Meesho makes strong stock market debut, lists at over 45% premium on NSE, BSE
Meesho debuted on the bourses on Saturday, December 10. The Meesho shares opened at Rs 162.50 each on the NSE, a premium of Rs 51.50 (46.40%) over the issue price of Rs 111 per share. The BSE recorded a tad lower premium of Rs 50.20 (45.23%) over the issue price at Rs 161.20.
Meesho debuted on the NSE Rs 162.50 a piece.
The IPO, open for subscription between December 3 and 5, mobilised Rs 5,421.20 crore through a mix of fresh equity and an offer for sale. The company issued 38.29 crore new shares worth Rs 4,250 crore and offered 10.55 crore shares valued at Rs 1,171.20 crore under the OFS component. The price band was fixed at Rs 105–111 per share. Share allotment was completed on December 8.
Meesho listed on the BSE at Rs 161.20…
