Meesho IPO makes strong debut, lists at 46% premium

• Meesho's IPO made a strong debut, listing at a 46% premium with shares priced at ₹161.2 on BSE and ₹162.5 on NSE.
• The IPO received overwhelming investor response, oversubscribed by nearly 80 times overall, with QIBs leading at 120.18 times.
• The ₹5,421 crore IPO, which included a fresh issue of ₹4,250 crore, was open from December 3-5 with a price band of ₹105-₹111 per share.
• Funds raised will be utilized for cloud infrastructure, marketing, branding programs, acquisitions, and other strategic expansion plans.

Why It Matters: Meesho's strong IPO listing reflects high investor confidence in e-commerce.