Meesho IPO subscribed 2.46x on Day 1, driven by strong retail demand
Meesho's public issue drew solid early response, booked 2.46 times on its first bidding day. Retail investors led the charge, signaling robust appetite for the e-commerce marketplace's listing.
Meesho's IPO drew strong demand on its first bidding day, subscribed 2.46 times, led largely by retail investors. The e-commerce marketplace's public issue saw solid early response.
Why this matters
The IPO momentum follows Meesho's aggressive expansion moves, including its Rs 202 crore all-cash acquisition of Kirana Club to scale its B2B retail and commerce distribution network.
Retail-company theme is accelerating, up 420000% QoQ.