Meesho IPO: 10 key points to consider before ₹5,421 crore offer opening

Meesho IPO: The initial public offering of e-commerce platform Meesho will open for subscription on Wednesday, December 3. The issue will end on December 5. The bidding for anchor investors will take place on December 2.

As the IPO is just around the corner, here are key things to know.

Meesho IPO: 10 key points to know

• Meesho subscription period: The initial public offering will be open from Wednesday, December 3, to Friday, December 5.
• Anchor round: Bidding for anchor investors will take place on December 2.
• IPO offer structure: The ₹5,421.20 crore IPO consists of a fresh issuance of shares valued at ₹4,250 crore and an offer for sale (OFS) of 10.55 crore shares aggregating to ₹1,171.20 crore.
• Objectives: Under the OFS, Peak XV Partners Investments V, Elevation Capital V, Venture Highway Series 1, a series of Venture Highway SPVs LLC, Man Hay Tam, Sanjeev Kumar, Vidit Aatrey, Y Combinator Continuity Holdings I LLC, Gemini Investments LP, Golden Summit and Sarin Family India LLC will divest their stake. The fresh issue proceeds will be utilised for investment in cloud infrastructure of its subsidiary Meesho Technologies Pvt Ltd (MTPL), payment of salaries for ML and AI teams of MTPL, marketing and brand initiatives of MTPL, inorganic growth via acquisitions and general corporate purposes.
• Meesho IPO price band: The price range has been fixed at ₹105 to ₹111 per share.
• Reservation: The company has set aside 75% of the net offer for qualified institutional buyers, 15% for non-institutional investors (NIIs) and 10% for retail investors.
• Meesho IPO lot size: Retail investors can apply for at least 135 shares and in multiples thereof.
• Book-running lead managers: Kotak Mahindra Capital, JP Morgan India, Morgan Stanley India, Citigroup Global Markets India and Axis Capital are the IPO's book-running lead managers. KFin Technologies Ltd is the registrar.
• Meesho IPO allotment date: The allotment is likely to be finalised on December 8.
• Listing date: The listing on the BSE and the NSE will take place on December 10.

Meesho IPO GMP