Meesho’s 79X IPO subscription one of highest among new-age companies

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The bookbuilding process for ecommerce marketplace Meesho’s initial public offering (IPO) closed Friday with investors bidding for 79 times the shares on offer — making it among the most subscribed large-sized issues for a new-age company.

Meesho’s Rs 5,421-crore saw strong interest from qualified institutional bidders (QIBs), who bid for more than 120 times the shares allocated to them, with retail investors also subscribing to the book 19 times.

By comparison, omnichannel beauty retailer Nykaa, which went public in 2021 following a Rs 5,350…



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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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Meesho’s 79X IPO subscription one of highest among new-age companies


The bookbuilding process for ecommerce marketplace Meesho’s initial public offering (IPO) closed Friday with investors bidding for 79 times the shares on offer — making it among the most subscribed large-sized issues for a new-age company.

Meesho’s Rs 5,421-crore saw strong interest from qualified institutional bidders (QIBs), who bid for more than 120 times the shares allocated to them, with retail investors also subscribing to the book 19 times.

By comparison, omnichannel beauty retailer Nykaa, which went public in 2021 following a Rs 5,350…



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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