Meesho IPO Subscribed 2.45x: Check Live GMP & Allotment Chances
The much-awaited IPO of e-commerce platform Meesho is open for subscription today, December 3, 2025, and it received a strong response from investors on Day 1. The large ₹5,421.20 crore issue was fully subscribed on the very first day, with total bids reaching 2.45 times the shares available.
The IPO will remain open until Friday, December 5. Many investors are watching the subscription numbers and the Grey Market Premium (GMP) to decide their next steps. Here is a simple breakdown of the Day 1 performance and what it could mean for allotment chances.
Meesho IPO Key Details
This is a book-built IPO, which includes both a Fresh Issue and an Offer for Sale (OFS) by investors like SoftBank.
- Price Band: ₹105 to ₹111 per share.
- Total Issue Size: ₹5,421.20 crore.
- Lot Size: 135 shares (Minimum investment: ₹14,985 at the upper price band).
- Listing: BSE and NSE.
Meesho IPO Day 1 Subscription Status (Total: 2.45x)
Retail investors showed the most interest on Day 1, indicating high competition for allotment.
Category-wise Demand (As of 6:30 PM, December 3)
| Investor Category | Subscription Status | Quota Reserved |
|---|---|---|
| Retail Individual Investors (RII) | 4.12 times | 10% |
| Qualified Institutional Buyers (QIB) | 2.18 times | 75% |
| Non-Institutional Investors (NII) | 1.89 times | 15% |
| Total Overall Subscription | 2.45 times | 100% |
Since the retail portion is subscribed more than four times, allotment for retail investors will happen through a lottery. Applying at the cut-off price (₹111) gives the best chance of getting shares.
Meesho IPO Estimated Listing Gain: Live GMP
The Grey Market Premium (GMP) continues to stay strong, reflecting high excitement around the listing. GMP represents the unofficial premium at which IPO shares are traded before listing.
- Latest GMP: Around ₹47 to ₹49 per share.
- Estimated Listing Price: ₹111 + ₹49 ≈ ₹160
- Possible Listing Gain: Around 44%
This GMP trend supports the positive outlook given by most analysts.
Why Analysts Recommend 'Subscribe' for Long-Term
Even though Meesho is currently loss-making, analysts still suggest subscribing because of the company’s strong market position and future potential.
- Strong Position in Value E-commerce: Meesho is a leader in India’s value-focused online shopping segment, especially in Tier-2 and Tier-3 cities. Over 85% of orders come from smaller towns.
- Positive Free Cash Flow: Meesho has been FCF positive for the last two years. This shows the business is generating real cash, even if accounting losses appear due to things like ESOP expenses.
- Attractive Valuation: The IPO’s valuation implies a Price-to-Sales (P/S) ratio of ~5.3x, which is considered reasonable for a fast-growing tech company.
- Use of Funds: The company plans to invest in Cloud Infrastructure (₹1,390 crore) and hiring AI/ML talent (₹480 crore), showing a clear focus on technology and long-term growth.
Meesho IPO Timeline
Here are the important dates for applicants:
- IPO Closes: Friday, December 5, 2025 (5 PM).
- Allotment: Monday, December 8, 2025.
- Refunds / Demat Credit: Tuesday, December 9.
- Listing Date: Wednesday, December 10, 2025 (BSE & NSE).
Conclusion
The Meesho IPO is turning out to be one of the strongest mainboard issues of the year. With high demand, positive GMP, and strong analyst recommendations, investor interest is clearly high.
Those looking for listing gains or long-term growth may consider applying. Before applying, make sure your financial profile is in good shape. You can check your CIBIL score for free here: