The grey market premium (GMP) for Meesho is currently hovering around 42%, indicating expectations of a firm listing if overall market conditions remain supportive. The stock is scheduled to list on Wednesday, December 10, on both the BSE and NSE.
How to check Meesho IPO allotment
Visit KFin Technologies’ IPO status page: (https://kfintech.com)Select “Meesho Limited” from the dropdown
Enter PAN or application number
Click “Submit” to view allotment status
Via the BSE website (https://www.bseindia.com/investors/appli_check.aspx)
Select Equity and choose Canara HSBC Life Insurance
Enter your application number and PAN
Click Search to view your allotment status
Strong subscription demand
In the background, the Meesho IPO has seen exceptionally high demand. The issue was subscribed 81.76 times overall. The QIB category led with a massive 123.34 times subscription, while NII bids came in at 39.85 times and retail investors subscribed 19.89 times. A total of 62.75 lakh applications were received, indicating heavy participation from small investors.
The IPO is priced at Rs 105–111 per share, with retail applications starting at Rs 14,985 for one lot of 135 shares. The issue includes a fresh issue of Rs 4,250 crore and an offer for sale worth Rs 1,171 crore. Proceeds will primarily fund cloud infrastructure, AI and machine learning hires, marketing, and acquisitions through subsidiary MTPL.
The listing outlook is being closely watched because Meesho is one of the few large tech-led e-commerce IPOs in recent years. The GMP of 42% suggests a positive debut, although actual listing gains will depend on market sentiment and global cues on the listing day.
Company overview
Meesho operates one of India’s largest e-commerce marketplaces, connecting consumers, small sellers, logistics partners and creators. The company categorises its business into marketplace services and new initiatives, including a low-cost local logistics network and digital financial products.
For the year ended March 2025, revenue grew 26% to Rs 9,901 crore, but losses widened sharply to Rs 3,942 crore due to higher investments and operational costs. For the six months to September 2025, losses stood at Rs 701 crore.
The company has no debt and reported over 706,000 annual transacting sellers and 234 million annual transacting users, one of the widest bases in the Indian e-commerce ecosystem. Yet, profitability continues to be the key challenge, and valuations imply a negative P/E even after the issue.
Meesho had already raised Rs 2,439 crore from anchor investors on December 2, allocating nearly 22 crore shares to long-only global and domestic funds.
With allotment now due, investors will watch closely whether the strong subscription demand and GMP translate into listing gains. The results will be available on the registrar’s website by Monday evening.