Meesho made a strong debut at the Dalal Street on Wednesday, trading at Rs 161, at a premium of 46% over the IPO price. This came after the e-commerce platform's Rs 5,421.20 crore initial public offering that ended with an overall subscription of 79 times. The response has placed the e-commerce company among the most keenly followed tech listings this year. Meesho was trading at Rs 162 on the NSE, up Rs 51 from the issue price. On the Bombay Stock Exchange, the share was trading at Rs 161, up 45% from the issue price. The IPO, which opened on December 3 and closed on December 5, offered 27.79 crore shares through a combination of a fresh issue of about 38.29 crore shares worth Rs 4,250 crore and an offer for sale of 10.55 crore shares. By the end of the bidding period, exchanges
Meesho stock listing: E-commerce platform makes strong debut with 46% premium; check price, outlook & more
The Times of India1 hrs ago
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