Shares of Indian e-commerce platform Meesho extended their strong listing-day rally on Wednesday, climbing another 8% after debuting with a 46.4% premium earlier in the day. With the latest jump, the stock is now up over 54% from its issue price of ₹111 per share.
Meesho listed at ₹162.5 on the NSE—significantly above expectations—after its ₹5,421.20 crore IPO received overwhelming demand, drawing bids worth $28 billion. The IPO comprised a fresh issue of ₹4,250 crore and an offer for sale of ₹1,171.20 crore, priced in the band of ₹105–₹111.
Subscription Highlights
The three-day offer, open from December 3 to 5, witnessed a strong response across categories, ending with an overall subscription of 79.03 times:
• QIBs: 120.18×
• NIIs: 38.16×
• Retail investors: 19.08×
Strong institutional demand, combined with Meesho’s rapid growth and asset-light model, fuelled bullish sentiment during the listing.
Use of Proceeds
Funds raised through the fresh issue will be deployed for:
• Cloud infrastructure expansion for Meesho Technologies Pvt. Ltd.
• Marketing and brand initiatives
• Salaries for machine learning, AI and tech hires
• Inorganic growth via acquisitions
• General corporate purposes
About Meesho
Founded in 2015 by Vidit Aatrey and Sanjeev Barnwal, the Bengaluru-based company operates a mobile-first, social-commerce platform enabling MSMEs, small businesses and individual resellers to sell nationwide. Meesho runs a zero-commission marketplace and earns via seller ads, fulfilment fees and value-added services.
The company posted ₹9,390 crore in operating revenue for FY25, up from ₹7,615 crore in FY24.
