Athira Sethu
Kochi, 28 Nov 2025
SoftBank-backed e-commerce platform Meesho will launch its highly awaited Initial Public Offering, or IPO, next week. The three-day public issue will open on Wednesday, December 3, and close on Friday, December 5. The company has fixed the price range of shares between ₹105 and ₹111 each, valuing Meesho at around ₹50,096 crore at the upper end of the price band.
The IPO will aim to raise about ₹5,421.05 crore at the upper end of the price range. This comprises a fresh issue of ₹4,250 crore and an OFS of up to 10.55 crore shares from existing shareholders. Meesho has significantly trimmed the size of the OFS by about 40 percent, bringing down the sale offer quantity from 17.57 crore to 10.55 crore. According to this, the proceeds from OFS are estimated at around ₹1,172 crore compared to an earlier estimation of ₹1,950 crore. However, the fresh capital component of the offer has remained intact.
Investors can bid for a minimum of 135 shares. The IPO consists of the fresh issue and the OFS in that order. Allocation of shares shall be made in the following manner: at least 75 percent of the offer is reserved for QIBs, not more than 15 percent for NIIs, and up to 10 percent for retail investors.
Key dates for the IPO process are as follows:
- IPO opens: December 3
- IPO closes: December 5
- Tentative allotment: December 8
- Initiation of refund: December 9
- Shares credited to demat accounts: December 9
- Tentative listing date: December 10
Besides, anchor investors can take part one day before the opening of the public issue.
The IPO is likely to be a big windfall for early investors and the founders of the company. Co-founders of Meesho, Vidit Aatrey and Sanjeev Kumar, own a collective 18.51 percent stake pre-issue. Aatrey especially stands to gain significantly. He owns 47.25 crore shares that account for an 11.1 percent stake in the company. These shares were purchased at a mere ₹0.06 per share. At the high end of the IPO price band, his stake will be valued at around ₹5,245 crore, a substantial gain from its earlier notional value of just about ₹2.84 crore. The book-running lead manager to the IPO is Kotak Mahindra Capital Co. Ltd. and the registrar to the issue is Kfin Technologies Ltd.
