SoftBank-backed ecommerce platform Meesho will launch its initial public offering (IPO) on December 3, featuring a fresh issue of shares worth Rs 4,250 crore.
The public issue will close on December 5, and anchor investors will receive their share allocation on December 2, as stated in the red herring prospectus (RHP) filed on Thursday.
Besides the fresh issue, the IPO also includes an offer-for-sale of 10.55 crore shares from existing investors.
The offer-for-sale will involve share sales by early backers such as Elevation, Peak XV, Venture Highway, and Y Combinator, among others.
Meesho plans to use the raised capital for cloud infrastructure, marketing and brand development, and inorganic expansion through acquisitions and other strategic moves. A part of the funds will also go toward general corporate purposes.
The company’s valuation and the final IPO size will be set after the price band is announced on Friday.
In FY25, Meesho enabled over 500,000 transacting sellers and 199 million annual transacting users, handling 1.8 billion orders in total.
Its net merchandise value (NMV) rose 29% year-on-year to Rs 29,988 crore in FY25, after growing 21% in FY24. NMV shows the full checkout value of delivered orders, including taxes. It helps measure platform performance because it captures user adoption and repeat behavior.
For FY25, Meesho reported a net loss of Rs 3,942 crore, mainly due to one-time exceptional costs such as reverse flip tax and perquisite tax, which were part of its shift to a public company structure.
