Meesho's 5,421 crore IPO to open on December 3

Meesho IPO: If you're planning an IPO, then this news is special for you. Meesho, the leading online clothing retailer, is about to open its IPO. This IPO, worth over ₹5,000 crore, will open early next month on December 3rd. Details from the price band to the lot size have been revealed. Let's find out how much you can invest to become a part of this company's continuous profits.

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Investment will be possible from December 3rd to 5th

The IPO of online clothing company Meesho will open for retail investors on December 3rd, and bids can be placed for three days, until December 5th. SoftBank-backed e-commerce platform Meesho has also revealed the price band for its IPO, which is set at ₹105 to ₹111 per share. Regarding the issue size, Meesho plans to raise ₹5,421.20 crore from the market through its issue.

Issuance of New Shares Worth ₹4,250 Crore

Under the Meesho IPO, the company will issue new shares worth ₹4,250 crore to investors, while promoters will sell ₹10.55 crore worth of shares through an offer for sale (OFS). The IPO will be managed by Kotak Mahindra Capital Company, JP Morgan India, Morgan Stanley India Company, Axis Capital, and Citigroup Global Markets India, while KFin Technologies Limited has been appointed as its registrar.

Market Debut on December 10

75% of the Meesho IPO is reserved for QIBs, 15% for NIIs, and 10% for retail investors. After the IPO closes on December 5th, the share allotment process will begin on December 8th, while the refund process will begin the following day, December 9th. Shares will also be credited to bidders' demat accounts on the same day. December 10th is the scheduled date for Meesho Share's listing on the stock market. This listing will take place on the BSE and NSE.

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Become a partner for less than ₹15,000

To become a shareholder in the profits of this large company, you will need to spend just under ₹15,000. The company has set a lot size of 135 shares for the IPO. This means that any investor will have to bid for at least that many shares. Calculating based on the upper price band, this would require a minimum investment of ₹14,985.

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