Meesho, an e-commerce marketplace, received substantial investor interest in its IPO, with the whole issue subscribed 79 times, owing mostly to strong demand from Qualified Institutional Buyers (QIBs).
Key Highlights
- IPO sized at ₹5,421 crore; strong anchor demand raised ₹2,439 crore pre-public offering.
- Retail portion fully subscribed within an hour; grey-market premium near 40 %, signalling high listing momentum.
According to exchange data, Qualified Institutional Buyers (QIBs) subscribed more than 120 times, followed by Non-Institutional Investors (NIIs) at 38.14. The retail investor quota also saw significant growth, with subscriptions increasing 19 times.
The initial public offering was accessible for subscription from December 3 to 5, with a price range of Rs 105 to 111 per share and a minimum investment of Rs 14,175. The share allotment is expected on December 8, and the business is scheduled to list on the BSE and NSE on December 10.
The offering includes a fresh financing of Rs 4,250 crore and an OFS of 10.55 crore shares valued at Rs 1,171 crore by early backers and some founders. Elevation Capital, Peak XV Partners, Y Combinator, Venture Highway, and other investors will use the OFS to cash out a portion of their long-held shares.
Also Read: Meesho Sets IPO Price Band at Rs 105-111, Issue Opens December 3
According to a recent report, Elevation Capital's OFS stake in Meesho is worth Rs 271 crore, representing an impressive 36.5X return. Peak XV's OFS raises around Rs 193 crore with a 26X mark-to-market return, while Y Combinator is expected to generate an amazing 108.8X return.
Earlier this week, Meesho raised Rs 2,439 crore from anchor investors at an upper price band of Rs 111 per share, ahead of its IPO. The anchors included SBI Mutual Fund, Tiger Global, BlackRock, ADIA, and others.
The company generated Rs 9,390 crore in sales last fiscal year, but lost Rs 108 crore before unusual items and tax. It recorded Rs 5,577 crore in revenue for the first half of the current fiscal year (H1 FY26).
