Today Gold, Silver Rate December 25: Check 18, 22, 24 carat Gold prices in Chennai, Mumbai, Delhi, Kolkata Gold has been regarded as one of the safest investments for many years because it has a proven track record of preserving wealth during periods of inflation and market volatility
Meesho IPO Listing Price Prediction: 79x Subscription, Allotment Likely Tomorrow, Check How To See Status
Meesho IPO Listing Price Prediction: 79x Subscription, Allotment Likely Tomorrow, Check How To See Status
Meesho IPO Listing Price Prediction: The initial public offering (IPO) of Meesho, which is backed by SoftBank, saw a subscription of 79.03 times on the final day of the bidding, December 05. Investors who have applied for the issue are looking for the allotment that will likely be concluded tomorrow, December 08.
The price band of the Rs 5,421-crore IPO has been fixed in the range of Rs 105 to Rs 111. Its allotment will be finalised on December 8. The company's listing will be made on December 10 on both BSE and NSE.
According to market observers, unlisted shares of Meesho Ltd are currently trading at Rs 153 apiece in the grey market, against the upper IPO price of Rs 111. It means a grey market premium (GMP) of 39.24%, indicating a strong listing for the company.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium' indicates investors' readiness to pay more than the issue price.
The Meesho IPO allotment is expected to be finalised on Monday, December 8. The allotment status can be checked online by following these steps:
1) Visit registrar Kfin Technologies' portal – https://ipostatus.kfintech.com/.
2) Under ‘Select IPO', select ‘Meesho Ltd' from the drop box.
3) Enter your application number, demat account, or permanent account number (PAN).
5) Then, click on the ‘Submit' button.
Your share application status will appear on your screen.
Via the BSE
1) Go to the official BSE website via the URL — https://www.bseindia.com/investors/appli_check.aspx.
2) Under ‘Issue Type', select ‘Equity'.
3) Under ‘Issue Name', select ‘Meesho Ltd' in the drop box.
4) Enter your application number, or the Permanent Account Number (PAN). Those who want to check their allotment status via PAN can select the ‘Permanent Account Number' option.
5) Then, click on the ‘I am not a robot' to verify yourself and hit the ‘Search' option.
Your share application status will appear on your screen.
The IPO has a fresh issue of shares worth Rs 4,250 crore, along with an Offer For Sale (OFS) of 10.55 crore shares valued at Rs 1,171 crore at the upper band, taking the total issue size to Rs 5,421 crore.
Swipe Left For Next Video
Meesho plans to utilise proceeds for investment in cloud infrastructure, marketing and brand initiatives, as well as funding inorganic growth through acquisitions and other strategic initiatives, and general corporate purposes.
Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
Source: News18
Related Posts: Meesho IPO vs Vidya Wires IPO vs Aequs IPO — what GMP signals about these IPOs Meesho IPO Listing Today Patel Retail IPO Listing Price Prediction Lenskart IPO Listing Price Prediction Urban Company IPO Listing Price Prediction Shringar House Of Mangalsutra IPO Listing Price Prediction Anand Rathi Share IPO Listing Price Prediction PhysicsWallah IPO Listing Price Prediction Bumper Debut! Meesho share price lists at solid 46% premium over IPO price Hardik Pandya Gets Girlfriend Mahieka Sharma’s Initial Tattooed on Valentine’s Day
Today Gold, Silver Rate December 25: Check 18, 22, 24 carat Gold prices in Chennai, Mumbai, Delhi, Kolkata Gold has been regarded as one of the safest investments for many years because it has a proven track record of preserving wealth during periods of inflation and market volatility
2 months ago
