Team StartupCity

• Anchor book sees 32X demand at Rs 111 per share
• Rs 2,439 crore raised from global and domestic investors
• IPO opens Dec 3, fresh issue & major OFS planned

Meesho has locked in Rs 2,439 crore from anchor investors at the upper price band of Rs 111 per share, just days before its IPO opens. The anchor book drew bids worth almost Rs 80,000 crore, showing a massive 32X oversubscription and strong confidence from major global and Indian funds.

According to its stock exchange filing, the e-commerce startup allotted 21.97 crore shares to anchor investors. Of this, 43.6% went to 14 domestic mutual funds, spread across 52 schemes, bringing in Rs 867 crore.

The anchor lineup includes a mix of well-known names such as SBI Mutual Fund, Tiger Global, BlackRock, ADIA, and several long-only global funds. Others like GIC, Fidelity International, Baillie Gifford, Wellington, and Goldman Sachs Asset Management also participated, highlighting Meesho’s growing appeal as a profitable, asset-light alternative in India’s competitive e-commerce space.

Meesho will open its IPO for subscription on December 3 and close it on December 5. The offer includes a fresh issue of Rs 4,250 crore and an Offer for Sale (OFS) of 10.55 crore shares from early investors and some founders. Backers such as Elevation Capital, Peak XV Partners, and Venture Highway will partially exit through the OFS.

Also Read: Fireside Ventures Raises $253 Million to Back Next-Gen Consumer Brands

The Bengaluru-based company reported Rs 9,390 crore in revenue in FY25, with losses of Rs 108 crore before exceptional items and tax. In the first half of FY26, Meesho posted Rs 5,577 crore in revenue, signaling steady growth as it prepares to list.