India’s popular social commerce platform Meesho has captured the attention of investors with an extraordinary response to its initial public offering (IPO). The three-day issue, which ran from 3 to 5 December, has been oversubscribed nearly 79 times, reflecting strong market confidence in the company. The IPO included a fresh issue of ₹4,250 crore and an offer-for-sale (OFS) of around ₹1,171 crore, totaling ₹5,421 crore, priced in a band of ₹105–₹111 per share.
Subscription data shows that demand built rapidly: the IPO was subscribed 2.35 times on Day 1, surged to 6–8 times on Day 2, and closed at nearly 79 times overall on the final day. By category, Qualified Institutional Buyers (QIBs) subscribed roughly 120 times, retail investors around 18 times, and non-institutional investors about 38 times.
Ahead of the listing, Meesho shares are trading at a grey market premium of nearly 45%, with unlisted shares changing hands at approximately ₹160.5. This points to potential listing gains of 40–45% over the IPO’s upper price band. The shares are expected to list on 10 December 2025.
At the upper price band of ₹111, Meesho’s post-IPO market valuation stands at roughly ₹50,096 crore. The company plans to use the funds raised to strengthen its cloud infrastructure, expand technology and AI capabilities, ramp up marketing, and support overall business growth.
Analysts highlight Meesho’s strong presence in Tier-2 and Tier-3 cities and its asset-light business model as key strengths driving investor confidence. However, the company remains unprofitable, despite generating positive free cash flow in FY25, and operates in a highly competitive e-commerce market where maintaining customer trust and logistics efficiency is crucial.
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