Meesho’s IPO oversubscribed 81.76 times; receives bids worth Rs 2.44 lakh crore

E-commerce company Meesho’s initial public offering (IPO) received an overwhelming response from investors, with the overall issue subscribed 81.76 times as of December 5, 2025.

The strong bidding interest was led by Qualified Institutional Buyers (QIBs).

According to exchange data, the QIB segment was subscribed 123.34 times, making it the most aggressively bid category. Investors in this segment applied for about 1,807 crore shares against only 14.65 crore shares available.

The Non-Institutional Investors (NII) portion witnessed subscriptions of 39.85 times. Within this segment, bids above Rs 10 lakh (bNII) were subscribed 43.64 times, while bids below Rs 10 lakh (sNII) were subscribed 32.28 times. Together, NIIs placed bids for roughly 291.97 crore shares against an available 7.32 crore shares.

The bNII subcategory saw investors bid around 213.14 crore shares for 4.88 crore shares offered, while the sNII segment received bids of nearly 78.83 crore shares for about 2.44 crore shares.

Retail participation was also strong, with the segment subscribed 19.89 times. Retail investors bid for around 97.14 crore shares against approximately 4.88 crore shares available.

Overall, the IPO received nearly 62.75 lakh applications, ranking Meesho among the most sought-after issues of the year. The total shares bid across all categories amounted to around 2,196 crore compared to 26.86 crore shares in the offering.

At the upper price band of Rs 111 per share share, the IPO drew bids worth around Rs 2.44 lakh crore

The share allotment is expected on December 8, and the company is set to list on the BSE and NSE on December 10.

The IPO comprises a fresh issue of up to Rs 4,250 crore and an offer for sale of 10.55 crore shares by existing shareholders. Early investors, including Elevation Capital, Peak XV Partners, Venture Highway and founders Vidit Aatrey and Sanjeev Barnwal, will sell part of their holdings.

Meesho plans to use the fresh capital to strengthen its technology stack, expand cloud infrastructure, increase brand visibility and improve marketplace systems.

In FY25, Meesho posted revenue of Rs 9,390 crore and losses before exceptional items and tax of Rs 108 crore. In the first half of FY26, the company recorded revenue of Rs 5,577 crore. Meesho is valued at about Rs 50,000 crore at the upper end of the price range.

The IPO is being managed by Kotak Mahindra Capital, J.P. Morgan, Morgan Stanley, Axis Capital and Citigroup. KFin Technologies is the registrar to the issue.