Meesho IPO Retail Fully Subscribed in 1 Hour; Issue at 28%

The Meesho IPO opened to a strong response in the primary market, with the retail portion getting fully subscribed within just one hour of opening for public subscription. The demand was visible across categories as the issue gathered early momentum, driving heightened investor interest and increasing activity in the grey market.

According to the subscription data available at the time of reporting, the overall issue was subscribed 28%, marking a robust start for the SoftBank-backed e-commerce platform.

Retail Investors Lead the Surge: Fully Subscribed in 1 Hour

The biggest highlight of the opening day was the overwhelming response from retail investors.
The retail individual investors (RII) category reached 1.03 times subscription, crossing full subscription in around an hour of the issue opening.

This quick response indicates strong enthusiasm among retail bidders, who often look for high-growth consumer internet companies entering the public markets.

Overall Subscription at 28% So Far

The IPO received bids for 7.89 crore shares against 27.79 crore shares on offer, resulting in a total subscription of 28 percent.

Category-wise subscription (as per data provided):

• Retail (RII): 1.03x subscribed

• Non-Institutional Investors (NII): 34% subscribed

• Overall: 28% subscribed

Institutional categories, which often pick up pace later, are expected to play a significant role in the final tally. But even during early hours, the retail and NII response was strong enough to signal solid interest.

Also Read: Aequs IPO: Turnaround Story or Valuation Bubble Waiting to Burst?

Anchor Investors Infuse ₹2,439 Crore Ahead of the IPO

A day before the issue opened, Meesho secured a major confidence boost through its anchor round.

The company raised ₹2,439 crore from anchor investors, a significant portion of the IPO proceeds.

Among the major anchor participants were:

• SBI Mutual Fund

• Fidelity Funds

• BlackRock

The presence of these large funds contributed to the opening-day sentiment and helped strengthen confidence among other investor classes.

GMP Rises as Subscription Builds Momentum

The article notes that the Grey Market Premium (GMP) has risen, reflecting the robust early subscription trend. GMP movement often mirrors market sentiment and can fluctuate based on real-time subscription data. The rise in GMP indicates strong secondary-market enthusiasm around the issue.

With retail and NII categories showing early traction and anchor funding already locked in, the increasing GMP aligns with the upbeat sentiment around the IPO.

Why the Meesho IPO Is Drawing Attention?

While the article avoids elaborating beyond the facts provided, it highlights the core reasons the public issue is gaining market buzz:

1. Strong Opening Subscription

A fully subscribed retail portion within an hour typically adds to overall confidence and headlines—helping attract fresh bids.

2. Robust Anchor Support

Raising over ₹2,439 crore from reputed global and domestic institutions adds credibility to the company’s offer.

3. Rising GMP

A rising grey market premium helps fuel further curiosity and investor participation, especially among retail bidders.

Official Disclaimer from Moneycontrol

The article includes a clear disclaimer stating:

The views and investment tips expressed by experts on Moneycontrol are their own. Users should verify with certified experts before making investment decisions.

This reminds readers that market sentiments, including IPO enthusiasm, should be evaluated with due diligence.

Summary of Key Highlights

To help readers grasp the crucial points quickly:

• Retail category fully subscribed within an hour.

• Overall subscription is at 28% so far.

• NII portion subscribed 34%.

• Total bids: 7.89 crore shares vs 27.79 crore shares.

• Anchor investment raised: ₹2,439 crore.

• Major anchors: SBI MF, Fidelity, BlackRock.

• GMP is rising as the issue gains traction.

This combination of early subscription strength, major institutional backing, and rising grey market buzz positions the Meesho IPO as one of the more closely watched issues of the week.

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