Meesho Ltd Eyes $6 Billion Valuation with Much-Anticipated December India IPO

Meesho Ltd., a leading value-focused e-commerce marketplace popular in smaller Indian cities, is preparing for an initial public offering (IPO) aimed at a valuation of approximately $6 billion (₹53,000 crore). The company plans to raise around ₹6,000 crore, consisting of a fresh issue of ₹4,250 crore and an offer for sale by existing investors totaling 175.7 million shares.

Backed by SoftBank Group Corp., Meesho is in talks with SBI Funds Management Ltd. for a pre-IPO placement, which could affect the total issue size. The Bengaluru-based firm leads among listed Indian e-commerce companies in free cash flow, having reported ₹1,032 crore for the fiscal year ending March 2025.

The IPO is notably advised by Kotak Mahindra Capital Co. Ltd., Axis Bank Ltd., JPMorgan Chase & Co., Morgan Stanley, and Citigroup Inc., underscoring investor confidence. Meesho’s platform connects sellers, buyers, and logistics partners, focusing on affordable products with "Everyday Low Prices" to smaller cities and towns.

This listing adds to the robust momentum in India’s capital markets, which have witnessed nearly $19.5 billion raised in 2025, following a record $21 billion in 2024.

Key Highlights:

Meesho Ltd. targets $6 billion (₹53,000 crore) valuation via December IPO.

IPO size estimated at ₹6,000 crore, including ₹4,250 crore fresh issue of shares.

Offer for sale involves 175.7 million shares from existing investors.

SoftBank Group-backed firm engaging SBI Funds for potential pre-IPO placement.

Leading Indian e-commerce company by free cash flow (₹1,032 crore, FY 2024-25).

Advised by Kotak Mahindra Capital, Axis Bank, JPMorgan, Morgan Stanley, and Citi.

IPO adds to strong IPO market momentum with growing retail and institutional interest.

Sources: Economic Times, Bloomberg News, Hindustan Times, Moneycontrol, Tradingview​