Meesho IPO Allotment: Check Your Status Now!

Individuals who subscribed to the Meesho IPO can soon check their allotment status, as the basis for allocation is scheduled for finalization. The public issue witnessed considerable demand from both retail and institutional investors, reflecting strong confidence in Meesho's unique value-driven e-commerce approach and its significant reach in smaller Indian cities. The IPO was oversubscribed multiple times, signaling robust investor interest across various segments.

The company's offering comprised both fresh issuance and a sale of shares by existing stakeholders. Proceeds from the fresh issue are earmarked for expanding logistics, enhancing technology, and customer acquisition, while the offer for sale facilitated an exit for current shareholders. Despite a slight moderation over the weekend, the grey market premium for Meesho remains positive, suggesting a cautiously optimistic listing outlook.

Once the allotment is confirmed, investors can verify their status via KFin Technologies, the registrar, or through the Bombay and National Stock Exchanges. Successful allottees will see shares credited to their demat accounts before the company's expected listing later this week. This development follows Meesho's growth into a major online marketplace competing with established players through its extensive supplier base and logistics network.