Meesho, the highly valued Indian e-commerce giant focused on value, hit the IPO market on Wednesday, December 3, 2025, and has garnered major investor attention right from the opening. The issue has seen strong retail investor enthusiasm and a good GMP, thus setting a strong tone for the three-day bidding process.

If you are an investor who is tracking all the latest updates on Meesho IPO GMP subscription status, here is a detailed breakdown of the action on Day 1, the Grey Market Premium trends, and key dates you need to know.

Meesho IPO Subscription Status Day 1 Highlights

Day one of the Meesho IPO saw robust bidding, especially by Retail Individual Investors. The issue was fully subscribed on day one itself, reflecting strong confidence in the company’s growth story in value e-commerce.

The subscription status across different investor categories as of the close of business on Day 1 (December 3, 2025) was as under:

Investor Category Subscription (Times)

Retail Individual Investors (RIIs): 3.85x to 4.01x

Non-Institutional Investors (NIIs): 1.80x to 1.88x

Qualified Institutional Buyers (QIBs): 2.12x

Overall Subscription: 2.35x to 2.45x

Key Takeaway-The Retail portion was oversubscribed almost four times, indicating very high public interest. There was considerable interest from Institutional and High Networth Individual investors on the opening day itself.

Decoding the Meesho IPO GMP

GMP is an unofficial indicator of the premium at which the IPO stock is trading in the unlisted market before its date of official listing. It gives an approximate valuation of probable listing gains.

As of date, December 3, 2025, the Meesho IPO GMP is trading at ₹49 per share.

• Price Band: ₹105 to ₹ 111 per equity share.
• Upper Price Band: ₹111
• Approximate GMP: ₹49
• Estimated Listing Price (Upper Band + GMP): ₹111 + ₹49 = ₹160

It is expected that at the current GMP, listing gain would be around 44.14% over the upper price band.

Investor Note: Although a good GMP is enticing, it is only an indication, not a certainty in the performance at listing. An investor should always look into the company’s fundamentals, financial health, and long-term prospects.

Meesho IPO Key Dates and Details

The public issue is a book built offer of ₹5,421.20 crores comprising a fresh issue of shares amounting to ₹4,250 crores and an Offer for Sale (OFS) of ₹1,171.20 crores. The proceeds from the fresh issue would mainly go toward investments in cloud infrastructure, technology teams (AI and ML), and marketing initiatives.

Investor Category	Subscription (Times)
Retail Individual Investors (RIIs)	3.85x to 4.01x
Non-Institutional Investors (NIIs)	1.80x to 1.88x
Qualified Institutional Buyers (QIBs)	2.12x
Overall Subscription	2.35x to 2.45x

The issue has fixed a lot size of 135 shares, translating to a minimum investment of ₹14,985 at the upper price band for retail investors.

Should You Apply? Expert Outlook

With its zero-commission marketplace model, Meesho has secured a leading position in value e-commerce, considering its deep presence in Tier 2 and Tier 3 cities of India. This strong penetration into the Bharat segment, combined with an asset-light operating model, is considered to be key strengths.

However, the company remains loss making on a net basis, though it has reported positive free cash flow. This positioning makes the IPO an ideal fit for aggressive, long term investors who are willing to bet on the company’s massive growth trajectory and its potential to achieve sustainable profitability in the coming years. The robust initial subscription status and the healthy Meesho IPO GMP indicate that market participants are focusing on the dominant scale of the company and its future potential rather than its current negative earnings.