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Top IPO Watch: Meesho Allotment Due Today as Grey Market Premium Slips from Highs
Meesho IPO allotment is expected today after nearly 80 times subscription, with GMP easing to about 38 percent ahead of Demat credit and December 10 listing.
Investor attention remains locked on Meesho as the IPO allotment is scheduled to be finalised today after the issue recorded massive oversubscription across all investor categories. The ₹5,421.20 crore IPO was subscribed nearly 80 times, backed by strong interest from qualified institutional buyers, non institutional investors and retail participants. Meesho’s grey market premium has softened to around 38 percent from earlier highs near 45 percent, indicating moderation in listing optimism.