Meesho IPO Day 3: Check live subscription status, allotment date and steps

Meesho IPO: The initial public offering of e-commerce platform Meesho will conclude on Friday, December 5. As of day 2, the issue has been subscribed 7.97 times.

The initial share sale got bids for 2,21,60,17,845 shares compared to 27,79,38,446 shares on offer, according to the NSE data.

The non-institutional investor (NII) portion secured 9.18 times subscription, while the category for retail individual investors (RIIs) attracted 9.14 times subscription. The qualified institutional buyers (QIBs) quota received 6.96 times subscription.

The ₹5,421.20 crore IPO, with a price band of ₹105 to ₹111 per share, includes a fresh issue of shares aggregating to ₹4,250 crore and an offer for sale (OFS) of 10.55 crore shares worth ₹1,171.20 crore.

The company intends to use fresh issue proceeds for investment in cloud infrastructure, marketing and brand initiatives, funding inorganic growth through acquisitions and other strategic initiatives and general corporate purposes.

Meesho is a multi-sided technology platform driving e-commerce by connecting four key stakeholders — consumers, sellers, logistics partners, and content creators.

Meesho IPO allotment and listing date

Meesho IPO allotment status is expected to be finalised on Monday, December 8. The listing on the stock exchanges will occur on Wednesday, December 10.

How to check Meesho IPO allotment status on BSE

• Go to BSE's IPO status page: https://bseindia.com/investors/appli_check.aspx.
• Keep the issue type as 'Equity'
• From the ‘Issue Name’ dropdown menu, select ‘Meesho Ltd’
• Identify yourself using PAN details or IPO application number
• Press the ‘Search’ button

Steps to check Meesho IPO allotment status on NSE

• Visit NSE’s allotment status page: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Click on ‘Equity & SME IPO bid details’
• From the 'Select Symbol' list choose 'MEESHO'
• Enter your PAN and application number
• Hit the 'Submit' button

Meesho IPO allotment status on KFin Technologies; full steps

• Visit the official website of registrar: https://ipostatus.kfintech.com/
• From the IPO names, choose ‘Meesho Ltd’
• Identify yourself using IPO application number, PAN or Demat account number
• Click on ‘Submit’

Meesho IPO GMP

According to media reports and investorgain.com, unlisted shares of Meesho are trading at ₹160.5, reflecting a grey market premium of 44.59% over the upper price band of ₹111.