The initial public offering of Meesho Ltd., which opened on December 3, continued to draw strong investor interest and was subscribed nearly 32 times by 2:30 on the final day of bidding.

As of 2:30 pm on Friday, December 5, the issue had received bids for 872.47 crore shares against 27.79 crore shares on offer, according to NSE data.

Demand was strongest from institutional investors at 35.87 times, non institutional investors, whose portion has been subscribed 33 times the total number of shares on offer. The portion reserved for retail investors has also been subscribed 17 times the total number of shares reserved for them.

The price band for the IPO is ₹105 to ₹111 per share. In the grey market, Meesho's shares are trading at a premium of up to 45%, though these unofficial indicators

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