SoftBank-backed e-commerce marketplace Meesho has secured ₹2,439 crore from anchor investors at the upper price band of ₹111 per share, marking one of the strongest anchor responses for an Indian tech IPO in recent years. The anchor book drew nearly ₹80,000 crore in bids, translating to an oversubscription of around 32 times.
Strong Domestic and Global Participation
As per the company’s stock exchange filing, Meesho allotted 21.97 crore shares to anchor investors. Of this, 9.37 crore shares (43.6%) were subscribed by 14 domestic mutual funds across 52 schemes, contributing ₹867 crore.
The anchor list includes a powerful mix of domestic and global institutions such as SBI Mutual Fund, Tiger Global, BlackRock, ADIA, and a range of long only global funds. Other marquee investors—GIC, Fidelity International, Fidelity Management & Research, Baillie Gifford, Wellington, and Goldman Sachs Asset Management also participated in the anchor round.
The strong interest signals growing investor confidence in Meesho’s asset-light, profitability-focused model, which differentiates it from traditional e-commerce players.
IPO Details and Share Sale Structure
Meesho’s IPO opens for subscription on December 3 and closes on December 5. The offering includes a fresh issue of ₹4,250 crore and an Offer for Sale (OFS) of 10.55 crore shares from early investors and some founders. Among those partially exiting are Elevation Capital, Peak XV Partners, Venture Highway, and others.
Financial Performance
In FY25, Meesho reported ₹9,390 crore in revenue, with losses before exceptional items and tax narrowing to ₹108 crore. For H1 FY26, revenue stood at ₹5,577 crore, reflecting continued operational discipline and strong platform activity.
Final Take
With a blockbuster anchor response, Meesho enters its IPO with significant momentum. Investor appetite reflects confidence in its scaled marketplace, improving margins, and its potential to redefine India’s value-driven e-commerce landscape.
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