Mumbai, India | November 28, 2025 —
Pune-based e-commerce major Meesho has officially filed for a ₹4,250 crore Initial Public Offering (IPO), marking one of the largest tech listings in India this year despite persistent market volatility. The company plans to issue 12 crore fresh shares, priced between ₹350 and ₹400, with the listing expected to draw strong interest from retail and institutional investors alike.
Founded in 2015 by Vidit Aatrey and Sanjeev Barnwal, Meesho has grown into a $4.9 billion-valued social commerce powerhouse, catering primarily to Tier-2 and Tier-3 markets. With 120 million monthly active users and ₹7,500 crore in FY25 revenue—a 33% year-on-year rise—the platform has positioned itself as a major disruptor in India’s rapidly expanding digital retail ecosystem.
The IPO, managed by Kotak Mahindra Capital and Jefferies, aims to bolster Meesho’s investments in AI-driven logistics, last-mile delivery innovations, and vendor incentive programs. India’s booming e-retail market, currently worth around $100 billion, is projected to triple to $350 billion by 2030, offering significant headroom for growth.
However, broader market sentiment turned cautious on Thursday as the Sensex dipped 0.16% to 85,824, while the Nifty MidCap index fell 0.36%, influenced by global volatility linked to U.S. Black Friday trading. RBI Governor Sanjay Malhotra noted inflation holding at 4.8%, adding to investor concerns.
Despite challenges from industry giants Amazon and Flipkart, who collectively control a majority of the e-commerce market, Meesho’s founders expressed confidence in their hyper-local seller base and regional growth strategy. CEO Vidit Aatrey emphasized the company’s focus on affordability and small-business empowerment.
Meesho secured swift SEBI approval following its October filing and is set to commence roadshows from December 1. The listing comes at a time when Reliance Retail hit a new 52-week high, underscoring continued strength in India’s broader retail sector—even as the IMF now projects India’s $5 trillion GDP milestone may be reached in 2028 rather than 2026.
