Meesho IPO Listing Date: 5 key things retail investors should know before it debuts on NSE, BSE

With the Meesho share listing just around the corner, here are the key things retail investors should know.
Meesho IPO: Subscription details
The initial public offering, priced at ₹105 to ₹111 per share, was subscribed 79.03 times, as investors placed bids for 21,96,67,00,770 shares as against 27,79,38,446 shares on offer, as per the data on stock exchanges.
Qualified institutional buyers (QIBs) led the bidding, as their part was subscribed 120.18 times. They applied for 18,07,17,42,600 shares as compared to 15,03,69,511 shares on offer.
The non-institutional investors' (NIIs) quota was booked 38.16 times. They submitted applications for 2,92,11,08,400 shares against 7,65,41,361 shares on offer.
Retail individual investors, or RIIs, placed bids for 97,38,49,770 shares as against 5,10,27,574 shares reserved. This shows a subscription of 19.08 times.
Meesho IPO GMP
According to media reports and investorgain.com, unlisted shares of e-commerce company Meesho are trading at ₹153, reflecting a grey market premium of 37.84% over the upper price band of ₹111.
Disclaimer: Grey Market Premium (GMP) is not regulated or recommended by the stock exchanges or SEBI. Upstox does not endorse or facilitate trading in the grey market. Investors are advised to conduct their own research or consult an expert before making any investment decisions.
Meesho IPO: Objectives
The ₹5,421.20 crore public offer comprised a fresh issuance of shares aggregating to ₹4,250 crore and an offer for sale of 10.55 crore shares totalling ₹1,171.20 crore.
Under the OFS, those offloading their stake include Elevation Capital V, Peak XV Partners Investments V, Sanjeev Kumar, Vidit Aatrey, Venture Highway Series 1, a Series of Venture Highway SPVs LLC, Y Combinator Continuity Holdings I, LLC, Golden Summit Limited, Sarin Family India LLC, Man Hay Tam and Gemini Investments, L.P.
The fresh issue proceeds will be utilised for the following objects:
Meesho IPO: Share credit, refund and listing date
Shares will be credited to the Demat account of allottees on Tuesday, December 9. Refunds for non-allottees will be processed on the same day.
Meesho IPO: Financials