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Resurfaced report,first published

Meesho launches Rs 5,421 crore IPO at Rs 105-111 band, valuing e-commerce firm at Rs 50,096 crore

Meesho launches Rs 5,421 crore IPO opening December 3, listing December 10, at Rs 105-111 price band valuing the e-commerce firm at Rs 50,096 crore. Proceeds fund cloud, AI hiring, marketing and acquisitions; FY25 posted Rs 3,941.70 crore loss.

Reported figures

From the report. Source details below

fresh issue Rs 4,250 crore
OFS up to 10.55 crore shares

Other figures

  • 213 million annual users
  • 2 billion orders
  • FY24 PAT Rs 327.64 crore

The source

Source Read the source at Financial Express

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