Meesho IPO GMP Stays Strong Amid Heavy Investor Demand, Issue Subscribed Over 47x So Far On Final Day

The initial public offering (IPO) of e-commerce firm, Meesho, entered its final day of subscription on December 5. The public issue had opened for bidding on December 3.

The Rs 5,421.20-crore public issue is receiving robust demand from investors across categories. Meanwhile, the grey market premium (GMP) of its shares in the unlisted market has held steady, hinting at a strong double digit listing pop.

Meesho describes itself as a multi-sided technology platform that brings together consumers, sellers, logistics partners and content creators together. The company runs its marketplace under the Meesho brand.

Here’s a look at Meesho IPO’s latest subscription status, and GMP trend.

Meesho IPO Subscription Status

Meesho IPO has, as of 3:00 PM, been subscribed 47 times. The qualified institutional buyer (QIB) category booked the issue 62.95 times, the non-institutional investors (NIIs) 36.64 times, and retail investors 17.03 times.

Meesho IPO Details

The Rs 5,421.20-crore Meesho IPO includes 382.88 million fresh equity shares worth Rs 4,250 crore, and 105.51 million offer for sale (OFS) shares aggregating to Rs 1,171.20 crore.

The e-commerce firm is offering its equities with a price band of Rs 105-111 per share in lot sizes of 135 shares. Retail investors are required to invest a minimum amount of Rs 14,985 to apply for the IPO.

After the closure of the subscription window at 5:00 PM today, the basis of share allotment is expected to be finalised on December 8, and shares are scheduled to be listed tentatively on both the NSE and BSE on December 10.

Kotak Mahindra Capital, JP Morgan India, Morgan Stanley India, Axis Capital, and Citigroup Global Markets are the book-running lead managers, and KFin Technologies is the registrar to the issue.

Meesho IPO Objectives

Meesho plans to use the net proceeds primarily to strengthen its technology and marketing capabilities through its subsidiary, Meesho Technologies. This includes Rs 1,390 crore for cloud infrastructure, Rs 480 crore towards salaries for machine learning, artificial intelligence (AI) and tech teams, and Rs 1,020 crore for marketing and brand-building initiatives. A portion of the funds will also be set aside for acquisitions, strategic investments and general corporate purposes.

Meesho IPO GMP, Expected Listing Gain

Meesho IPO’s GMP, as of December 5, 2025, stood at Rs 49.25 over the issue price, according to Investorgain. Given the current GMP and the upper end of the issue price, Rs 111, Meesho IPO’s expected listing gain comes at 44.37 per cent.