×

Meesho IPO Opens Today: Strong Signals for Investors

The Meesho IPO is launching today, presenting a lucrative opportunity for investors. With a total size of ₹5,421 crores and a grey market premium exceeding 44%, this IPO is already signaling strong potential returns. Investors can bid for shares priced between ₹105 and ₹111, with a minimum investment of ₹14,985. The allotment process is set for December 8, and shares are expected to list on December 10. With promising earnings projected, this IPO could be a significant opportunity for those looking to invest in the e-commerce sector.
 

Meesho IPO Launch Details

The initial public offering (IPO) for Meesho, an online clothing e-commerce platform, is set to open today. If you're considering investing in this IPO, now is an opportune moment, as it has already shown promising signs of profitability before its launch. Currently, the grey market premium for this IPO is exceeding 44%. Investors will have a three-day window to place their bids. Let's delve into the specifics regarding its size, lot, and price band.


IPO Size and Structure

The Meesho IPO has a total size of ₹5,421 crores, with the investment window open until December 5. The company is issuing fresh shares worth ₹4,250 crores, while promoters will offer shares valued at ₹10.55 crores through an offer for sale (OFS).


After the IPO closes, the share allotment process is scheduled for December 8, with refunds beginning on December 9. On the same day, shares will be credited to the demat accounts of successful bidders. The listing of the company's shares on both BSE and NSE is anticipated on December 10.


Price Band and Lot Size

The price band for the Meesho IPO has been set between ₹105 and ₹111 per share, with a lot size of 135 shares. This means that investors must bid for at least this number of shares, requiring a minimum investment of ₹14,985 at the upper price band. Additionally, an investor can apply for a maximum of 13 lots, totaling 1,755 shares, which would require an investment of ₹1,94,805.


Potential Earnings from the IPO

The Meesho IPO is already signaling strong earnings potential even before its opening. The grey market premium is currently at 44.14%, indicating a potential profit of ₹49 per share. This suggests that shares could list at around ₹160 each.


For instance, if an investor bids for one lot at ₹14,985 and the shares list at the current grey market premium, the investment could grow to ₹21,600. This means that each lot could yield a profit of ₹6,615 almost instantly.