Home / Business and Economy / Meesho IPO: Shares to list Dec 10th amid high demand
Meesho IPO: Shares to list Dec 10th amid high demand
9 Dec
Summary
- Meesho IPO allotment status expected on December 7.
- Grey market premium suggests a 38% listing gain.
- The IPO is anticipated to list on December 10.
Meesho's Initial Public Offering (IPO) is nearing its listing date, with allotment status expected to be announced on December 7. Investors eagerly awaiting confirmation can check their application status through BSE, NSE, and the registrar Kfin Technologies. The grey market premium (GMP) currently suggests a robust listing, with an estimated 38% gain over the issue price.
The IPO, which opened for subscription from December 3rd to December 5th, garnered significant investor interest, recording an oversubscription of 79.03 times. The issue size stood at Rs 5,421.20 crore, with a price band of Rs 105 to Rs 111 per share. Strong demand was observed across all investor categories, particularly from Qualified Institutional Buyers (QIBs), who oversubscribed their portion by 120.18 times.
The company is projected to credit shares to eligible investors' demat accounts by December 9, with refunds initiated on the same day. The tentative listing date is set for December 10, with shares expected to trade at Rs 111 per share. Analysts view Meesho positively, citing its rapid scaling, value focus, and strong network effects as key differentiators.
