Meesho, an online marketplace, closed one of the biggest tech initial public offerings (IPOs) of 2025 on Wednesday after listing at a high premium. The Bengaluru-based company began trading on the NSE at Rs 162.5 per share, a 46% increase over its Rs 111 issue price.

Key Highlights

• Meesho shares debut on stock exchanges at a strong 46 percent premium over issue price.
• Listing reflects robust investor confidence in Meesho’s business model and long-term growth prospects.

Meesho began at Rs 161.2 on the Bombay Stock Exchange, which was 45.2% more than its IPO price.

Meesho's Rs 5,421 crore IPO included an OFS of Rs 1,171 crore, which permitted early investors to partially exit, and a fresh offering of Rs 4,250 crore. Through the selling offer, investors like Elevation Capital, Peak XV Partners, Y Combinator, Venture Highway, and others will partially withdraw. The offer was priced between Rs 105 and Rs 111, with a $5.6 billion valuation target.

The Vidit Aatrey-led business raised Rs 2,440 crore from 125 anchor investors prior to the public sale. These investors were given 21.98 lakh shares at a price of Rs 111 each. Before opening to individual investors, the IPO received a strong institutional signal from the participation of international heavyweights like BlackRock, Fidelity, and domestic mutual funds in the anchor book.

Exchange data shows that Non-Institutional Investors (NIIs) were subscribed 38.14 times, while Qualified Institutional Buyers (QIBs) were subscribed over 120 times. With subscriptions surpassing 19 times, the retail investor quota also experienced significant growth.

Meesho is anticipated to increase its focus on seller ecosystem expansion, sustainable profit improvement, and logistics optimization with new funding. However, as a publicly traded company, the emphasis today is on steady execution rather than blitzscaling, a test that has changed India's consumer internet scene in the last two years.

Also Read: Meesho Gets Rs 2,439 Crore Anchor Funding Ahead of IPO

The company reported revenue of Rs 9,390 crore for the most recent fiscal year, while its losses before taxes and unusual items were Rs 108 crore. It recorded Rs5,577 crore in revenue for the first half of the current fiscal year (H1 FY26).

The markets have rendered their decision for the time being. Meesho's launch is one of the best tech listings in recent memory, confirming investors' desire for larger online companies with better financial management.