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Meesho's Rs 5,421.20 crore IPO is set to list on December 10th after being oversubscribed 79 times.
Summary
Meesho's IPO, valued at Rs 5,421.20 crore, is scheduled to list on December 10th. The IPO was oversubscribed 79 times, indicating strong investor confidence and potential for significant gains in the market.
Key Points
- Meesho's IPO size: Rs 5,421.20 crore
- Listing date: December 10th
- Subscription: Oversubscribed 79 times
- IPO Composition: Fresh issue of 38.29 crore shares and an offer for sale of 10.55 crore shares
- Grey market gains: Over 38%
Full Article
Meesho’s Rs 5,421.20 crore IPO, subscribed 79 times, is set to list on December 10, making it one of the most closely watched tech offerings of the year. The book-built issue, comprising a fresh issue of 38.29 crore shares and an offer for sale of 10.55 crore shares, saw overwhelming demand, signalling strong investor interest and grey-market gains of over 38%.
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