Meesho's ₹5,421 crore IPO saw its retail investor portion fully subscribed on Day 1 of bidding (December 3). The SoftBank-backed e-commerce platform's mainboard offer, priced at ₹105–111, drew robust individual interest despite a massive overall size, with QIBs and NIIs yet to weigh in heavily
Steady start for value-commerce giant
Meesho, India's leading platform for Tier 2+ sellers and shoppers, opened subscription with retail fully booked early, reflecting confidence in its 199 million annual users and AI-driven growth. Anchor investors committed ₹1,621 crore yesterday.
Key highlights
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Retail fully subscribed: 10% quota (about 48.6 million shares) exhausted on Day 1; minimum lot 135 shares (₹14,175–14,985).
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Issue breakdown: ₹4,250 crore fresh issue + ₹1,171 crore OFS; QIBs 75%, NIIs 15%, retail 10%.
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Timeline: Open Dec 3–5; allotment Dec 8; listing Dec 10 on BSE/NSE.
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Business edge: 1.83 billion FY25 orders; focuses low-AOV "value commerce" for non-metro India.
Sources: IPOWatch/Chittorgarh live status; Moneycontrol/Financial Express Day 1 updates; Kotak Securities/Upstox IPO trackers.