Meesho IPO Subscribed Over 50%, Retail Portion Fully Booked

The retail portion of the public issue was oversubscribed 1.95X at 12:05 IST, receiving bids for 9.92 Cr shares against 5.1 Cr shares reserved for them

Meesho’s IPO comprises a fresh issue of INR 5,421 Cr and an OFS component of 10.6 Cr shares

The ecommerce unicorn raised INR 2,439.5 Cr from anchor investors yesterday

Ecommerce major Meesho’s IPO got off to a strong start, with retail investors’ portions fully subscribed within a few hours. 

The issue was…