Meesho IPO Allotment Date: Today has become a very special day for thousands of investors who invested in the Meesho IPO. Since morning, one question has been on everyone’s mind: who will get the shares? After the overwhelming subscription, expectations have also soared. Every investor is eagerly waiting to see the shares in their Demat account.
Meesho IPO Allotment Status to be Finalized Today
The Meesho Ltd. IPO is now in its final stage, and its share allotment status will be announced today, December 8th. This is a very emotional day for those who applied. Some are hopeful of success, while others are anxiously awaiting the results.
| Category | Details |
|---|---|
| Company Name | Meesho Ltd. |
| IPO Size | ₹5,421.2 Crore |
| Total Subscription | 81.76 Times |
| Retail Investor Subscription | 19.04 Times |
| Non-Institutional Investors (NII) | 38.15 Times |
| Qualified Institutional Buyers (QIB) | 120.18 Times |
| Total Shares Offered | 26.86 Crore Shares |
| Total Shares Bid | 2,196.3 Crore Shares |
| IPO Allotment Date | 8 December |
| Share Credit Date | 9 December |
| Listing Date | 10 December |
| Listing Exchange | NSE and BSE |
| Use of IPO Funds | Cloud Infrastructure, Brand Promotion, Strategic Initiatives, Corporate Expenses |
| Allotment Check Platform | BSE, NSE, Kfin |
| Refund Status | Full Refund if Not Allotted |
Record Subscription Creates a Huge Buzz in the Market
The Meesho IPO received a total subscription of 81.76 times, which is a massive figure. This means that many times more people bid for the shares than were offered. This figure clearly shows the tremendous confidence investors have in Meesho.
Retail, NII, and QIBs Showed Great Interest
Investors from all categories participated enthusiastically in this IPO. Retail investors bid 19.04 times, Non-Institutional Investors (NIIs) invested up to 38.15 times, and Qualified Institutional Buyers (QIBs) showed even greater confidence with a subscription of over 120.18 times. This clearly indicates that large investors are also very positive about Meesho.
Important Dates for Those Who Receive Shares
Investors who are allotted shares will have them credited to their Demat accounts on December 9th. Following this, Meesho shares will be listed on the NSE and BSE on December 10th. From the listing day onwards, investors will be able to buy and sell their shares, and their profit or loss will be determined.
Those Who Don’t Receive Shares Will Have Their Money Refunded Safely
If an investor is not allotted shares in this IPO, there is no need to worry. Their entire money will be safely refunded soon. The IPO process is completely transparent, so there are no problems with refunds, and the money is returned directly to the bank account. What will Meesho do with the money raised from the IPO?
Meesho has clarified that the funds raised from the IPO will be used for the company’s expansion. The money will be used to strengthen cloud infrastructure, for brand promotion, and to invest in new business initiatives. Funds have also been allocated for general corporate expenses.
How to check Meesho IPO allotment status
Investors can easily check their allotment status on the official websites of BSE, NSE, and Kfin. By filling in the required information, they can find out in a few seconds whether they have been allotted shares or not. Millions of people will be checking their allotment status on these websites throughout the day today.
FAQs
Q1. When will Meesho IPO allotment be finalized?
Meesho IPO allotment is expected to be finalized today, 8 December.
Q2. Where can I check my Meesho IPO allotment status?
You can check your allotment status on the official websites of BSE, NSE, and Kfin.
Q3. When will Meesho IPO shares be credited to Demat accounts?
Shares will be credited to successful investors’ Demat accounts on 9 December.
Q4. What is the listing date of Meesho IPO?
Meesho IPO is scheduled to be listed on NSE and BSE on 10 December.
Q5. What was the total subscription of Meesho IPO?
The IPO received a strong subscription of 81.76 times across all investor categories.
Disclaimer: This article is for general informational purposes only. The information provided herein does not constitute investment advice. Investing in the stock market is subject to market risks. Please consult your financial advisor before making any investment decisions.
