Meesho IPO oversubscribed 33.3x as retail investors rush in
Meesho's IPO just wrapped up and demand was huge—investors bid for 221 crore shares, oversubscribing the offer by 33.31 times.
Priced at ₹105-111 per share, the total fundraising hit ₹5,421 crore.
Retail investors were especially active, applying for over three times their allotted quota.
What does Meesho actually do?
Started in 2015 by IIT grads, Meesho is a social commerce platform where small businesses and homemakers sell directly through social media—no inventory hassles needed.
Revenue jumped from ₹5,735 crore in FY23 to ₹9,390 crore in FY25, but big investments meant net losses of ₹3,942 crore along the way.
Other key details
Meesho makes money from marketplace fees, ads, and value-added services, supporting a dispersed network of sellers and resellers across smaller towns and cities.
Backed by heavyweights like SoftBank and Tiger Global (over $1 billion raised), it's growing fast but isn't without risks: recent frauds and an ongoing dispute with AWS over charges are on its radar, plus it's working to fight counterfeit listings using new tech.