Day 3 of the much awaited Meesho IPO has seen a spike in investor interest. The high increase in the Grey Market Premium (GMP) is a sign of growing confidence among institutional and retail investors. The company’s quick expansion, excellent profitability indicators, and leading position in India’s value-commerce sector are all contributing factors to the IPO’s strong traction despite overall market turbulence.

One major question that investors are currently considering is whether or not to apply.

Related: Education Startup Newron Raises Rs 40 Crore In Funding

Day 3 of the Meesho IPO saw a noticeable increase in GMP, which was indicative of more demand in the unlisted market.
GMP frequently reflects retail expectations regarding listing gains, despite the fact that it is not an official indication.

The GMP increase, according to analysts, is driven by:

• Strong revenue growth in Q4
• Meesho’s transition to profitability
• Gaining market share in India’s Tier-2 and Tier-3

The IPO has seen remarkable subscription levels by the third day in all categories:

• Investors in retail: Oversubscribed
• QIBs (Organizational): High demand
• Non-Institutional Investors: Due to their comfort with value, they are very popular.

Investors may see Meesho as a long-term winner in digital commerce, particularly in India’s price-sensitive marketplaces, based on the positive subscription trend.

For investors looking for long-term growth, the majority of market analysts recommend a “Subscribe” rating.
Among the reasons mentioned are:

• Solid business principles
• Increasing revenue
• India’s top spot in terms of value -market for e-commerce
• Big Total Addressable Market (TAM)

But investors looking for quick listing gains should be aware that GMP can continue to fluctuate.

Day 3 results for the Meesho IPO demonstrate strong investor confidence, an increasing GMP, and high subscriber numbers. Experts generally see this IPO as a solid long-term investment opportunity because of the company’s robust business strategy, scalable operations, and obvious route to profitability.