India, Dec. 1 -- From a fashion-based quick delivery platform (Fashnear) in 2015 to a social commerce network, to a full-stack ecommerce model, and finally to a technology enabler of logistics companies, Meesho's penchant for experimentation and iteration are an open secret.

Now the SoftBank-backed company is entering one of the largest public markets in the world with its INR 5,421 Cr listing. On November 28, Meesho stated that it has set a price band of INR 105 to INR 111 for its initial public offering (IPO), which is set to open on December 3.

The Meesho IPO will comprise a fresh issue of up to INR 4,250 Cr and an OFS of up to 10.55 Cr shares. At the upper end of the price band, the total IPO size would be INR 5,421 Cr (about $606.2...