Meesho IPO Allotment: Basis to be Finalized, GMP Signals Listing Pop
Meesho IPO Allotment: Basis to be Finalized, GMP Signals Listing Pop
Meesho's Rs 5,421 crore IPO sees strong demand; allotment basis may be announced soon, with GMP hinting at a notable listing pop for investors.
Meesho’s IPO drew strong investor interest with a price band of Rs 105-111 per share and a lot size of 135 shares, aiming to raise Rs 5,421.20 crore between December 03 and December 05. The company plans to finalize the basis of allotment on Monday, December 08, and bidders can expect debit messages or mandate revocations by Tuesday, December 09. The three-day bid period saw robust participation across all investor classes, underscoring healthy appetite for the e-commerce marketplace.
In terms of subscription metrics, the issue was overall subscribed about 79.03 times, with equity bids flowing in from about 62.75 lakh applications. Qualified institutional buyers (QIBs) subscribed 120.18 times, non-institutional investors (NIIs) 38.16 times, and retail investors 19.08 times. The issue comprises a fresh issue of Rs 4,250 crore and an offer-for-sale of up to Rs 1,171.20 crore. The strong demand positions Meesho for a potential listing pop once trading begins.
Grey market activity around the Meesho IPO showed a mild correction, with the grey market premium (GMP) hovering around Rs 46-48 during the bidding window, suggesting an anticipated listing premium of roughly 38-40 percent for investors. Market watchers note that the final allotment odds will depend on the basis of allocation, but the overwhelming interest from both retail and institutional investors signals confidence in Meesho’s growth story.
If the final allotment confirms the anticipated mix, retail investors who bid in the stable lot size could see the stock debut with a favorable reception. Investors are advised to stay tuned for the official allotment results, and to monitor GMP movements as listing day approaches. Meesho remains a focal point for tech-enabled commerce in India, with an IPO that reflects strong market interest in e-commerce platforms and their scalable models.
Cover image source: Meesho vs Aequs vs Vidya Wires: 3 IPOs draw Rs 3 lk cr bids; Check allotment odds & GMPs 🔗
