The initial public offering (IPO) of social commerce giant Meesho continues to attract significant investor interest as it enters its second day in the Indian primary market. The issue, which opened for subscription on Tuesday, December 3, 2025, has already been subscribed 2.46 times overall, according to data available on the morning of December 4.
Strong Opening Day Performance
By the close of bidding on the first day, the public offer was subscribed 2.35 times in total. A closer look at the category-wise data reveals where the strongest demand originated. The portion reserved for retail investors (RII) was oversubscribed a robust 3.86 times the shares allotted to them. This indicates high confidence among individual investors in the company's future prospects.
The Non-Institutional Investors (NII) category, which includes high-net-worth individuals, saw a subscription of 1.80 times its quota. Meanwhile, Qualified Institutional Buyers (QIBs), comprising foreign institutional investors, domestic financial institutions, and mutual funds, subscribed to 2.12 times their reserved portion.
IPO Details and Fundraising Goals
The Meesho IPO will remain open for investors until December 5, 2025. The company aims to raise a total of ₹5,421.20 crore through this public issue. A significant portion of this, ₹4,250 crore, will be generated through the sale of fresh equity shares. The remaining amount constitutes an offer for sale (OFS) by existing shareholders.
The funds raised through the fresh issue are earmarked for strategic growth initiatives, including strengthening the company's financial position and funding future expansion plans. The strong subscription numbers, particularly from retail investors, reflect a positive market sentiment towards the company's business model and its position in India's competitive e-commerce landscape.
Market Sentiment and What Lies Ahead
The oversubscription on the first day, led by retail investors, is a key indicator of the IPO's reception. Market observers are closely watching the Grey Market Premium (GMP) for cues on potential listing gains, although this is an unofficial measure. The final subscription figures at the close of the three-day bidding window will provide a clearer picture of overall demand.
As the IPO proceeds into its final day, all eyes will be on whether the momentum sustains, especially in the QIB category, which often sees major activity on the last day. The successful listing of Meesho is anticipated to be one of the notable market events of the season, highlighting investor appetite for new-age Indian tech companies.
