Meesho IPO Final Day: GMP Holds Strong, Signals 40%+ Listing Pop for Investors

Meesho IPO Set to Conclude on Friday, December 5

The Bengaluru-based online marketplace, Meesho Ltd., which competes with companies like Amazon and Flipkart, is all set to conclude its initial public offering (IPO) on Friday, December 5.

Grey Market Premium Holds Firm Ahead of IPO Listing

According to BSE data, investors have placed bids for 2,21,60,51,730 shares against the 27,79,38,446 shares on offer, a 7.97 times subscription on Day 2.

• Grey Market Premium: The current GMP for Meesho IPO stands at Rs 48 on December 5.
• Price Band: The price band for the IPO is set at Rs 105 to Rs 111 per share.
• Expected Gain: The expected gain per share when the stock debuts next week is around 43.24%.

Here's a brief overview of Meesho's IPO, including the latest grey market premium, price band, allotment, and listing date.

Key IPO Details

• Lot Size: The Meesho IPO lot size is 135 equity shares, with multiples of 135 equity shares thereafter.
• Minimum Investment: The minimum amount of investment required by a retail investor is Rs 14,985.
• Book Running Lead Manager: Kotak Mahindra Capital Company Ltd. is acting as the book-running lead manager.
• Registrar of the Issue: Kfin Technologies Ltd. will serve as the registrar of the issue.

About Meesho Limited

Founded in 2015, Meesho Limited is a multi-sided technology platform in India that connects consumers, sellers, logistics partners, and content creators.

Financial Performance

• Total Income: Meesho reported a total income of Rs 9,900.90 crore for the period ended March 31.
• Loss After Tax: The company posted a substantial loss after tax of Rs 3,941.71 crore for the same period.
• Ebitda: Ebitda improved slightly to a negative Rs 219.59 crore from negative Rs 230.15 crore a year earlier.

Utilization of IPO Proceeds

The IPO proceeds are proposed to be utilised for cloud infrastructure for its subsidiary, MTPL, salaries of existing and new hires in the technology teams supporting MTPL’s technology development, marketing and brand initiatives, as well as general corporate purposes.