Meesho Targets ₹52,500 Cr IPO Valuation
Your daily dose of business news
🗞️ SEBI board to review MF & broker regulations on Dec 17
SEBI will discuss a comprehensive overhaul of rules governing mutual funds and stock brokers on December 17.
The review aims to strengthen investor protection, streamline compliance, and address new-age digital investment models.
🗞️ Axis Bank to raise up to ₹5,000 crore
Axis Bank will raise ₹5,000 crore via private placement to boost Tier-2 capital and support credit growth.
🗞️ Maruti Suzuki invests ₹2 crore in mobility startup
Maruti Suzuki has invested ₹2 crore in connected mobility startup Ravity Software, strengthening its digital capabilities for next-generation vehicle platforms.
🗞️ IndiGo approves ₹7,000+ crore capital investment
IndiGo has approved more than ₹7,000 crore for aircraft ownership, marking a strategic shift from its traditional leasing model to direct asset ownership.
💬 Expert Take — “Owning aircraft improves long-term operating economics, signalling IndiGo’s confidence in India’s aviation growth curve.”
🗞️ UPI to interlink with Europe’s TIPS system
India’s UPI will soon interlink with the European instant payment system TIPS, enabling seamless low-cost cross-border payments between India and EU nations.
🗞️ Kotak Mahindra Bank announces 1:5 stock split
Kotak Mahindra Bank has approved a 1:5 stock split, aimed at improving affordability and boosting liquidity in the stock.
🗞️ Meesho eyes ₹52,500 crore valuation for December IPO
Meesho is targeting a post-money valuation of ₹52,500 crore for its December IPO, positioning itself among India’s largest consumer internet listings.
💬 Expert Take — “If Meesho achieves this valuation, it will reaffirm investor appetite for asset-light, high-growth consumer marketplaces.”
🗞️ Japan approves $135 billion stimulus
Japan has cleared a $135 billion stimulus package to counter inflation, support households, and stabilize markets as global uncertainty rises.
📊 Market Update
📉 Sensex: 85,231.92 ▼ 400.76 pts (–0.47%)
📉 Nifty 50: 26,068.15 ▼ 124.00 pts (–0.47%)
💱 USD/INR: 88.23
🪙 Gold (per gram): 24K ₹12,398 ▼ ₹28 | 22K ₹11,365 ▼ ₹25
🥈 Silver (per kg): ₹1,61,000 ▼ ₹4,000
That's a pretty aggresive valuation for Meesho. Will be intresting to see if retail investors show up for yet another consumer marketplace IPO after the mixed performance of recent listings.