Home / Business and Economy / Meesho IPO Opens Dec 3: Price, Dates, and Listing Details
Meesho IPO Opens Dec 3: Price, Dates, and Listing Details
1 Dec
Summary
- Meesho IPO opens December 3rd, closing December 5th.
- The price band is set at Rs 105 to Rs 115 per share.
- Total IPO size stands at Rs 5,421.20 crore.
The initial public offering (IPO) for SoftBank-backed e-commerce giant Meesho is scheduled to launch next week, opening for public subscription on Wednesday, December 3, and concluding on Friday, December 5. This event marks a significant milestone for the company, which has rapidly grown to become India's largest e-commerce platform in terms of orders and users.
The price band for the IPO has been set in the range of Rs 105 to Rs 115 per equity share. The total value of the book-built public issue stands at an impressive Rs 5,421.20 crore, comprising both fresh issue and an offer for sale. This funding will be instrumental for Meesho's future growth initiatives.
Proceeds from the IPO are earmarked for various strategic purposes, including investment in cloud infrastructure for its subsidiary, bolstering Machine Learning and AI teams, and funding marketing and brand-building efforts. Additionally, funds will support potential acquisitions and general corporate needs, positioning Meesho for sustained expansion.
