Issue Oversubscribed 17X So Far 

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SUMMARY

The non-institutional investors’ (NIIs) category led with an oversubscription of 24.09X, drawing bids for 118 Cr shares

Retail investors placed bids for 71.4 Cr shares as against 5.10 Cr shares on offer, translating to 13.87X oversubscription

The ecommerce unicorn has set a price band of INR 105 to INR 111 per share for its public issue and is expected to debut on the stock exchanges on December 10

Ecommerce unicorn Meesho’s IPO continued to see strong investor demand on the final day of bidding, with the issue…



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We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Issue Oversubscribed 17X So Far 


SUMMARY

The non-institutional investors’ (NIIs) category led with an oversubscription of 24.09X, drawing bids for 118 Cr shares

Retail investors placed bids for 71.4 Cr shares as against 5.10 Cr shares on offer, translating to 13.87X oversubscription

The ecommerce unicorn has set a price band of INR 105 to INR 111 per share for its public issue and is expected to debut on the stock exchanges on December 10

Ecommerce unicorn Meesho’s IPO continued to see strong investor demand on the final day of bidding, with the issue…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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