Shardul Amarchand Mangaldas & Co. (SAM) advised Meesho Limited (“Meesho”) on its landmark ₹5,421 crore (approx. US$ 600 million) Initial Public Offering, comprising a fresh issue and an offer for sale by the promoters, Vidit Aatrey and Sanjeev Kumar, and other selling shareholders including affiliates of Elevation Capital, Peak XV, Y Combinator and others.
The offering is among the most oversubscribed IPOs in India by a new-age company, garnering an overall subscription of over 79x, including QIB demand of over 120x, non-institutional investor demand of over 38x, and retail investor demand of over 19x.
The Transaction Team was led by Prashant Gupta, National Practice Head — Capital Markets, along with Ruth Chenchiah, Partner; Koshy Mammen, Senior Associate; Rishika Sharma, Senior Associate; and Abhit Tanay, Associate.
Securities Regulatory Matters were advised by Manjari Tyagi, Partner; Deepika Goyal, Principal Associate; and Kashvi Vachhani, Associate.
