Vidit Aatrey, Chairman, Managing Director and Chief Executive Officer of Meesho Limited, an e-commerce marketplace, attends its IPO announcement press conference, in Mumbai, India, November 28, 2025. REUTERS/Francis Mascarenhas | Photo Credit: FRANCIS MASCARENHAS
Subscription status as of Day 2 is as follows:
- Non-Institutional Investors (NIIs): 9.18x subscribed
- Retail Individual Investors (RIIs): 9.14x subscribed
- Qualified Institutional Buyers (QIBs): 6.96x subscribed
Further updates are available below.
Nonetheless, InCred Equities points out the structural challenges within value e-commerce unit economics, indicating that Meesho may require additional time to refine its supply chain while passing efficiency gains to sellers—potentially delaying profitability. If Meesho can effectively balance margin expansion while accommodating seller interests, aided by scale, improved ad monetization, and cost discipline, it could align itself with successful global counterparts such as Pinduoduo and Shopee.
Despite short-term appeal, the brokerage cautions that long-term hurdles remain, with sustainable EBITDA breakeven still a distant target due to the inherent conflicts among supply chain optimization, seller benefits, ad-driven monetization, and maintaining competitive pricing.
QIBs: 7.43 times
NIIs: 17.43 times
Retail: 11.44 times
- QIBs: 6.96 times
- NIIs: 10.59 times
- Retail: 9.75 times
Total: 8.45 times
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