Meesho's IPO has seen huge interest, with the offering being oversubscribed 16.6 times. NIIs, retail investors and QIBs all placed huge bids, showing great confidence in the company. Meesho has set a price band of ₹105–₹111 and is targeting a valuation of around ₹50,000 crore with the expected listing on December 10.
The company has raised money from leading anchor investors including SBI, Axis, HSBC, Tiger Global and BlackRock. The founders and early investors are selling some shares through OFS. Meesho will use the fresh funds for cloud infrastructure, tech hiring, marketing, acquisitions and general growth plans.
Financially, Meesho reduced losses and increased revenue by 29% in the first half of fiscal 2026. However, in fiscal 2025, losses were much higher than the previous year, although revenue continued to grow steadily.