Meesho IPO: SoftBank-backed firm set to launch Rs 4,250 cr IPO on Dec 3; what investors should know – The Times of India

SoftBank-backed e-commerce firm Meesho will open its initial public offering on December 3, featuring a Rs 4,250-crore fresh issue of shares, according to the red herring prospectus filed on Thursday. The issue will close on December 5, while anchor investors will be allotted shares on December 2, PTI reported.Alongside the fresh issue, the IPO will include an offer-for-sale of 10.55 crore shares by existing investors. Early backers such as Elevation, Peak XV, Venture Highway and Y Combinator will offload part of their holdings through the OFS.Where the proceeds will goMeesho said the funds raised will be deployed for cloud infrastructure investments, marketing and brand-building initiatives, inorganic expansion through acquisitions and other strategic plans, and general corporate purposes. The size of the issue and the company’s valuation will depend on the price band, which will be released on Friday.Platform metrics show strong tractionIn FY25, Meesho connected more than 500,000 transacting sellers with 199 million annual transacting users, enabling 1.8 billion placed orders. The company’s Net Merchandise Value (NMV) rose 29 per cent year-on-year to Rs 29,988 crore in FY25, after growing 21 per cent in FY24.Meesho defines NMV as the cumulative checkout value of successfully delivered orders, including taxes. The metric is a key gauge of platform health as it reflects user adoption and repeat engagement, making it central to revenue, margin and cash-flow trends.On the financial front, Meesho reported a net loss of Rs 3,942 crore in FY25, driven largely by one-time exceptional items, including reverse flip tax and perquisite tax linked to its transition to a public structure.