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Markets / The Economic Times

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Meesho IPO Day 1 sees strong demand: Retail portion fully booked, GMP at 44%

Meeshos Rs 5,421-crore IPO saw a strong start, with retail investors fully subscribing within the first hour while overall subscription reached 42% by 11:20 AM. The GMP of Rs 49 signals an expected listing near Rs 160. Analysts highlight Meeshos rapid user growth, deep Tier-2/3 penetration, improving unit economics, and positive free cash flow, though profitability challenges persist.

3 Dec 2025 12:37 pm