Meesho IPO Listing: There was a huge listing of shares of e-commerce platform Meesho in the Indian stock market on Wednesday, 10 December. Company shares were listed at a premium of about 46 percent. On Wednesday’s trading day, the company’s shares entered at Rs 161.20 on BSE and Rs 162.50 on NSE.
That means early investors got a listing gain of about 46 percent. However, a fall in the shares was recorded in the initial trade itself. Soon after this, the shares started rising again. Meesho IPO got a tremendous response from investors. Under the IPO, the company had fixed the share price band between Rs 105 and Rs 111.
Company’s condition on BSE
At around 11:05 am on Wednesday, the company’s shares were trading at Rs 171.70 on BSE, up 54.68 per cent or Rs 60.70. The shares started the day at Rs 161.20. Company shares had reached a high level of Rs 177.55 during the trading day. The low level of the day was Rs 161.20.
meesho ipo details
Meesho’s IPO was open for investors between 3 and 5 December. The final allotment of shares was done on 8 December. The company has raised Rs 5,421.20 crore through IPO. Under the IPO, fresh shares worth Rs 4250 crore and share offer for sale worth Rs 1171 crore were issued. Meesho’s IPO received a strong response from investors and was subscribed 81.76 times overall.
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