Meesho’s IPO will open for subscription on Dec. 3. (Photo source: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

E-commerce platform Meesho Ltd. launched its much-awaited initial public offering (IPO) on Wednesday, December 3. The Bengaluru-based online marketplace that competes with companies like Amazon and Flipkart to sell a range of products was fully booked on Day 1. According to BSE data, the IPO was subscribed 2.35 times, with QIBs subscribing 2.12 times the number of shares offered, RIIs subscribing 3.86 times, and NIIs subscribing their quota 1.80 times. Investors poured in bids for 65,41,96,635 shares against the 27,79,38,446 on offer.

After its launch, the grey market premium for the mainboard IPO has been topping the 'Business and Finance' trendi

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