Meesho’s IPO oversubscribed 79x; QIB quota sees 120x bids

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E-commerce marketplace Meesho’s IPO saw robust investor interest, with the overall issue subscribed 79 times, steered largely by strong demand from Qualified Institutional Buyers (QIBs).

According to exchange data, Qualified Institutional Buyers (QIBs) subscribed over 120 times, followed by Non-Institutional Investors (NIIs) at 38.14 times. The retail investor quota also saw strong traction, with subscriptions reaching 19 times.

The initial public offering was open for subscription from December 3 to 5 with a price band of Rs 105–111 per share and…



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Meesho’s IPO oversubscribed 79x; QIB quota sees 120x bids


E-commerce marketplace Meesho’s IPO saw robust investor interest, with the overall issue subscribed 79 times, steered largely by strong demand from Qualified Institutional Buyers (QIBs).

According to exchange data, Qualified Institutional Buyers (QIBs) subscribed over 120 times, followed by Non-Institutional Investors (NIIs) at 38.14 times. The retail investor quota also saw strong traction, with subscriptions reaching 19 times.

The initial public offering was open for subscription from December 3 to 5 with a price band of Rs 105–111 per share and…



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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