The long-awaited public debut of Meesho is finally here. The SoftBank-backed online marketplace opened its initial public offering (IPO) for subscription today, December 3. The IPO was fully subscribed on Day 01 itself. The company has fixed its IPO price band between Rs 105-115 per share.

The IPO comes with two components. The fresh issue involves the sale of 38.29 crore new shares, which will help the company raise Rs 4,250 crore.

Alongside this, existing investors will sell 10.55 crore shares through an offer for sale (OFS), worth Rs 1,171.20 crore. Altogether, the total issue size stands at Rs 5,421.20 crore.

The share allotment for the Meesho IPO is likely to take place on Monday, December 8. Once the allotment is finalised, successful bidders will receive shares in their demat accounts on December 9, while refunds for those who don’t get shares are expected the same day. Meesho’s market debut is scheduled for December 10, when its shares will be listed on both the BSE and NSE.