Meesho's public offering drew bids worth $3 billion on Day 1, 1.5 times the $2 billion issue size, amid grey market premiums at 15%.
Retail investors claimed 40% allocation, reflecting trust in social commerce models serving 150 million users. This debut could catalyze $4 billion in peer valuations, consolidating a $100 billion sector.
Economic analysis: Oversubscription correlates with 12% revenue growth forecasts, driven by tier-2 penetration. "IPO liquidity eases expansion funding by 25%," noted fintech expert Karan Joshi.
Policy enablers: SEBI's 2025 norms streamline listings, cutting timelines by 30%. Consumer shifts to value deals up 18% transaction volumes.
Risks: Volatility from global rates could trim premiums 10%. This float marks e-tail's maturation.
