Meesho IPO, Day 2: Thinking about jumping into the Meesho IPO? You’re not alone. The e-commerce disruptor, famous for its zero-commission model, opened its IPO on December 3 and is keeping the window open till December 5, 2025. Priced between ₹105 and ₹111, the issue size stands at a hefty ₹5,421.20 crore, featuring a fresh issue of ₹4,250 crore and an OFS worth ₹1,171.20 crore.
Are You Planning To Apply? You’ll soon see Meesho debut on both the BSE and NSE. With buzz building and demand picking up, investors are wondering: Is Meesho the next big tech-market story?
Meesho IPO GMP Today – Key Highlights
- Grey market premium (GMP) today stands at ₹51
- Yesterday’s GMP: ₹47
- Two days ago: ₹42
- GMP has been rising steadily over the last two days
- Surge attributed to strong Day-1 subscription
- IPO was subscribed 2.35 times on Day 1, lifting grey market sentiment
Meesho IPO: Day 1 – Subscription & Key Details
| Category | Details |
|---|---|
| Total Subscription (Day 1) | 2.35 times |
| Retail Subscription | 3.86 times |
| NII (HNI) Subscription | 1.80 times |
| QIB Subscription | 2.12 times |
| IPO Open Date | 3 December 2025 |
| IPO Close Date | 5 December 2025 |
| Price Band | ₹105 – ₹111 |
| Likely Allotment Date (Normal) | 6 December 2025 |
| Likely Allotment Date (If Delayed) | 8 December 2025 |
| Lot Size | 135 shares per lot |
| Time Left to Apply | Two more days |
Meesho IPO Review: What Analysts Really Think
In case you are uncertain about Meesho’s place in your long-term portfolio, Rajan Shinde from Mehta Equities provides a straightforward reply: yes , but only if you are a patient and risk-seeking investor. He has given the IPO a ‘Subscribe (Long-Term)’ rating, and the following are the reasons for the same.
It is difficult not to follow the trajectory of Meesho’s growth. The company’s revenue for FY24 has increased by 32.8%, and it has further increased by 23.3% in FY25, thus confirming that its winning strategy of zero commission and no frills continues to draw in a large number of users. Admittedly, the company is still operating at a loss, but this is mainly because it is constructing its ecosystem , Shinde thinks that the investments will be fruitful.
Meesho aspires to a ₹50,096 crore market capitalization at the upper price band, which is roughly equal to the sales of FY25 multiplied by – 5.3 and the annualised revenue of FY26 by – 4.9. Rajan Shinde looks at this and considers it a fair price for a new tech player.
What is the implication of his analysis?
If you are confident in the rapid rise of e-commerce in India and are willing to hold on to the investment for a long time, you can then take a chance with Meesho.
Meesho IPO: Brokerages’ Overall Verdict
- ICICI Direct: Subscribe
- Marwadi Shares: Subscribe
- SBI Securities: Subscribe
- Master Capital Services: Subscribe
- Swastika Investmart: Subscribe
- Ventura Securities: Subscribe
All these brokerages have assigned a ‘Subscribe’ rating to the Meesho IPO.
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