Tech
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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