Overview
- Subscriptions reached 2.35 times overall on Day 1, including 2.12x for QIBs, 3.86x for retail and 1.80x for NIIs, according to BSE data.
- Grey‑market premium hovered around Rs 43 on Dec. 4, indicating an expected 35–40% listing premium over the Rs 111 cap price, per tracker estimates.
- Meesho raised about Rs 2,439–2,440 crore from anchor investors, allocating shares to BlackRock, Fidelity, GIC, Abu Dhabi Investment Authority, Goldman Sachs, Morgan Stanley and leading domestic MFs including SBI MF.
- The Rs 5,421.20‑crore offer includes a Rs 4,250‑crore fresh issue and a Rs 1,171.20‑crore OFS at a price band of Rs 105–111; bidding runs Dec. 3–5, allotment is due Dec. 8 and listing is slated for Dec. 10 on BSE and NSE.
- Proceeds are earmarked for cloud infrastructure (Rs 1,390 crore), ML/AI and tech salaries (Rs 480 crore), and marketing (Rs 1,020 crore), as the zero‑commission marketplace targets growth despite FY25 loss of Rs 3,941.71 crore and H1 FY26 loss of Rs 700.72 crore.