The decision regarding the allotment of shares for investors who have applied for Meesho’s initial public offering (IPO) will be finalised on October 8.
Meesho Ltd, a technology-based e-commerce platform in India, opened its windows to invite public bidding on December 3, that continued till December 5. With an issue size of Rs 5,421.20 crore, the price range per share has been fixed at Rs 105-111. The IPO consists of both fresh issue of shares as well as an offer for sale (OFS).
IPO details:
Investors could apply for a minimum of 1 lot with 135 shares at a rate of Rs 14,175 per lot. After the allotment of shares, the listing process is expected to take place on December 10.
As per the official website of the National Stock Exchange (NSE), Meesho IPO received a total of 79.03 times subscription, of which Qualified Institutional Buyers subscribed 120.18 times, Non Institutional Investors subscribed 38.16 times and Retail Individual Investors subscribed 19.08 times.
Latest GMP:
The grey-market premium (GMP) of the share currently is around Rs 40-41, hinting at a listing premium of 36 per cent over the issue price.
Steps to check allotment status on NSE:
1. Visit the official website of NSE
2. Select the company ‘Mesho Ltd’ by choosing Equity & SME IPO bid details
3. Furnish details like their IPO Application number or PAN details to view the allotment status
How to check allotment status on BSE:
1. Visit the official website of BSE
2. Select Equity in the issue type
3. Furnish the required details, including the ‘Issue Name’.
4. Enter the PAN number and the allotment status will be reflected on your screen
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