Meesho IPO Fully Subscribed on Day 1 — Should you also apply? Anil Singhvi explains

Meesho IPO: Meesho IPO has been fully subscribed, reflecting strong interest from investors across categories. Retail Individual Investors (RIIs) subscribed 3.17 times their allotted quota, showing robust demand from small investors.

The Non-Institutional Investor (NII) segment also saw healthy participation with 1.27 times subscription. Overall, the issue received bids for 28.32 crore shares against 27.79 crore shares on offer, making it fully subscribed at 1.02 times.

However, the QIB portion remained muted at 0.16 times so far, indicating that institutional demand may pick up closer to closing.

Add Zee Business as a Preferred Source

Meesho IPO Anchor Round

Meesho, a SoftBank-backed e-commerce company, has raised over Rs 2,439 crore from anchor investors ahead of its IPO. The demand for the anchor portion was extremely strong, crossing Rs 80,000 crore, which is nearly 30 times more than the shares available.

A total of 60 investors took part. These included several large global names such as Fidelity Funds, BlackRock, Tiger Global, Goldman Sachs, Morgan Stanley, and sovereign funds from Singapore.

Major Indian mutual funds such as SBI, UTI, Tata, Motilal Oswal, Axis, Bandhan and HSBC also participated. The company allotted 21.97 crore shares for Rs 111 each, raising Rs 2,439.5 crore.

Meesho IPO Price Band

Meesho aims to raise Rs 5,421 crore through the IPO. The price band is set between Rs 105 and Rs 111 per share, valuing the company at about Rs 50,096 crore at the top end.

The IPO includes a fresh issue of Rs 4,250 crore and an offer for sale worth Rs 1,171 crore, where early investors like Elevation, Peak XV, Venture Highway, and Y Combinator will sell part of their stake.

Meesho IPO: Company Financials

Meesho plans to use the money to improve its cloud infrastructure, increase its marketing and branding efforts, and fund acquisitions and other strategic projects. The stock is expected to list on December 10.

In FY25, Meesho connected more than five lakh sellers with 199 million users and handled 1.8 billion orders. Its Net Merchandise Value grew 29 per cent to Rs 29,988 crore, showing strong customer engagement.

The company reported a net loss of Rs 3,942 crore in FY25, mainly because of one-time taxes and restructuring costs related to preparing for the IPO.

However, it reduced its losses to Rs 700.72 crore in the first half of FY26. Revenue also increased to Rs 5,577 crore in the same period, compared with Rs 4,311 crore a year earlier.

Should You Invest In Meesho IPO?

Market expert and Zee Business Managing Editor, Anil Singhvi, believes Meesho represents a strong digital growth story from “Bharat.” He says the company has young promoters, a zero-commission marketplace, and a large presence in India’s mass market.

At the same time, he notes that Meesho faces challenges such as competition from Amazon and Flipkart, cash-flow fluctuations, and a high share of cash-on-delivery orders.

Even though it is still loss-making, he feels the company has strong potential and suggests that investors may consider applying for reasonable listing gains and for long-term growth.