Meesho, the e-commerce platform preparing for its IPO, has received an overwhelming response from investors, with its anchor book oversubscribed more than 32 times. The anchor tranche, worth Rs 2,439 crore ($292 million), drew bids totaling nearly Rs 80,000 crore, showing strong confidence in the company from both domestic and global investors.
Leading the bids were SBI Mutual Fund, India’s largest mutual fund, Tiger Global, and BlackRock. Other prominent global investors participating in the anchor round included GIC, ADIA, Fidelity International, Fidelity Management & Research, Baillie Gifford, Wellington, and Goldman Sachs Asset Management. WCM Investment Management, a well-known global growth fund, also joined the anchor book, indicating strong international interest.
On the domestic side, Birla Mutual Fund, Axis Mutual Fund, Mirae Asset Mutual Fund, and Franklin Templeton Mutual Fund showed interest in the IPO. This level of participation highlights Meesho’s growing appeal and investor confidence ahead of its stock market debut.
Meesho will officially open its IPO on December 3, 2025, and close on December 5, 2025. The company has set a price band of Rs 105-111 per share, valuing the business at nearly Rs 50,096 crore at the upper end. The IPO will raise up to Rs 5,421.05 crore, consisting of a fresh issue of Rs 4,250 crore and an offer for sale (OFS) of up to 10.55 crore shares by existing shareholders.
The company has reduced the OFS portion by nearly 40 percent, bringing it down to Rs 1,172 crore from the earlier planned Rs 1,950 crore. The fresh issue component remains the same, indicating Meesho’s focus on raising new capital for business growth rather than providing a large exit to existing shareholders.
Investors can bid for a minimum of 135 shares. As per standard norms, at least 75 percent of the IPO is reserved for qualified institutional buyers (QIBs), up to 15 percent for non-institutional investors (NIIs), and up to 10 percent for retail investors.
The strong anchor book subscription reflects high investor confidence in Meesho’s business model, growth potential, and position in India’s e-commerce sector. With this robust response, the company is set for a closely watched market debut.
