Meesho IPO Set for December 10 Listing: Latest GMP Trends Explained

SoftBank-backed e-commerce platform Meesho is gearing up for its much-anticipated listing on the BSE and NSE on Wednesday, December 10, 2025. Market sentiment appears optimistic, with early grey market indicators hinting at a healthy debut for the Bengaluru-based company.

According to the latest trends, “Meesho’s unlisted shares were quoted near ₹150 per share in the grey market, reflecting a premium of ₹39 or 35.14 per cent over the issue price of ₹111,” as per sources tracking grey market activity. Should this momentum continue, analysts expect the stock to list close to ₹150, potentially offering listing gains of around 35% to successful bidders.

However, experts also advise investors to remain cautious as “the grey market functions outside regulatory supervision and its premium may not accurately predict the actual listing price.”

Strong Subscription Reflects Robust Investor Interest

Meesho’s IPO witnessed substantial demand across investor categories, highlighting the company’s strong fundamentals and growth narrative. The public issue raised ₹5,421.2 crore, consisting of a fresh issuance of 382.9 million shares along with an offer for sale (OFS) of 105.5 million shares.

Subscription Breakdown

The overall response was overwhelming, with the issue subscribed 79.03 times. Total bids touched 21.96 billion shares, significantly higher than the 277.93 million shares available for subscription.

Segment-wise subscription

• Qualified Institutional Buyers (QIBs):
  The QIB portion led the rally, recording a massive 120.18 times subscription.

• Non-Institutional Investors (NIIs):
  The NII category also showed strong enthusiasm, being subscribed 38.16 times.

• Retail Individual Investors (RIIs):
  Retail participation remained vibrant, with this segment subscribed 19.08 times, according to NSE data.

The allotment was finalised on Monday, December 8, 2025, and investors are now closely watching the listing day performance.

Meesho IPO Highlights

Meesho’s public issue was open for subscription from December 3 to December 5, 2025, and offered shares at a price band of ₹105–₹111 with a lot size of 135 shares.

Offer Structure

The Meesho IPO included:

• Fresh Issue:
  “382.9 million shares aggregating to ₹4,250 crore”

• Offer for Sale (OFS):
  “105.5 million shares aggregating to ₹1,171.2 crore”

Lead Managers and Registrar

The company appointed Kfin Technologies as the registrar for the IPO.
The book-running lead managers included:

• Kotak Mahindra Capital Company

• JP Morgan India

• Morgan Stanley India Company

• Citigroup Global Markets India

• Axis Capital

Meesho’s Future Plans for IPO Proceeds

According to the information disclosed in the Red Herring Prospectus (RHP), Meesho will channel its fresh capital into technological advancement and scaling initiatives.

Allocation of Funds

The company aims to deploy:

• ₹1,390 crore to enhance cloud infrastructure at its subsidiary MTPL

• ₹480 crore toward salaries for current and future AI, Machine Learning, and tech talent

• ₹1,020 crore for marketing and brand enhancement activities at MTPL

The remaining amount from the fresh issue will support inorganic expansion, strategic growth projects, and general corporate purposes.