UPSCSSCBANKINGSTATE-PSC
Meesho IPO oversubscribed, indicating strong investor confidence in its e-commerce platform.
Summary
Meesho's IPO, valued at Rs 5,421 crore, witnessed strong investor interest, being oversubscribed 81.76 times. Despite a slight dip in the Grey Market Premium (GMP) to 29%, the IPO is anticipated to yield substantial listing gains, reflecting confidence in its zero-commission e-commerce model.
Key Points
- Meesho's IPO size: Rs 5,421 crore
- Oversubscription: 81.76 times
- Grey Market Premium (GMP): 29%
- Business Model: Zero-commission, asset-light e-commerce platform
Full Article
Meesho’s grey market premium (GMP) dipped slightly to 29%, yet the IPO is still expected to deliver strong listing-day gains. The Rs 5,421 crore issue was oversubscribed 81.76 times, with robust participation from QIBs, NIIs, and retail investors, highlighting confidence in Meesho’s zero-commission, asset-light e-commerce platform.
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