Meesho’s long awaited public debut has finally taken a clear shape, and the numbers are already turning heads across the startup world. The company has fixed its price band at Rs 103 to 111, placing its valuation at about 5.74 billion dollars. For a business that began as a small experiment to help home-grown sellers earn online, this moment marks a massive milestone.
The biggest beneficiaries of this move are the company’s earliest believers. Elevation Capital and Peak XV Partners, both of whom backed Meesho when the journey was still uncertain, are sitting on very large paper gains. Their early confidence in the company’s asset-light model and its aggressive push into value ecommerce now looks well rewarded.
What has drawn even more attention is the value of the founders’ combined holding. Vidit Aatrey and Sanjeev Barnwal, who built Meesho from a single room and a limited laptop budget, now hold shares worth about Rs 8,750 crore at the upper end of the price band. It is one of the biggest value-creation stories in the Indian consumer internet space in recent years.
The IPO opens on December 3. A notable detail is that the offer for sale component has been trimmed. Investors familiar with the company say this reflects an intention to keep the core leadership and key early shareholders closely tied to the future growth of the business. Market watchers are expecting strong interest from retail and institutional investors who want exposure to India’s fast growing commerce sector.
Meesho’s public listing will not only test investor appetite but will also serve as a signal for the broader startup ecosystem. A successful debut could lift sentiment and encourage more companies to consider the public markets in the coming year.
