Final hours! Heavy NII, retail bidding boosts Meesho IPO; GMP holds steady

Meesho IPO Day 3: Check latest subscription status, grey market premium (GMP), allotment date, listing date, and other key details here

Meesho IPO GMP,  Meesho IPO Subscriptio status  The grey market trend continues to remain firm as the initial public offering (IPO) of the e-commerce platform entered its third day of subscription on Friday, December 5. The company has so far garnered a solid response from investors for its ₹5,421.20-crore issue, which was oversubscribed 11.73 times as of 11:10 AM, showed the NSE data.

 

Among individual investor categories, Non-institutional investors (NIIs) led the demand, oversubscribing their quota by 18.57 times, followed closely by retail investors, who oversubscribed their portion by 11.42 times. Qualified institutional buyers (QIBs) showed relatively moderate interest but still oversubscribed their category by 8.22 times.

 

Meanwhile, sources tracking unofficial market activity indicated that the unlisted shares of Meesho were changing hands at ₹160.5 apiece. This translates into a grey-market premium (GMP) of ₹49.5, or 44.59 per cent, over the upper end of the issue price band of ₹111 per share.

 

Adding to the favourable sentiment, brokerages have broadly recommended subscribing to the IPO from a long-term perspective, citing Meesho’s strong outlook heading into FY26, supported by scaled flywheels, AI-led efficiencies through Meesho AI Labs, and emerging growth levers such as content commerce, Meesho Mall and financial-services pilots. READ MORE

Meesho IPO details

The Meesho IPO comprises a fresh issue of 332.9 million shares worth ₹4,250 crore, and an offer for sale (OFS) of up to 105.5 million equity shares valued at ₹1,771.20 crore by promoters and existing shareholders. The public issue is priced in the range of ₹105–₹111 per share, with a lot size of 135 shares. Investors can bid for a minimum of 135 shares and in multiples thereof. 

 

A retail investor would require ₹14,985 to apply for one lot (135 shares). For the maximum permissible 13 lots (1,755 shares), the investment would be ₹1,94,805 at the upper price band.

 

With the three-day subscription window closing today, the basis of allotment is expected to be finalised on Monday, December 8.

 

Successful allottees can expect the shares to be credited to their demat accounts by Tuesday, December 9.

 

Meesho shares are scheduled to list on the stock exchanges on Wednesday, December 10.

 

The company will not receive any proceeds from the OFS, as the funds will go to the promoters and shareholders divesting their stakes. The proceeds from the fresh issue, Meesho said, will be utilised for investments in cloud infrastructure, funding its subsidiary MTPL, and paying salaries of existing and replacement hires in the Machine Learning and AI teams. The funds will also support AI and technology development at MTPL, marketing and brand initiatives, inorganic growth through acquisitions, and other strategic initiatives and general corporate purposes.