Institutional demand lifts Meesho’s IPO as bids surge sharply

Meesho’s IPO continued to draw heavy institutional participation, receiving $28 billion worth of bids against its ₹5,421 crore offering. The strong response reflects confidence in the company’s scale-driven revenue model, improving unit economics, and expanding profitability focus. Market observers noted that anchor demand and early subscription trends indicate a potential premium on listing if sentiment remains steady through the final subscription window.