Meesho’s Strong Entry: E-commerce Marketplace Thrives in Public Markets

E-commerce marketplace Meesho made an impressive entry into the public markets on Wednesday, listing with a significant premium and closing one of the largest tech IPOs of 2025. The Bengaluru-based company began trading at Rs 162.5 per share on NSE, reflecting a 46% increase from its issue price of Rs 111. On the Bombay Stock Exchange, Meesho opened at Rs 161.2, indicating a 45.2% premium compared to its issue price.

Meesho’s Rs 5,421 crore IPO consisted of a Rs 4,250 crore fresh issue and an OFS of Rs 1,171 crore, providing early investors with opportunities for partial exits. Notable backers such as Elevation Capital, Peak XV Partners, Y Combinator, and Venture Highway participated in the offer for sale. The IPO was presented within a price band of Rs 105–111, targeting a valuation around the $5.6 billion mark.

Prior to the public subscription, the company, led by Vidit Aatrey, raised Rs 2,440 crore from 125 anchor investors. These investors received 21.98 crore shares priced at Rs 111 each. The anchor book included participation from major global entities such as BlackRock and Fidelity, as well as domestic mutual funds, providing a robust institutional endorsement ahead of the retail investor stage.

Based on data from the exchanges, Qualified Institutional Buyers (QIBs) subscribed over 120 times, with Non-Institutional Investors (NIIs) subscribing at 38.14 times. The retail investor segment also showed strong interest, achieving subscription levels of 19 times.

With an influx of fresh capital, Meesho is poised to focus on enhancing logistics efficiency, expanding its seller network, and improving sustainable margins. However, as a public entity, the emphasis now shifts from aggressive scaling to consistent execution, a challenge that has transformed India’s consumer internet sector in the last couple of years.

In the previous fiscal year, the organization recorded revenues of Rs 9,390 crore, while losses before exceptional items and taxes amounted to Rs 108 crore during the same timeframe. For the first half of the current fiscal year (H1 FY26), Meesho reported revenues of Rs 5,577 crore.

At this moment, market responses indicate a positive outlook. Meesho’s debut stands as one of the most robust tech listings in recent years, reaffirming investor enthusiasm for well-established internet companies with improved financial strategies.