E-commerce unicorn Meesho delivered a blockbuster listing on Wednesday, beginning its public market journey with a sharp premium and reaffirming investor appetite for high growth internet companies. The Bengaluru-headquartered platform opened at Rs 162.5 on NSE, a 46% premium over its issue price of Rs 111. On BSE, the shares debuted at Rs 161.2, reflecting a 45.2% jump.
Meesho’s Rs 5,421 crore IPO comprised a Rs 4,250 crore fresh issue and Rs 1,171 crore OFS, enabling early investors—including Elevation Capital, Peak XV Partners, Y Combinator and Venture Highway—to partially cash out. The offer, priced at Rs 105–111 per share, targeted a valuation near $5.6 billion.
Ahead of the main subscription, the company raised Rs 2,440 crore from 125 anchor investors, including global giants like BlackRock and Fidelity alongside major Indian mutual funds, signalling strong institutional trust.
Demand during the IPO window was extraordinary. Exchange data showed QIBs subscribed 120x, NIIs 38.14x, while retail investors subscribed nearly 19x, placing Meesho among the most oversubscribed tech offerings in recent years.
Post-listing, Meesho aims to utilize the fresh capital to strengthen logistics efficiency, deepen its seller ecosystem, and drive profitable growth. As a listed entity, the company faces a new phase of disciplined execution, a shift mirroring trends across India’s maturing digital economy.
In FY25, Meesho reported revenue of Rs 9,390 crore with losses of Rs 108 crore before exceptional items. For H1 FY26, revenue reached Rs 5,577 crore, showcasing strong momentum.
Meesho’s strong debut sends a powerful message: investor conviction in India’s scaled, efficiency-focused tech players is back—with Meesho leading the charge
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