The initial public offering of Meesho continued to see strong investor interest on its second day of public bidding on December 4. The Rs 5,421-crore IPO of the e-commerce platform has been subscribed more than 3 times its offer size so far on Day 2.

The maiden public issue of the SoftBank-backed company received bids for around 83.97 crore shares, as against the offer size of 27.79 crore shares, according to data on NSE at 11 am. Retail investors continued to lead the subscription numbers, booking their reserved portion more than 5 times (534 percent).

Non Institutional Investors (NII) have subscribed their allotted quota nearly 3 times (323 percent), while Qualified Institutional Buyers (QIB) have booked the portion kept for them more than 2 times (213 percent).

About Meesho IPO:

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