E-commerce marketplace Meesho has officially filed its Red Herring Prospectus (RHP), moving one step closer to one of the most anticipated public listings of 2025. The IPO will open for subscription on December 3 and close on December 5, with anchor investors participating on December 2.
IPO Structure and Valuation
Meesho has set a price band of Rs 105–111 per share, putting the total issue size at Rs 5,421 crore at the upper end. The offer includes a fresh issuance of Rs 4,250 crore and an Offer for Sale (OFS) of 10.55 crore shares by early investors and some founders. Backers including Elevation Capital, Peak XV Partners, Venture Highway, and others will partially monetise long-held stakes.
At the upper price band, Meesho is valued at approximately $5.8 billion, according to Entrackr’s estimates.
Use of Proceeds
The fresh capital will be deployed toward strengthening Meesho’s technology stack, expanding cloud infrastructure, accelerating brand visibility, and exploring potential acquisitions. The company aims to fortify its high-frequency commerce engine, especially across India’s fast-growing tier-II and tier-III markets.
Business Performance
Meesho has emerged as a major value-driven e-commerce platform with a zero-commission seller model, asset-light supply chain, and aggressive affordability strategy. These levers have helped it scale rapidly among budget-conscious customers.
For FY25, Meesho reported Rs 9,390 crore in revenue, with Rs 108 crore in losses before exceptional items and tax. In H1 FY26, revenue stood at Rs 5,577 crore, keeping it on track for strong annual growth.
IPO Timeline
As per the proposed schedule, the basis of allotment will be finalised on December 8, with refunds and credit of shares on December 9, followed by a likely listing on December 10. If successful, Meesho will join the growing cohort of Indian consumer-internet firms transitioning to the public markets.
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