Meesho Limited’s Initial Public Offering to open on Wednesday, December 3, 2025
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Anchor Investor Bidding Date – Tuesday, December 2, 2025
Bid /Offer Opening Date – Wednesday, December 3, 2025, and Bid/ Offer Closing Date – Friday, December 5, 2025
Bids can be made for a minimum of 135 Equity Shares and in multiples of 135 Equity Shares thereafter
Red Herring Prospectus (“RHP”) link: https://investor.meesho.com/ipo-disclosures
National, November 28, 2025: Meesho Limited (the “Company”) proposes to open the initial public offering (“Offer”) of its equity shares of face value ₹1 each (“Equity Shares”) on Wednesday, December 3, 2025. The Anchor Investor Bidding Date is one Working Day prior to Bid/Offer Opening Date, being Tuesday, December 2, 2025. The Bid/Offer Closing Date is Friday, December 5, 2025.
The Price Band of the Offer has been fixed from ₹105 per Equity Share of face value ₹1 each to ₹111 per Equity Share of face value of ₹1 each. Bids can be made for a minimum of 135 Equity Shares of face value ₹1 each and multiples of 135 Equity Shares of face value ₹1 each thereafter.
The Offer comprises a fresh issue of Equity Shares aggregating up to ₹42,500 million (the “Fresh Issue”) and an Offer for Sale of up to 105,513,839 Equity Shares by certain existing shareholders including Vidit Aatrey and Sanjeev Kumar(together the “Promoter Selling Shareholders”), Elevation Capital V Limited, Peak XV Partners Investments V, Venture Highway Series 1, a Series of Venture Highway SPVs LLC), Golden Summit Limited, Y Combinator Continuity Holdings I LLC,Sarin Family India LLC, Crimsn Holdings, LLC, Titan Patriot Fund Ltd and Gemini Investments L.P. (together the “Corporate Selling Shareholders”), Man Hay Tam and Rajul Garg (together the “Individual Selling Shareholders”, and collectively with the Promoter Selling Shareholders and the Corporate Selling Shareholders, the “Selling Shareholders”)
The Offer is being made in accordance with Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended (“SCRR”) read with Regulation 31 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (“SEBI ICDR Regulations”). The Offer is being made through the Book Building Process in accordance with Regulation 6(2) of the SEBI ICDR Regulations, wherein in terms of Regulation 32(2) of the SEBI ICDR Regulations, not less than 75% of the Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIB Portion”). The Company, in consultation with the Book Running Lead Managers (“BRLMs”), may allocate up to 60% of the QIB Portion to Anchor Investors (“Anchor Investor Portion”) on a discretionary basis, of which one-third shall be reserved for domestic Mutual Funds, subject to valid bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price.
Further, not more than 15% of the Offer shall be available for allocation to Non-Institutional Investors (“Non-Institutional Portion”) and not more than 10% to Retail Individual Investors.
The Equity Shares are proposed to be listed on BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”). For the purposes of the Offer, NSE shall be the Designated Stock Exchange.
Book Running Lead Managers:
Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited, Morgan Stanley India Company Private Limited, Axis Capital Limited and Citigroup Global Markets India Private Limited.
Registrar to the Offer: KFin Technologies Limited.
Disclaimer
Meesho Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offering of its Equity Shares and has filed the Red Herring Prospectus (“RHP”) with the Registrar of Companies, Karnataka at Bengaluru. The RHP is available on the Company’s website (https://investor.meesho.com/ipo-disclosures), the websites of SEBI (www.sebi.gov.in), BSE (www.bseindia.com), NSE (www.nseindia.com) and the websites of the BRLMs at https://investmentbank.kotak.com, www.jpmipl.com, www.morganstanley.com, www.axiscapital.co.in and www.citigroup.com/global/about-us/global-presence/india/disclaimer. Potential investors should note that investment in equity shares involves a high degree of risk and for details relating to such risk, please see “Risk Factors” beginning on page 89 of the RHP. Potential investors should not rely on the Updated Draft Red Herring Prospectus I for any investment decision and instead should place reliance on the RHP.
This announcement has been prepared for publication in India only and is not for publication or distribution, directly or indirectly, in or into the United States. This announcement has been prepared for publication in India only and is not for publication or distribution, directly or indirectly, in or into the United States. The Equity Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any other applicable law of the United States and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. Persons as defined in Regulation S under the U.S. Securities Act (“U.S. Persons”) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. Accordingly, the Equity Shares are only being offered and sold (a) to persons in the United States or to or for the account or benefit of, U.S. Persons, in each case that are both “qualified institutional buyers” (as defined in Rule 144A under the U.S. Securities Act and “qualified purchasers” (as defined under the U.S. Investment Company Act) in reliance on Section 3(c)(7) of the U.S. Investment Company Act; or (b) outside theUnited States to investors that are not U.S. Persons nor persons acquiring for the account or benefit of the U.S. Persons in offshore transactions in reliance on Regulation S under the U.S. Securities Act and the applicable laws of the jurisdiction where those offers and sales occur.
Annexure A: Price band advertisement to be included











































