Meesho sets price band for ₹5,421cr IPO
Meesho, one of India's biggest e-commerce platforms, is going public with shares priced at ₹105-111 each.
The IPO opens December 3 and closes December 5, aiming to raise ₹5,421 crore (about $606 million).
Shares will be listed on the BSE and NSE on December 10.
What does Meesho actually do?
Started in 2015, Meesho runs a zero-commission marketplace focused on affordable shopping for everyday Indians and small businesses.
It earns through logistics fees, ads, and extra services.
In the six months ended September 30, revenue reached ₹55.78 billion ($624 million), up from ₹43.11 billion ($482 million) during the same period a year earlier, but losses also increased to ₹4.33 billion ($48.4 million).
Other details worth knowing
Meesho has a massive user base—over 213 million people shop there yearly—with more than 700,000 active sellers and support from 50,000 content creators.
Money raised from the IPO will go toward growing the business and upgrading technology.
If you're thinking of investing as a retail buyer, you'll need to apply for at least 135 shares.