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Home Trending News Meesho’s ₹5,421 Cr IPO debuts at 46% premium over offer price, with NSE share price at ₹162.05, BSE at ₹161.20

Meesho’s ₹5,421 Cr IPO debuts at 46% premium over offer price, with NSE share price at ₹162.05, BSE at ₹161.20

The share price of Meesho on the NSE is approximately ₹162.05, while on the BSE, it is around ₹161.20, marking a 46% premium over its IPO price of ₹111.

By Ishita Ganguly
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Meesho

Meesho’s ₹5,421 Cr IPO debut

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Meesho made a strong debut of Rs 5,421.20 crore in IPO on Wednesday, December 10, available for trade from 10:00 IST.

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All details about Meesho's IPO debut

The current share price of Meesho on the NSE is approximately ₹162.05, while on the BSE, it is around ₹161.20. This marks a 46% premium over its IPO price of ₹111.

After its blockbuster listing on Wednesday, newly listed Meesho received its first analyst rating, with domestic brokerage firm Choice Institutional Equities initiating coverage on the stock with a ‘BUY’ recommendation and a target price of Rs 200.

According to the BSE website, Meesho's share price will be listed in a special pre-open session on both the BSE and NSE during Wednesday's trades.

The firm launched its IPO on December 3 and wrapped up the offer on December 5, achieving remarkable success.

By the end of the bidding period, interest leapt, particularly among qualified institutional buyers (QIBs), who subscribed an impressive 120.18 times.

Non-institutional investors (NIIs) also reflected strong engagement with a subscription rate of 38.16 times, while retail investors participated at a solid rate of 19.08 times.

Notably, on the third day of the issue, the e-commerce firm’s IPO subscription status reached an outstanding 79.03 times, as reported by the BSE, indicating the substantial market appetite for the offering.

Meesho IPO GMP today stands at ₹36. 

Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of the e-commerce company is indicated at ₹147 apiece, which is 32.43% higher than the IPO price of ₹111.

According to the last 13 sessions of grey market activities, the present GMP ( ₹36) reflects a downward trend. The minimum GMP recorded is ₹33.00, while the maximum GMP reached ₹49.50, as analysed by experts.

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