New Delhi: Meesho made a powerful entry into the Indian stock market on Wednesday, with its shares listing at a 46 percent premium after the company raised 604 million dollars through its initial public offering. The stock opened at about 162 rupees on the National Stock Exchange, well above the issue price of 111 rupees.

The strong debut pushed Meesho’s market value to nearly 8.8 billion dollars, reflecting high investor confidence. Demand for the IPO was extremely strong, with bids worth around 28 billion dollars, making it one of the most sought after offerings of the year.

The e commerce company has built its business by selling low cost fashion and lifestyle products, especially to value focused customers. Its approach of not charging commission from sellers and keeping advertisin

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