Latest News, Updates & Breaking Headlines
E-commerce platform Meesho’s shares dropped by 5 per cent to Rs 173.20 on Wednesday on the BSE after a one-month lock-in period ended. This made 110 million shares, representing 2 per cent of the company’s equity, available for trading. Despite this dip, major brokerages remain positive about Meesho’s future growth potential.The stock, which is still…
Bengaluru: Meesho’s shares closed at Rs 216.3 on Wednesday on the NSE, hitting the 20% upper circuit and nearly doubling their IPO price within days of debut. The e-commerce company’s stock has gained about 95% since it got listed on Dec 10 at Rs 111 per share. The surge, which has pushed the company’s market…
NEW DELHI: Investment management firm Fidelity International has acquired a 6.3% stake in e-commerce firm Meesho, according to regulatory filings. Fidelity’s stake is valued at around Rs 3,155 crore based on the issue price of Rs 111 apiece. Meesho shares listed at over a 53% premium on Wednesday. Agencies Source link
BENGALURU/MUMBAI: Startup Meesho’s two founders together turned billionaires on Wednesday as the stock jumped over 50% on listing on the bourses following its strong IPO that closed on Dec 5. The strong listing gains also brought in riches for all of Meesho’s early backers with their holdings now worth nearly $6 billion.In addition, the founders…
Meesho made a strong debut at the Dalal Street on Wednesday, trading at Rs 161, at a premium of 46% over the IPO price.This came after the e-commerce platform’s Rs 5,421.20 crore initial public offering that ended with an overall subscription of 79 times. The response has placed the e-commerce company among the most keenly…
Meesho’s shares are trading at a grey market premium (GMP) of Rs 40–41 apiece ahead of their stock market debut on Wednesday, December 10, signalling an expected upside of about 36% over the issue price.The initial public offering, which opened on December 3 and closed on December 5, has entered the allotment stage, with the…
The allotment of shares for Meesho’s Rs 5,421.20 crore IPO is scheduled for today, marking the next big step for what has become one of the most closely watched tech listings of the year. The public issue, which included a fresh issue of 38.29 crore shares and an offer for sale of 10.55 crore shares,…
Online shopping platform Meesho’s initial public offering (IPO) has entered its third and the last day of bidding, with the issue oversubscribed 9.07 times so far. The issue continues to attract high interest from investors, with bids having been received for 221 crore shares against 27.79 crore shares on offer. The IPO has also drawn…
Online shopping platform Meesho is set to open for subscription on Wednesday, attracting investors with a solid grey market premium. The excitement has been fuelled by positive commentary from analysts.The company is targeting proceeds of Rs 5,421 crore from the IPO, which will remain open until 5 December. The price band has been set between…
India’s initial public offering (IPO) segment remains active, with roughly two dozen firms, including ICICI Prudential AMC, Meesho, and Juniper Green Energy, preparing to launch their public issues over the next two months. Collectively, these offerings could raise close to Rs 40,000 crore, according to merchant bankers.The upcoming slate also features prominent companies such as…
