Meesho’s IPO oversubscribed 79x; QIB quota sees 120x bids

E-commerce marketplace Meesho’s IPO saw robust investor interest, with the overall issue subscribed 79 times, steered largely by strong demand from Qualified Institutional Buyers (QIBs).

According to exchange data, Qualified Institutional Buyers (QIBs) subscribed over 120 times, followed by Non-Institutional Investors (NIIs) at 38.14 times. The retail investor quota also saw strong traction, with subscriptions reaching 19 times.

The initial public offering was open for subscription from December 3 to 5 with a price band of Rs 105–111 per share and a minimum investment of Rs 14,175. The share allotment is expected on December 8, and the company is set to list on the BSE and NSE on December 10.

The issue includes a fresh raise of Rs 4,250 crore and an OFS of 10.55 crore shares worth Rs 1,171 crore by early backers and some founders. Investors such as Elevation Capital, Peak XV Partners, Y Combinator, Venture Highway and others will partially exit through the OFS, monetising a portion of their long-held stakes.

According to a recent Entrackr report, Elevation Capital’s OFS share in Meesho is worth Rs 271 crore, giving it a stellar 36.5X return. Peak XV’s OFS fetches about Rs 193 crore with a 26X mark-to-market return, while Y Combinator is set to score an impressive 108.8X return.

Earlier this week, Meesho raised Rs 2,439 crore from anchor investors at the upper price band of Rs 111 per share ahead of its IPO. The anchor list included SBI Mutual Fund, Tiger Global, BlackRock, ADIA, and others.

During the last fiscal year, the company posted revenue of Rs 9,390 crore, while its losses before exceptional items and tax stood at Rs 108 crore in the same period. In the first half of the ongoing fiscal year (H1 FY26), it reported revenue of Rs 5,577 crore.