Meesho's IPO: Massive demand, listing set for December 10
Meesho's IPO just wrapped up with huge buzz—subscriptions hit 79 times the offer size and raised ₹5,421.20 crore.
Big investors went all in (120x), but retail folks showed up strong too (19x).
Share allotment happens December 8, with listing on both BSE and NSE set for December 10.
What does Meesho actually do?
Meesho is an e-commerce platform focused on affordable shopping for users in smaller cities and towns.
Over the past two years, it's grown its user base by 46%, now serving nearly 20 crore people mostly outside big metros.
Revenue jumped to ₹9,390 crore in FY25, losses have shrunk, and it's managed positive free cash flow for two years—a sign of improving financial health.
Other details you should know
The IPO values Meesho at about five times its FY25 revenue—a bold bet on future growth even though the company isn't profitable yet.
Grey market chatter puts expected listing price around ₹155 (about 40% above the IPO price band).
Brokerages are optimistic thanks to rising order volumes and a smart logistics arm, but competition is tough and heavy reliance on cash-on-delivery could be a challenge going forward.