The wait for applicants investing in the Initial Public Offering (IPO) of SoftBank-backed e-commerce company Meesho is ending today. The share allotment of Meesho IPO will be finalized on Monday, December 8. Investors who have applied for this IPO can check their allotment status today on the official website of Registrar Kfin Technologies Ltd. For applicants who are not allotted shares, the refund process will begin from Tuesday, December 9. The shares will be credited to the demat account of the successful investors who will get the shares on the same day.
How to check status on BSE
- First go to this link: https://bseindia.com/investors/appli_check.aspx
- Select ‘Meesho Ltd’ from the ‘Issue Name’ list
- Provide your IPO application number or PAN details
- Press ‘Search’ button
How to check status on NSE website
- Visit NSE’s NSE Allotment Status page: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
- Select ‘Equity & SME IPO bid details’
- Select ‘MEESHO’ from the ‘Select Symbol’ dropdown list
- Identify yourself using application number and PAN
- Press ‘Submit’ button
GMP of Meesho IPO
As of December 8, the gray market premium or GMP of Meesho IPO has been recorded at around ₹40–₹41 per share. This is about 36.04% higher than the upper price band of ₹111. This strength in GMP indicates strong demand in the unofficial market and suggests Meesho is likely to open in a potential listing range of ₹151–₹152 per share.
Meesho IPO listing date and time
Meesho’s Rs 5,421.20 crore blockbuster IPO, which has been subscribed 79 times, is expected to hit the public market at 10:00 am on Wednesday, December 10. Meesho opened the IPO for subscription on 03 December and ended on 05 December.
The company raised Rs 5,421.20 crore from the public through 38.29 crore fresh shares worth Rs 4,250.00 crore and offer for sale of 10.55 crore shares worth Rs 1,171.20 crore. Meesho has fixed the price band for each equity share between Rs 105 and Rs 111.
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