Meesho’s IPO subscribed 79 times on final day
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New Delhi: SoftBank-backed e-commerce firm Meesho’s initial share sale got subscribed 79.02 times on the final day of bidding on Friday.
The Rs5,421-crore Initial Public Offer (IPO) received bids for 21,96,29,80,575 shares against 27,79,38,446 shares on offer, according to details available with the NSE.
Qualified Institutional Buyers’ (QIBs) portion attracted 120.18 times subscription, while the non-institutional investors quota received 38.15 times subscription. The portion meant for Retail Individual Investors (RIIs) attracted 19.04 times subscription.
The IPO of Meesho Ltd received 2.35 times subscription on the first day of share sale on Wednesday, helped by across-the-board investors’ participation.
Meesho on Tuesday said it has garnered a little over Rs2,439 crore from anchor investors.
