Meesho IPO: GMP cools off to 29% but listing gains still expected to remain strong

Meesho’s grey market premium (GMP) dipped slightly to 29%, yet the IPO is still expected to deliver strong listing-day gains. The Rs 5,421 crore issue was oversubscribed 81.76 times, with robust participation from QIBs, NIIs, and retail investors, highlighting confidence in Meesho’s zero-commission, asset-light e-commerce platform.