Meesho IPO Live Updates, GMP, Subscription Status:
Meesho’s ₹5,421 crore IPO has entered Day 3 — the final day of bidding (December 5) — with strong demand across investor categories. The issue was fully subscribed within hours on Day 1, and enthusiasm continues to rise as grey market premium (GMP) shows a sharp uptick.
GMP Surges Over 40%
In the latest grey market trends, Meesho shares are trading at a premium of ₹47–₹50, indicating a possible listing price of around ₹158–₹160 — nearly 42–45% above the upper band price.
Note: GMP is unofficial and sentiment-driven.
Where the Meesho IPO Stands Today (8:28x Subscribed So Far)
As of the end of Day 2 (December 4):
Total Subscription: 8.28×
QIBs: 7.15×
NIIs: 9.63×
Retail Investors: 9.65×
Retail participation remains the strongest, with the category oversubscribed nearly 10×.
Meesho IPO – Key Details at a Glance
| Particulars | Details |
|---|---|
| Price Band | ₹105–₹111 per share |
| IPO Dates | December 3–5 |
| Fresh Issue | ₹4,250 crore (38.29 crore shares) |
| OFS | ₹1,171.2 crore (10.55 crore shares) |
| Total Issue Size | ₹5,421.20 crore |
| Minimum Lot | 135 shares (₹14,175–₹14,985) |
| Retail Reservation | 10% |
| QIB Reservation | 75% |
| NII Reservation | 15% |
Allotment & Listing Timeline – What Investors Should Track
Allotment Date: December 8 (Monday)
Share Credit / Refunds: December 9
Listing on NSE & BSE: December 10
Applicants can check their allotment status through the registrar KFin Technologies or stock exchange portals.
Why the IPO Is Drawing Strong Interest
1. Valuation Viewed as Reasonable
Motilal Oswal notes that Meesho is priced at 4.5x Price-to-Sales (annualised Q2 FY26) — lower than typical e-commerce peers (around 7x).
Recommendation: Subscribe, citing Meesho’s affordability-led moat and scale.
2. Strong Growth Model Supported by Logistics Arm (Valmo)
Meesho leverages an integrated logistics ecosystem enabling competitive delivery speed and costs across India.
3. Robust Retail & NII Demand
With both categories oversubscribing early, retail appetite signals high listing-day expectations.
Risks Investors Should Note
Heavy dependence on attracting/retaining sellers and consumers
Competitive pressure from large e-commerce players
Fluctuations in marketing spend and order volumes
Profitability yet to mature at scale
Final-Day Checklist for Investors
GMP remains elevated but may fluctuate through the day
QIB demand will play a decisive role in final subscription
Apply before the 5 PM deadline if participating
Expect high allotment competition due to retail oversubscription.
