Meesho IPO Allotment to be Announced Today as Investor Response Remains Exceptionally Strong
The allocation is highly competitive because of massive participation from retail and institutional buyers. Applicants can check their allotment on KFin Tech, BSE, or NSE
Strong Subscription Drives Buzz ahead of Allotment
Today, the allotment for the highly awaited IPO of Meesho will be finalised, and the investors will get a chance to see for the first time whether or not they have got the shares. The issue saw impressive interest across the categories of retail, non-institutional, and qualified institutional buyers. The overwhelming response has made the allotment process particularly tight, reflecting strong optimism surrounding the company’s market prospects.
Meesho’s ₹5,421.20-crore public issue consisted of a fresh issue of shares along with an offer for sale. Proceeds from the fresh issue will be used to fund the company’s expansion in logistics, enhancement of technology systems, and wider customer outreach programs. The robust subscription reflects increasing faith in Meesho’s value-driven e-commerce business model, particularly its leadership position across Tier-2 and Tier-3 cities.
Meesho continues to trade at a healthy premium in the unofficial grey market, though the figure has somewhat softened in the recent sessions. The current GMP of around ₹42 suggests a positive listing sentiment; however, investors are cautiously optimistic. Market trackers say the final listing performance will also depend upon the overall market conditions on the day of its listing.
The allotment status can be checked by subscribers through any of the authorised channels: with KFin Technologies as the registrar, on the BSE website, or on NSE’s portal. Once the allotment is done, the shares will be credited to the demat accounts of successful bidders ahead of the listing date. Unsuccessful bidders will get the blocked ASBA funds automatically released back to their bank accounts without needing to take any further steps.
