The allotment of shares for Meesho’s highly anticipated IPO, valued at ₹5,421.20 crore, is set to occur today. This public offering has attracted considerable attention, with subscriptions reaching an impressive 79 times the number of available shares. The IPO includes a fresh issue of 38.29 crore shares along with an offer for sale of 10.55 crore shares, indicating robust investor interest across various categories. The stock is expected to debut on the market on December 10, with trading available on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
Overwhelming Demand for Meesho’s IPO
Meesho’s IPO has generated a phenomenal response from investors, yielding total bids amounting to ₹2,197 crore for 27.79 crore shares. This results in an overall subscription rate of 79.03 times, demonstrating high demand for the shares. Qualified institutional buyers led the subscription with 120.18 times, while non-institutional investors followed closely at 38.16 times. Retail investors also displayed robust interest with a subscription rate of 19.08 times. This overwhelming demand underscores the confidence investors have in Meesho’s business model and its growth potential in the competitive e-commerce landscape.
Positive Signals from the Grey Market
Ahead of its official listing, Meesho’s stock is receiving positive signals in the grey market. As of December 8, the grey market premium was reported at around ₹40–41 per share, which is approximately 36.04% above the upper end of the IPO price band set at ₹111. This indicates that investors anticipate a listing price between ₹151 and ₹152 per share. The excitement surrounding Meesho’s IPO reflects growing optimism about its future performance in the stock market, with many looking forward to its trading debut on December 10.
How to Check Your Meesho IPO Allotment Status
Investors wishing to check their allotment status can do so via both the BSE and NSE websites. For the BSE, users should navigate to the investors section, select the status of issue application, and choose ‘Meesho Ltd.’ from the dropdown menu. They will need to enter their application number or PAN and click the ‘Search’ button. Similarly, for the NSE, investors can visit the stock exchange’s website, select ‘Equity & SME IPO bid details,’ choose ‘MEESHO,’ and enter the required details to submit their request. This straightforward process allows investors to easily confirm their allotment status.
Financial Performance and Future Outlook
Meesho’s financial performance shows promising growth, with revenue for FY25 increasing by 23.3% to ₹9,389.9 crore. The company’s adjusted EBITDA losses have narrowed to ₹2,595.3 crore, indicating improvements in unit economics and operational efficiency. Analysts highlight that Meesho has achieved two consecutive years of positive free cash flow, with a last twelve months (LTM) free cash flow of ₹581.5 crore by the end of H1FY26. Additionally, order volumes have surged, rising from 102.4 crore in FY23 to 183.4 crore in FY25. However, analysts caution about potential challenges, such as intense competition and operational bottlenecks. Despite these concerns, brokerages remain optimistic, recommending subscription to the IPO based on Meesho’s expanding user base and improving operational profile. As the allotment results are announced today, investors are eagerly anticipating the next significant milestone in Meesho’s market journey.