Meesho IPO: 8.26x Subscription on Day 2, GMP ₹44.5 & Key Details

Meesho, one of India’s fast-growing e-commerce platforms backed by prominent investors, is launching an initial public offering (IPO) to raise up to ₹5,421.20 crore. The issue opens for subscription on December 3, 2025, and will close on December 5, 2025, with a price band fixed at ₹105 to ₹111 per share. The IPO comprises a fresh share issuance of ₹4,250 crore and an offer-for-sale (OFS) of about ₹1,171.20 crore by existing shareholders. The shares are proposed to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE), with tentative listing scheduled for December 10, 2025, subject to allotment and regulatory approvals.

Meesho,IPO Day 2 Subscription Status

On Day 2, Meesho. IPO witnessed a strong investor turnout, closing with an overall subscription of 8.26 times. The Qualified Institutional Buyers (QIB) category with a robust 7.15 times subscription, indicating solid institutional participation. Among Non-Institutional Investors (NII), the bNII (above ₹10 lakh) portion was subscribed 8.82 times, while the sNII (less than ₹10 lakh) segment saw Robust Leading with 11.20 times subscription, resulting in an overall NII subscription of 9.61 times. The Retail Individual Investors (RII) category was subscribed 9.59 times, reflecting healthy retail interest. Overall, the issue garnered 29,06,810 applications, with total bids amounting to approximately ₹24,633.37 crore, showcasing strong confidence across investor categories in the company’s growth potential.

Investor Category	Subscription (x)
Qualified Institutional Buyers (QIB)	7.15
Non-Institutional Investors (NII)	9.61
bNII (above ₹10 lakh)	8.82
sNII (less than ₹10 lakh)	11.20
Retail Individual Investors (RII)	9.59
Total Subscriptions	8.26

Total Applications: 29,06,810

Total Bid Amount (₹ Crores): 24,633.37

Objective of the Meesho IPO

Meesho plans to utilize the net proceeds from the fresh issue for the following purposes. The proceeds from the Offer for Sale (OFS) will be received by the selling shareholders and not by the company :

Use of IPO Proceeds	Amount (₹ Cr)
Investment in cloud infrastructure (via subsidiary)	1,390
Salaries for AI / ML and technology teams (tech development)	480
Marketing, brand-building and customer acquisition initiatives	1,020
Inorganic growth (acquisitions / strategic initiatives) & general corporate purposes / working capital	1,360

Meesho IPO GMP – Day 2 Update

The grey market premium (GMP) of the Meesho IPO stands at ₹₹44.5 as of December 04, 2025 (Day 2). Considering the upper end of the price band at ₹111 per share, the estimated listing price is around ₹155, reflecting a potential gain of approximately 40.09% per share in the grey market.

Date	GMP	Est. Listing Price	Gain
04-12-2025 (Day 2)	₹44.5	₹155	40.09%

Disclaimer: The above GMP (Grey Market Premium) is just unofficial market information, which is not officially confirmed. These figures are shared for informational purposes only and investment decisions based on these should be based on the investor’s own research and discretion. We do not conduct, recommend or support any kind of transaction in the grey market.

Meesho IPO – Key Details

Particulars	Details
IPO Opening Date	December 03, 2025
IPO Closing Date	December 05, 2025
Issue Price Band	₹105 to ₹111 per share
Total Issue Size	48,83,96,721 shares(aggregating up to ₹5,421.20 Cr)
Listing Platform	BSE, NSE
Registrar	KFin Technologies Ltd.
Groww (Billionbrains Garage Ventures Ltd.) IPO RHP	Meesho

Important Dates for Meesho IPO Allotment

Event	Date
Tentative Allotment	December 08, 2025
Refunds Initiation	December 09, 2025
Credit of Shares to Demat	December 09, 2025
Listing Date	December 10, 2025

Overview Of  Meesho IPO

Meesho is one of India’s fastest-growing e-commerce platforms, designed to make online shopping affordable and accessible while empowering small businesses and home-based entrepreneurs. Operating a zero-commission, asset-light marketplace, it uses advanced AI, analytics, and automation to optimize product discovery, pricing, and logistics. Meesho has built strong penetration across Tier 2 and Tier 3 cities, serving millions of value-seeking consumers and sellers. Its technology-driven model enables low customer acquisition costs, faster deliveries, and scalable operations. As the company continues to expand, it remains focused on sustainable growth, profitability, and strengthening its position in India’s digital commerce ecosystem.