Meesho IPO Subscription Climbs 796% on Day 2: Check IPO GMP Today, Allotment Date & Listing Details

The Meesho IPO saw outstanding investor interest on the second day of bidding, with subscriptions soaring to 7.96 times (796%) by market close on December 4th. This makes Meesho one of the most heavily subscribed IPOs of the year.

Meesho IPO Subscription Numbers on Day 2

As of 4:04 PM on December 4, the Meesho IPO recorded exceptionally strong participation from all segments. The overall subscription stood at 7.96 times, with the retail portion subscribed 9.20 times, QIBs 7.14 times, and the NII/HNI category 8.76 times.

Meesho IPO GMP Today & Expected Listing Gains

The Meesho IPO GMP (Grey Market Premium) stood at Rs 44.5 as of 2:56 PM on December 4, 2025, as per data from the InvestorGain website. The IPO is expected to list around Rs. 155.5, with estimated listing gains of nearly 40.09% on the upper price band of Rs. 111.

Meesho Issue Size, Offer Structure & Important Dates

The Rs. 5,421.20 crore Meesho IPO is a book-built issue which consists of both a fresh issue of Rs. 4,250 crore (38.29 crore shares) and an OFS of Rs. 1,171.20 crore (10.55 crore shares). The price band has been fixed between Rs. 105 and Rs. 111 per share.

The bidding window opened on December 3 and will close on December 5. Those who applied for the Meesho IPO will receive their shares on the allotment date, which is set for December 8, while the stock is expected to list on BSE and NSE on December 10.

Analyst View: Should You Apply for the Meesho IPO?

Brokerage firm ICICI Direct has recommended a SUBSCRIBE rating on the Meesho IPO. The firm highlights Meesho's zero-commission marketplace model, which appeals strongly to value-driven customers in Tier 2 and Tier 3 cities. The company has delivered consistent free cash flow, strong revenue growth and rising customer acquisition over the past two years. At 5x FY25 revenue, analysts believe Meesho's valuation remains attractive compared to its competitors.

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