Meesho IPO Day 3: ₹5,421 Crore Issue Subscribed 32x – Check Latest GMP

Meesho’s IPO continues to witness overwhelming investor demand, with the ₹5,421 crore issue subscribed nearly 32 times by the afternoon of the final day. Institutional, non-institutional, and retail investors have shown strong interest, signaling high expectations ahead of its December 10 listing.

Meesho IPO Subscription Hits 32x on Final Day

The initial public offering (IPO) of Meesho Ltd., which opened on December 3, 2025, has continued to attract robust investor interest. By 2:30 PM on December 5, the IPO had been subscribed nearly 32 times, according to NSE data.

As of the same time, Meesho received bids for 872.47 crore shares against 27.79 crore shares on offer.

Subscription Breakdown by Investor Category

The subscription data reveals strong demand across all investor categories:

• Institutional investors: Subscribed 35.87 times

• Non-institutional investors: Subscribed 33 times

• Retail investors: Subscribed 17 times

This wide participation reflects high confidence in Meesho’s growth prospects among both domestic and global investors.

IPO Price Band and Grey Market Premium

The IPO has been priced in the band of ₹105 to ₹111 per share. Meanwhile, in the grey market, Meesho shares are trading at a premium of up to 45%, although these unofficial figures are known to be volatile and may not accurately predict the listing performance.

IPO Size and Promoter Holding

The public issue consists of:

• Fresh issue: ₹4,250 crore

• Offer for Sale (OFS) by existing shareholders: ₹1,171.2 crore

“At the upper end of the price band, Meesho's market capitalisation would be close to ₹50,000 crore,” while the promoter holding is expected to fall from 19.08% to 16.76%, indicating a partial dilution as part of the public offering.

Anchor Investor Participation

Ahead of the IPO, anchor investors subscribed to 21.98 crore shares at ₹111 per share, raising a total of ₹2,439.5 crore.

Domestic mutual funds including SBI, Aditya Birla Sun Life, Axis, and HSBC took up 9.37 crore shares, accounting for 43% of the anchor book.

Global investors such as Government of Singapore, Tiger Global, BlackRock, Fidelity, and Morgan Stanley also participated, reflecting strong international interest in Meesho’s growth story.

About Meesho and Business Model

Founded in 2015, Meesho operates a multi-sided technology platform connecting consumers, sellers, logistics partners, and content creators. Its primary revenue segment comes from seller services, which include:

• Order fulfilment

• Advertising

• Analytics and insights

The company’s business model is designed to benefit both sellers and buyers by leveraging technology for seamless transactions and logistics management.

IPO Lead Managers

The book-running lead managers for Meesho IPO are:

• Kotak Capital

• JPMorgan

• Morgan Stanley

• Axis Capital

• Citigroup

Allotment and Listing Details

• Share allotment date: Monday, December 8, 2025

• Listing date: Wednesday, December 10, 2025

Investors are eagerly waiting for the public listing, as the IPO’s oversubscription and grey market premium indicate potential for a strong debut.

Key Takeaways:

• Meesho IPO subscribed 32x on Day 3

• Grey market premium up to 45%

• Market cap at upper band: ~₹50,000 crore

• Promoter holding post-IPO: 16.76%

• Anchor investment: ₹2,439.5 crore

• Listing scheduled: December 10, 2025