Overview
- Exchange data show total bids of about 2,196 crore shares against 27.79 crore on offer, with QIBs at 120.18x, NIIs at 38.15x, and retail at 19.04x.
- The Rs 5,421.2 crore offering is priced at Rs 105–111 per share, valuing Meesho near Rs 50,000 crore at the top end.
- Unofficial grey market quotes near Rs 48–49 over the issue price signal expectations of a roughly 40–45% debut gain, which remains a speculative indicator.
- The company raised about Rs 2,439.5 crore from anchor investors earlier in the week, and the issue is managed by Kotak, JPMorgan, Morgan Stanley, Axis Capital and Citigroup with KFin as registrar.
- Proceeds are earmarked for cloud infrastructure (Rs 1,390 crore), technology hiring costs (Rs 480 crore) and marketing (Rs 1,020 crore), as filings show FY25 revenue around Rs 9.4–9.9k crore and a loss after tax of about Rs 3.94k crore.