Meesho IPO set to mint millions for founders, early investors
What's the story
Meesho, a value-focused e-commerce giant, has set its initial public offering (IPO) price band at ₹105-115 per share. The move values the company at nearly ₹50,096 crore at the upper end of the spectrum. The two co-founders of Meesho—Vidit Aatrey and Sanjeev Kumar—who together own over 18.5% stake in the company are likely to make huge profits from this listing.
Stake surge
Aatrey's stake value skyrockets to ₹5,245cr
Meesho's co-founder and CEO Aatrey holds 47.25 crore shares or an 11.1% stake in the company. His shares were acquired at an average price of just ₹0.06 a share but are now worth ₹5,245 crore at the upper end of the price band—over 1,800 times their earlier value of around ₹2.84 crore.
Stake increase
Kumar's stake value surges to ₹3,504cr
Meesho's other co-founder, Kumar, who is also the company's CTO, owns 31.57 crore shares or a 7.41% stake. His shares were acquired at an average price of ₹0.02 each but are now worth ₹3,504 crore—an astronomical jump from around ₹63 lakh earlier—nearly 5,500 times their previous value.
Investor profits
Early investors also see massive gains
Early institutional investors are also reaping the benefits of Meesho's IPO. Elevation Capital, which owns 57.95 crore shares (13.6% stake) at an average price of ₹3.04 a share, is seeing its holding balloon from ₹177 crore to ₹6,433 crore—an over 3,500-fold increase. Peak XV Partners with a similar stake at an average acquisition price of ₹4.29/share will see their holding rise to ₹5,342 crore from around ₹207 crore earlier—an increase of nearly 2,500%.
Additional gains
Other early backers also benefit from Meesho's IPO
Other early backers of Meesho are also benefiting from the company's IPO. YC Continuity Fund, which holds 5.2 crore shares (1.22% stake) at an average price of ₹1.02/share, is seeing its stake rise to ₹576 crore from ₹5.3 crore—over a 10,000-fold increase. Venture Highway's holding will rise to ₹175 crore from ₹73.5 crore while Gemini Investments's valuation will jump to ₹493 crore from just ₹8.3 crore before the price band revision.
Upcoming listing
Meesho's IPO opens on December 3
Meesho's IPO will open for subscription on December 3 and close on December 5. The participation of anchor investors typically occurs before the public subscription period, paving the way for one of the most anticipated listings of the year.