E-commerce platform Meesho will open its IPO on December 3, closing on December 5, aiming to raise ₹5,421 crore. The issue includes ₹4,250 crore from new shares and ₹1,171 crore from existing shareholders. The price band is set at ₹105-111 per share, valuing the company at about $5.6 billion if priced at the top end.
Meesho has rapidly expanded in India’s tier-2 and tier-3 cities, with 88% of orders coming from outside top metros. The platform now has 234 million annual users and over 700,000 sellers, each placing thousands of orders annually. The company connects small sellers with buyers, earning from logistics, advertising, and seller tools rather than stocking inventory.
Despite growth, the company remains loss-making, though it has generated some positive cash flow. High cash-on-delivery orders, which have lower success rates, and intense competition from bigger e-commerce players remain key risks.
Brokers have given a “Subscribe” recommendation for long-term investors, citing Meesho’s scale, growing user base, and competitive pricing. The IPO is seen as reasonably valued compared with listed peers.
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