Meesho IPO sees a sharp rise in GMP following strong Day 2 subscriptions

Meesho IPO GMP today is ₹51, according to market observers, which is ₹4 higher than yesterday’s premium of ₹47, indicating improved grey market sentiment.

The Meesho IPO opened on December 3, 2025, and will remain available for subscription until December 5. The company has set a price band of ₹105–111 per share, aiming to raise ₹5,421.20 crore through a mix of fresh issue and an offer for sale. Of this, ₹4,250 crore will come from new shares and ₹1,171.20 crore through the OFS route. Market observers report strong grey market sentiments, with the Meesho IPO GMP climbing to ₹51, up from ₹42 two days ago, driven by robust subscription figures. By 10:51 AM on day 2, the issue was subscribed 2.98 times overall, with retail investors bidding 5.23 times, NIIs at 3.14 times, and QIBs at 2.13 times. Analysts highlight Meesho’s strong revenue growth, rising user base, and competitive cost structure, though profitability remains a concern. Most brokerages have recommended subscribing for a long-term perspective due to its growth potential.