Meesho IPO Opens at ₹5,400 Crore: Price Band Set at ₹1,082–1,140 per Share
Meesho opened India’s largest consumer-internet IPO of 2026 on July 26, seeking ₹5,400 crore at a valuation of about $9.8 billion, with anchor investors subscribing ₹2,380 crore a day earlier.
Key Facts
| Detail | Value |
|---|---|
| Deal size | ₹5,400 |
| Stage | IPO |
| Valuation | $9.8 billion |
| Sector | Meesho |
| Coverage | Startup News |
Meesho's ₹5,400 crore initial public offering opened for subscription on July 26, 2026, with a price band of ₹1,082–1,140 per share valuing the horizontal commerce platform at roughly $9.8 billion.
Key Takeaways
Where the Money Goes
Meesho has earmarked the fresh issue for three buckets: ₹1,350 crore for technology and AI infrastructure, ₹900 crore for marketing and seller acquisition in tier-2 and tier-3 markets, and the balance for general corporate purposes and logistics capacity.
Financial Snapshot
What Analysts Are Watching
Is Meesho profitable?
Yes on an adjusted EBITDA basis for FY26, driven by a zero-commission model monetised through ads and logistics services rather than take rate.
How does it compare with listed peers?
At the upper band, Meesho trades at roughly 6.4x FY26 revenue — a discount to quick-commerce comparables but a premium to traditional e-commerce marketplaces, reflecting its value-commerce moat in non-metro India.
Why It Matters
Meesho's listing is the second major consumer-internet float of H2 2026 after Zepto, and its pricing will set the anchor for PhysicsWallah, Rapido and PhonePe, all of which have filed or signalled listings before March 2027.
Reported by Ananya Raghavan. Spotted an error in this story? Request a correction or email corrections@startupory.com. See our editorial policy.
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