Meesho opened its Initial Public Offering (IPO) for investors, drawing interest due to its scale, rapid growth, and presence in India’s value-driven online retail market.
Meesho is a Bengaluru-based e-commerce platform that connects millions of small sellers with customers across India. Known for its asset-light operating model and extensive product assortment, Meesho caters heavily to Tier 2 and Tier 3 markets, making it one of India’s most widely used value-commerce platforms.
The Meesho IPO opened on 3rd December 2025 and received good early interest from investors. By 4:00 PM on Day 1, the issue was fully subscribed, mainly driven by retail and non-institutional participation. The IPO will remain open until 5th December 2025, with a price band of ₹105–₹111 per share.
Based on the initial reporting window, the IPO recorded an overall subscription of 1.24× by the end of Day 1. Within this, Retail Investors (RII) subscribed 3.35×, Non-Institutional Investors (NII) subscribed 1.36×, while Qualified Institutional Buyers (QIB) stood at 0.46×
| Investor Category | Subscription Status (As of 4:00 PM on Day 1) |
|---|---|
Qualified Institutional Buyers (QIB) |
0.46x |
Retail Individual Investors (RII) |
1.36x |
Non-Institutional Investors (NII) |
3.35x |
Total |
1.24x |
The Meesho IPO subscription Day 1 saw participation coming in steadily across investor categories. Retail investors accounted for most of the early activity, followed by non-institutional bidders, while QIB interest remained limited at this stage.
The Meesho Ltd. IPO continued to see strong investor participation on its second day of bidding, with demand rising across institutional, retail, and non-institutional categories. By the end of Day 2, the issue reached an overall subscription of 3.15x, showing solid traction ahead of the final day of bidding.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
2.13x |
Retail Individual Investors (RII) |
5.56x |
Non-Institutional Investors (NII) |
3.56x |
Total |
3.15x |
The IPO witnessed notable interest from retail investors, who subscribed over 5.5x, reflecting robust sentiment toward the company’s business model and growth potential. Non-institutional investors and QIBs also showed strong engagement, contributing to a significant uptick in the total bids on Day 2.
The Meesho Ltd IPO witnessed a sharp surge in investor participation on Day 3, driven primarily by strong demand from retail and non-institutional investors. By the close of bidding, the IPO had reached an impressive 13.35x overall subscription, reflecting heightened confidence in the company’s growth prospects and market positioning.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
10.11x |
Retail Individual Investors (RII) |
12.48x |
Non-Institutional Investors (NII) |
20.33x |
Total |
13.35x |
The surge in QIB and NII interest underscores robust institutional support and high bidding momentum among high-net-worth investors. Retail participation also remained exceptionally strong, contributing to the IPO’s significant oversubscription on the final day.
The price band and lot structure keep the IPO accessible for first-time and small retail investors.
Price Band: ₹105 – ₹111 per equity share
Lot Size: 135 shares per application
Minimum Investment (Retail): ₹14,985 (135 shares at ₹111 each)
Maximum Investment (Retail): Up to 13 lots (i.e. 1,755 shares), as per SEBI rules for retail investors. This would amount to approximately ₹1,94,805 at the upper price band
For detailed insights about the company, issue particulars, and the latest updates, visit the Meesho IPO on Bajaj Markets.
The key milestones for the Meesho IPO are provided below (subject to revisions based on official announcements)
| Event | Date | Description |
|---|---|---|
IPO Open Date |
3 December 2025 |
Public subscription begins |
IPO Closing Date |
5 December 2025 |
Subscription window ends |
Basis of Allotment Finalisation |
8 December 2025 |
Registrar finalises allotment |
Refunds Initiation/Shares Credited to Demat |
9 December 2025 |
Funds refunded or shares credited |
Listing Date (Tentative) |
10 December 2025 |
Shares begin trading on BSE / NSE |
These dates are important for you to track the IPO process, check allotment status, and prepare for listing.
You can apply for Meesho’s IPO using either ASBA (net banking) or UPI via your broker/trading account. Here are the steps to apply.
To apply via ASBA, follow the steps below:
Ensure you have a Demat account and a bank account linked to a Self Certified Syndicate Bank (SCSB)
Log in to your net banking portal
Navigate to the IPO / ASBA section
Select Meesho IPO. Enter your bid details (lot size, number of lots) and Demat account information
Confirm your application. The amount gets blocked (not debited) until allotment
If shares are allotted, your account is debited; otherwise, blocked funds are released back
If you prefer applying through a broker or trading app, follow these steps:
Log in to your broker/trading app
Go to the IPO or ‘Bids’ section. Select Meesho IPO
Enter the lot quantity and your UPI ID. Ensure quantity is a multiple of 135 shares
Submit your bid. A mandate request will pop up in your UPI app. Approve it
The application money will be blocked via UPI. It will be debited only if shares are allotted; otherwise, the block is released after the issue closes
Both methods are accepted under current regulations. Using ASBA or UPI ensures minimal paperwork and a secure application process.
Check other Upcoming IPO’s here: Upcoming IPO
The information provided above is based on publicly available data from reliable financial news and market sources. Investors are advised to verify figures and consult financial experts before making investment decisions. Market conditions and subscription numbers are subject to change during the IPO window.
Sources
LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo
Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo
Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/
NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos
Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner