Meesho IPO: Issue received solid response on Day 01, booked 2.46 times on strong retail interest

Meesho IPO in focus: The initial public offering of SoftBank-backed e-commerce firm Meesho Ltd. witnessed healthy demand from both retail and non-institutional investors on its first day of bidding.

The IPO, which remains open until Friday, December 05, received bids for 66 crore shares against the total offer of 26.86 crore shares, resulting in an overall subscription of 2.46 times by the end of Day 1, according to exchange data.