Meesho lists at 46% above IPO price
It was another good day from initial public offerings (IPOs) that listed on Wednesday. Softbank-backed e-commerce major Meesho listed at a 46% premium – Rs 161.20. The stock, whose offer price was Rs 111 rose 60% intra-day, before closing at Rs 170.09, up 53%. The Rs 5,421 crore IPO was subscribed 79 times.
Another debutant Aequs that focuses on high-precision components and assemblies for civil aviation listed at a 13% premium at Rs 140 and closed with 21% gains above the IPO price of Rs 124. Vidya Wires shares that also debuted, listed flat, but closed at Rs 53.14, up 2%.
