Shardul Amarchand Mangaldas & Co. Advised Meesho Limited On Its ₹5,421 Crore Initial Public Offering
Shardul Amarchand Mangaldas & Co. advised Meesho Limited on its ₹5,421 crore Initial Public Offering
The leading law firm in India, 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 SAM 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).
The securities regulatory matters were advised by Manjari Tyagi (Partner), Deepika Goyal (Principal Associate), and Kashvi Vachhani (Associate).
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