New Delhi, Dec. 1 -- Meesho, an e-commerce company, targets to raise Rs.5,421 crore through its Initial Public Offering (IPO), which will begin subscription on December 3.

Meesho IPO price band has been set in the range of Rs.105-111 per share, giving Meesho a valuation of Rs.50,096 crore (USD 5.6 billion) at the upper price band. Meesho announced last week that the public offering will conclude on December 5, with allocations for anchor investors scheduled for December 2.

Meesho IPO GMP (grey market premium) today stands at Rs.42. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Meesho share price was indicated at Rs.153 apiece, which is 37.84% higher than the IP...