Shares of Indian e-commerce platform Meesho surged 46.4% in premarket trade on Wednesday, after its highly anticipated $604-million IPO drew bids worth an extraordinary $28 billion last week. The stock made its debut at ₹162.5 per share on the National Stock Exchange, significantly higher than its ₹111 issue price.
The company’s public offer, amounting to ₹5,421.20 crore, consisted of a fresh issue of 38.29 crore shares (₹4,250 crore) and an offer for sale of 10.55 crore shares (₹1,171.20 crore). The IPO carried a price band of ₹105–₹111, with retail investors able to apply with a minimum investment of ₹14,985 for a lot of 135 shares.
Massive Subscription Across Investor Categories
By the close of bidding on December 5, 2025, the Meesho IPO was subscribed an impressive 79.03 times overall.
Breakdown of demand:
• Retail (RII): 19.08×
• NII: 38.16×
• QIB: 120.18×
The strong subscription reflected overwhelming institutional and retail appetite for one of India’s fastest-growing e-commerce marketplaces.
Use of IPO Proceeds
Meesho plans to deploy the fresh issue funds toward:
• Investing in cloud infrastructure for its subsidiary, Meesho Technologies Pvt. Ltd.
• Marketing and brand-building initiatives
• Salaries for ML, AI and technology hires
• Inorganic growth through acquisitions
• General corporate purposes
About the Company
Founded in 2015 by Vidit Aatrey and Sanjeev Barnwal, the Bengaluru-based company has built a mobile-first, social-commerce marketplace connecting small businesses, MSMEs and independent resellers to customers across India—particularly in Tier-2 and Tier-3 cities. Meesho operates with a zero-commission model, earning through advertising, logistics fulfilment, and value-added services.
For FY25, Meesho reported operating revenue of ₹9,390 crore, up from ₹7,615 crore in FY24, underscoring rapid expansion in one of the world’s most competitive e-commerce markets.
