Meesho IPO booked 82 times on final day: Steps to check allotment status, listing date and more

Meesho Ltd. is expected to finalise the share allotment status for its initial public offering (IPO) on Monday, December 8, following a strong subscription. The mainboard IPO was overall subscribed 81.76 times on the last day of bidding on Friday, December 5.

The ₹5,421.2-crore IPO attracted bids for nearly 2,196.3 crore shares, against 26.86 crore shares on offer, as per the NSE data. The Meesho IPO opened for bidding on Wednesday, December 3.

The IPO was booked 19.04 times in the retail category

and 38.15 times in the Non-Institutional Investors (NIIs) segment. The Qualified Institutional Buyers (QIBs) booked their category 120.18 times.

The mainboard issue was a combination of a fresh issue of shares and an offer-for-sale (OFS) portion. The leading e-commerce company’s IPO included a fresh issue of 38.28 crore shares, aggregating to ₹4,250 crore, and an OFS of 10.55 crore shares worth ₹1,171.2 crore. The IPO price band was fixed at ₹105 to ₹111 per equity share.

Meesho has proposed to utilise the IPO funds for investment in cloud infrastructure as well as brand initiatives. A portion of the funds will also be used for inorganic growth through acquisitions and strategic initiatives. The company will also utilise IPO proceeds for general corporate purposes.

Investors who have bid for the Meesho IPO shares can check share allotment status on the NSE, BSE and the official website of the issue registrar, Kfin Technologies Ltd.

Steps to check Meesho IPO share allotment on the BSE

• Access the IPO allotment page on the BSE website: https://www.bseindia.com/static/investors/application_statuschecksystem.aspx


• Choose 'Equity' as the issue type


• Select ‘Meesho Ltd’ from the dropdown list for IPO names


• Enter your IPO application number and PAN


• Click on ‘Search’ to view your share allotment details

Steps to check Meesho IPO share allotment on the NSE

• Visit the NSE IPO allotment page: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids


• Select 'Equity & SME IPO bid details' out of the two options


• Under ‘Select Symbol’, click on ‘MEESHO’


• Enter your application number and PAN to proceed


• Click on the ‘Submit’ button

Steps to check Meesho IPO allotment on Kfin Technologies:

• Go to the link: https://ipostatus.kfintech.com/


• Under ‘Select IPO’, click on 'Meesho Ltd' from the dropdown menu


• Provide your Demat Account Number, PAN, or IPO Application Number


• Click on 'Submit' to view your allotment status

Meesho Ltd. is expected to credit shares to the Demat accounts of successful bidders on Tuesday, December 9. Refunds for the non-allottees will also be initiated on the same day.

The company's shares are expected to be listed on the NSE and BSE on Wednesday, December 10.

Incorporated in 2015, Meesho Ltd. operates a leading multi-brand e-commerce platform. The company primarily focuses on connecting consumers, sellers, logistics partners and content creators through its online marketplace. The company's marketplace facilitates transactions through a technology-driven platform, generating revenue mainly from seller services like order fulfilment, advertising and seller insights.