Indian e-commerce platform Meesho saw heavy demand in its market debut, receiving bids totaling 2.5 trillion rupees (about $28 billion) for its $604 million IPO. Institutional investors accounted for the majority of the interest, subscribing to their allocation more than 120 times over, while retail and non-institutional investors also submitted high volumes of bids. Including anchor commitments, the offering ranks among the most subscribed in India’s recent listings, during a year marked by a large number of public debuts from technology-focused companies.
Meesho’s filing shows revenue rising 29.4% to 55.78 billion rupees in the first half of fiscal 2026, along with a 72% reduction in losses. The company is backed by investors such as SoftBank and Peak XV Partners and enters the public markets alongside other newly listed firms like Groww, Lenskart, and PhysicsWallah. Its shares will begin trading on Indian exchanges following an IPO that drew broad participation across investor groups.
