Ecommerce unicorn Meesho has captured the spotlight with its highly anticipated initial public offering (IPO), which continued to witness soaring investor interest on the final day of bidding. As of 12:30 PM IST, the Meesho IPO was oversubscribed 16.60 times, signaling strong market confidence in the Bengaluru-based ecommerce disruptor. The public issue received bids for 27.79 crore shares, significantly surpassing the 1.67 crore shares available for subscription.
A deep dive into the subscription data reveals robust participation across investor categories, with particularly strong enthusiasm from non-institutional investors (NIIs). In the high-ticket NII category—comprising investors who placed bids above ₹10 lakh—the IPO saw their quota getting oversubscribed by a massive 25.66 times. Meanwhile, the NII segment for bids ranging between ₹2 lakh and ₹10 lakh also exhibited impressive demand, registering an oversubscription of 20.96 times. This overwhelming participation underscores Meesho’s rising appeal among wealthy individual investors seeking high-growth opportunities in India’s ecommerce segment.
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Retail investors, too, played a significant role in driving Meesho’s IPO momentum. The retail category witnessed bids for 71.4 crore shares against the 5.10 crore shares allotted, resulting in an oversubscription of 13.87 times. Such strong retail participation indicates widespread optimism regarding Meesho’s business model, growth prospects, and potential listing gains.
Meesho has set a price band of ₹105 to ₹111 per share for its IPO. At the upper end of the price band, the company is targeting a valuation of ₹50,000 crore, equivalent to approximately $5.5 billion. This valuation positions Meesho as one of India’s most valuable ecommerce players, marking a significant milestone for the startup that began as a reseller-focused social commerce platform and has now evolved into a full-fledged ecommerce marketplace catering to value-conscious shoppers.
Investors are particularly bullish about Meesho’s unique position in India’s fast-growing online retail landscape. Its asset-light business model, focus on affordable everyday products, and deep penetration into Tier II, III, and IV cities have helped it carve out a distinct identity in a market dominated by giants like Amazon and Flipkart. The company’s approach of empowering small sellers and prioritizing low-cost operations has allowed it to scale rapidly while keeping customer acquisition costs relatively lower.
Moreover, Meesho’s strong financial improvements in recent years—including narrowing losses and increased revenue—have bolstered confidence among investors. The enthusiastic response to the IPO reaffirms the belief that the company is on a strong growth trajectory, with ample headroom to expand further as digital adoption deepens across India.
With such staggering oversubscription levels across categories, Meesho’s IPO is shaping up to be one of the most talked-about public issues of the year. As investors await the final allotment and listing, all eyes are on how the stock performs once it debuts on the public markets—potentially setting the stage for more startup listings in India’s vibrant tech ecosystem.
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