Meesho's Rs 5,421 crore IPO lists 74% above issue price, mints founder a billionaire
Meesho's IPO was subscribed 2.35x on Day 1 and debuted 74% above the issue price, elevating founder Vidit Aatrey to billionaire status. Q4 revenue climbed 47% even as losses widened, with the marketplace leaning on an AI-driven growth push while remaining unprofitable.
Meesho's Rs 5,421 crore IPO was subscribed 2.35x on Day 1 and listed 74% above issue price, minting founder Vidit Aatrey a billionaire. Q4 revenue rose 47% though losses widened; company remains unprofitable amid AI-driven growth push.