at ₹105–₹111 per share, and plans to open its initial public offering on December 3, 2025, with the offer running until December 5.
The IPO totals approximately ₹5,421 crore at the upper end of the band. This comprises a fresh share issuance of up to ₹4,250 crore plus an offer-for-sale (OFS) of up to 10.55 crore shares by existing investors.
At this valuation, Meesho expects to command roughly a USD 5.6 billion (about Rs 50,096 crore) market cap when it lists.
Despite recent losses, Meesho shows strong signs of underlying business traction. For the six months ending September 2025, it reported a significant jump in platform metrics: annual transacting users grew to 234.2 million from 175.1 million a year earlier; total placed orders rose to 1,261.14 million from 824.59 million in the same period in 2024. The number of active sellers also climbed to 706,471 from 440,824, underlining a broad-based increase in both users and sellers.
Proceeds from the fresh issue will support expansion of Meesho’s infrastructure, technology — including cloud and marketplace capabilities — and general growth initiatives.
Meesho plans to list on the main stock exchanges, with allotment likely finalised around December 8, refunds and demat credit by December 9, and trading expected to begin around December 10, 2025.
