Meesho’s ₹5,421-cr IPO booked 2.35x on Day 1

THE INITIAL PUBLIC offering (IPO) of SoftBank-backed e-commerce firm Meesho received 2.35 times subscription on the first day of share sale on Wednesday, helped by across the board investors’ participation.The three-day IPO got bids for 65,40,18,165 shares against 27,79,38,446 shares on offer, as per NSE data.

- PRESS TRUST OF INDIA

Retail Individual Investors (RIIs) category received 3.85 times subscription while the portion meant for Qualified Institutional Buyers (QIBs) got subscribed 2.12 times. The quota for non-institutional investors fetched 1.80 times subscription.