Meesho, an e-commerce marketplace, has taken a step closer to going public by publishing its red herring prospectus (RHP). The Bengaluru-based company will launch its IPO for subscription on December 3 and complete it on December 5, with anchor investors participating the day before, on December 2. Meesho now ranks among the most closely watched listings in 2025.

Key Highlights

• Meesho IPO price band fixed at ₹105–₹111, opens for subscription December 3.
• IPO aims to raise up to ₹5,421 crore (fresh issue ₹4,250 crore + OFS), valuing firm at ₹50,096 crore.

Meesho has set a price band of Rs 105-Rs 111 per share, giving the offer an aggregate value of around Rs 5,421 crore at the upper end. The transaction consists of a new issuance of Rs 4,250 crore and an Offer for Sale (OFS) of 10.55 crore shares by early supporters and several founders. 

Elevation Capital, Peak XV Partners, Venture Highway, and other investors will use the OFS to partially leave the company, monetizing a portion of their long-held stakes. Meesho intends to use the new funds to scale its technology stack, develop cloud infrastructure, increase brand visibility, and potentially pursue acquisitions. As per estimates, the corporation was worth $5.8 billion at its peak.

The company has constantly reinforced its value-driven e-commerce approach, emerging as a prominent player in India's tier II and beyond marketplaces. Its asset-light methodology, zero-commission seller model, and aggressive price strategy have helped it create a high-frequency user funnel, even though profitability remains elusive.

Also Read: Meesho Enters IPO Race; Is It the Right Time to Invest?

The company generated Rs 9,390 crore in sales last fiscal year, but lost Rs 108 crore before unusual items and tax. It generated Rs 5,577 crore in income during the first half of the current fiscal year (H1 FY26).

According to the proposed schedule, the basis of allotment will be finalized on December 8, with refunds and credit of shares scheduled for December 9, opening the way for a possible listing on December 10. If successful, Meesho will join the ranks of Indian consumer-internet behemoths that have moved to public markets in the last three years.