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…