NEW DELHI, Dec 3: The initial public offer of SoftBank-backed e-commerce firm Meesho Ltd received 41 per cent subscription so far on the first day of share sale on Wednesday.

The three-day IPO got bids for 11,50,92,360 shares against 27,79,38,446 shares on offer, as per NSE data till 11:30 hours.

Retail Individual Investors (RIIs) category received 1.54 times subscription while the quota for non-institutional investors fetched 48 per cent subscription.

Meesho on Tuesday said it has garnered a little over Rs 2,439 crore from anchor investors.

The e-commerce firm is aiming to raise Rs 5,421 crore through its IPO, which concludes on December 5.

The company has fixed a price band of Rs 105-111 per share, valuing Meesho at Rs 50,096 crore (USD 5.6 billion) at the upper end.

The company’s

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