Overview
- Basis of allotment was completed on December 8, with demat credits and refunds slated for December 9 and the BSE/NSE listing scheduled for December 10.
- Subscription reached 79.03 times overall, led by QIBs at 120.18 times, with NIIs at 38.16 times and retail investors around 19 times.
- Grey market premium hovered near Rs 39–43 through December 8–9, implying an estimated Rs 150–154 listing versus the Rs 111 cap, though GMP is unregulated and can change.
- Meesho raised Rs 5,421.2 crore at a price band of Rs 105–111, combining a Rs 4,250 crore fresh issue and a Rs 1,171.2 crore OFS, with proceeds earmarked for cloud infrastructure, ML/AI hiring costs and marketing.
- Applicants can check allotment status on the BSE and NSE portals and via registrar KFin Technologies’ IPO status page.