Meesho Makes Bumper Debut On Bourses, Lists At 46% Premium

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Ecommerce unicorn Meesho made a bumper debut on the stock exchanges, listing 46.4% above the issue price at INR 162.50 apiece on the NSE.

On the BSE, the stock got listed at INR 161.20 per share, marking a premium of 45.2% to the issue price of INR 111.

Meesho’s IPO comprised a fresh issue of INR 5,421 Cr and an offer for sale of up to 10.6 Cr shares. Cofounders Vidit Aatrey and Sanjeev Kumar and investors like Elevation Capital, Peak XV Partners, Venture Highway, and Y Combinator offloaded shares via the OFS.

Y Combinator, which offloaded…



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Meesho Makes Bumper Debut On Bourses, Lists At 46% Premium


Ecommerce unicorn Meesho made a bumper debut on the stock exchanges, listing 46.4% above the issue price at INR 162.50 apiece on the NSE.

On the BSE, the stock got listed at INR 161.20 per share, marking a premium of 45.2% to the issue price of INR 111.

Meesho’s IPO comprised a fresh issue of INR 5,421 Cr and an offer for sale of up to 10.6 Cr shares. Cofounders Vidit Aatrey and Sanjeev Kumar and investors like Elevation Capital, Peak XV Partners, Venture Highway, and Y Combinator offloaded shares via the OFS.

Y Combinator, which offloaded…



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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