Liquidity Events
Social commerce platform Meesho's Rs.5,421-Cr IPO oversubscribed 79x
Bengaluru-based Meesho's initial public offering (IPO) was subscribed 79 times. Qualified institutional bidders (QIBs) subscribed over 120 times, and retail investors, 19 times. The IPO comprised a fresh issue of shares worth INR 4,250 crore and an OFS of 10.55 crore shares worth INR 1,171 crore by early backers and founders. Investors such as Elevation Capital, Peak XV Partners, Y Combinator, Venture Highway and others will partially exit through the OFS.Prior to the IPO, Meesho raised INR 2,439 crore in a pre-IPO anchor allotment from SBI Mutual Fund, Singapore’s sovereign wealth fund GIC, asset managers BlackRock and Fidelity, hedge fund Tiger Global and others. Domestic mutual funds were allocated INR 1,040 crore worth of shares from the anchor book.The IPO is set to value the company at INR 51,535 crore, post-money. The price band of the issue is fixed at INR 105-111 per share.
Between Oct 2017 and Jan 2025, Meesho had attracted about USD 1.7 B from Mars Growth Capital, Peak XV Partners, Think Investments, Tiger Global, WestBridge, B Capital Group, CapitalG, Fidelity India, Footpath Ventures, Good Capital, Prosus Ventures, SoftBank Corp, Symphony International Holdings, Trifecta Capital and others.
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