How many times was Meesho's IPO subscribed?

Meesho's IPO was subscribed 79 times overall, with QIBs showing particularly strong demand.

Who are the major investors in Meesho's IPO OFS?

Early investors like Elevation Capital, Peak XV Partners, and Y Combinator are participating in the Offer for Sale (OFS).

What were Meesho's financial results for the last fiscal year?

Meesho reported revenue of Rs 9,390 crore and losses of Rs 108 crore in the last fiscal year.

Home / Business and Economy / Meesho IPO Oversubscribed 79x Amidst Investor Frenzy

Meesho IPO Oversubscribed 79x Amidst Investor Frenzy

5 Dec

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Summary

Meesho's IPO was subscribed 79 times, with strong demand from Qualified Institutional Buyers.
The offering included a Rs 4,250 crore fresh raise and Rs 1,171 crore OFS from early investors.
Meesho reported revenue of Rs 9,390 crore last fiscal year with Rs 108 crore losses.

Meesho IPO Oversubscribed 79x Amidst Investor Frenzy

E-commerce platform Meesho's Initial Public Offering (IPO) concluded with remarkable success, attracting investor interest that resulted in the issue being subscribed a staggering 79 times. The demand was primarily fueled by Qualified Institutional Buyers (QIBs), who subscribed over 120 times, indicating strong institutional confidence.

The IPO comprised a fresh issuance of shares worth Rs 4,250 crore, alongside an Offer for Sale (OFS) amounting to Rs 1,171 crore by early backers and some founders. This component allowed investors like Elevation Capital and Peak XV Partners to partially monetize their stakes, achieving substantial returns.