India, Nov. 28 -- Ecommerce major Meesho 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 (Wednesday).

At the upper end of the price band, the IPO will value the company at INR 50,096 Cr (about $5.6 Bn).

The anchor bidding for Meesho's IPO will take place on Tuesday (December 2), while the issue will close on December 5. The shares are expected to list on the exchanges on December 10.

The 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 Mn).

Cofounders Vidit Aatrey and Sanjeev Kumar are looking to sell up to 1.6 Cr shares each via the OF...