Meesho IPO Allotment and GMP Update

Introduction

The Initial Public Offering (IPO) of e-commerce platform Meesho generated exceptional enthusiasm among investors, reflecting strong market confidence in the rapidly growing online retail giant. The book-built issue, which included a fresh issue and an Offer for Sale (OFS), closed with an impressive overall subscription of 79 times.

IPO Structure and Key Details

Issue Composition

Meesho’s IPO combined two components:

• A fresh issue of approximately 38.29 crore shares, aimed at raising ₹4,250 crore.
• An Offer for Sale (OFS) comprising 10.55 crore shares, bringing the total issue size to ₹5,421.20 crore.

Price Band and Subscription Window

The company set a price band of ₹105 to ₹111 per share. The subscription window opened on Wednesday, December 3, and concluded on Friday, December 5, attracting substantial investor participation across all segments.

Allotment and Listing Timeline

Meesho’s IPO allotment is scheduled to be finalised on Monday, December 8, with successful bidders expected to receive shares in their demat accounts by Tuesday, December 9. The much-anticipated market debut on the BSE and NSE is slated for Wednesday, December 10.

Grey Market Premium (GMP) Update

Strong Premium Signals Positive Listing

According to market observers, Meesho shares continue to command a notable premium in the grey market. On the morning of December 8, the GMP stood at ₹42. Based on the upper issue price of ₹111, analysts expect the stock to list around ₹153, indicating a potential 38% premium over the issue price.

Detailed Subscription Breakdown

Overall Subscription

The IPO received bids for 21,96,67,00,770 shares against 27,79,38,446 shares on offer, resulting in an overall subscription of 79.03 times.

Category-Wise Subscription

• Qualified Institutional Buyers (QIBs):
  Booked 120.18 times with bids touching 18,07,17,42,600 shares against 15,03,69,511 shares available.
• Non-Institutional Investors (NIIs):
  Subscribed 38.16 times, placing bids for 2,92,11,08,400 shares versus 7,65,41,361 offered.
• Retail Investors:
  Oversubscribed 19.08 times, receiving 97,38,49,770 bids against 5,10,27,574 allotted shares.

How to Check Meesho IPO Allotment Status

Investors can verify their allotment status online through the registrar’s website or the official platforms of BSE and NSE. The IPO registrar for Meesho is KFin Technologies Limited.

Checking Allotment Status on the Registrar’s Website

1. Visit the registrar’s portal using the direct provided link.
2. Choose ‘Meesho IPO’ from the dropdown menu.
3. Select an identification method — Application Number, Demat Account, or PAN — and enter the details.
4. Click ‘Submit’ to view your allotment status on your device.

Checking Allotment Status on BSE

1. Visit the BSE IPO allotment page.
2. Select ‘Equity’ under issue type.
3. Choose ‘Meesho IPO’ from the list.
4. Enter your Application Number or PAN.
5. Verify via ‘I’m not a robot’.
6. Click ‘Search’ to view your status.

Checking Allotment Status on NSE

1. Open the official NSE IPO status page.
2. Select ‘Equity & SME IPO Bid Details’.
3. Choose ‘Meesho’ from the symbol dropdown.
4. Enter your PAN and Application Number.
5. Click ‘Submit’ to check whether shares were allotted to you.

About the Author

Sorit Chaudhary

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