SoftBank-backed e-commerce company Meesho Ltd made a strong debut on the stock exchanges on Wednesday, listing at a 45 per cent premium over its issue price of Rs 111 per share. On BSE, the stock opened around Rs 161.20, reflecting strong investor interest.
The IPO had seen heavy oversubscription across all categories, signalling robust demand from both institutional and retail investors.
According to NSE data, the Rs 5,421-crore IPO received bids for 21,96,29,80,575 shares against 27,79,38,446 shares on offer, making it 79.02 times oversubscribed.
The Qualified Institutional Buyers (QIBs) portion was subscribed 120.18 times, Non-Institutional Investors (NIIs) subscribed 38.15 times, and the retail quota received 19.04 times subscription.
Meesho had also raised Rs 2,439 crore from anchor investors before the IPO. At the upper price band of Rs 111, the company’s valuation stood at Rs 50,096 crore (USD 5.6 billion).
Use of IPO Proceeds
The IPO included a fresh issue of Rs 4,250 crore and an Offer For Sale (OFS) of Rs 1,171 crore, with shares sold by early investors like Elevation, Peak XV, Venture Highway, and Y Combinator.
Meesho plans to use the proceeds for cloud infrastructure expansion, marketing and brand initiatives, strategic acquisitions, and general corporate purposes to support its growth.
Anil Singhvi’s Market View
Market expert Anil Singhvi commented on the listing, noting that the Rs 140–150 range was expected, and the actual listing above Rs 160 shows strong investor sentiment.
He advised investors to hold the stock with a stop-loss at Rs 125 and trail their positions as the stock moves higher. He also suggested buying more at lower levels if the stock shows stability after the initial volatility.
Business Performance and Growth
In FY25, Meesho connected over 5 lakh transacting sellers with 199 million users, facilitating 1.8 billion orders. Its Net Merchandise Value (NMV) grew 29 per cent year-on-year to Rs 29,988 crore.
Financially, the company posted a net loss of Rs 3,942 crore, mainly due to one-time tax items. In the first half of FY26, Meesho narrowed its loss to Rs 700.72 crore, while revenues from operations increased to Rs 5,577.54 crore from Rs 4,311.29 crore a year ago.
