Meesho IPO Day 3: Issue Oversubscribed 17X So Far

The article reports the exceptionally strong investor response to Meesho’s IPO, which was oversubscribed nearly 17 times by the third day of bidding. It explains that non-institutional investors showed the highest demand, followed by retail and qualified institutional buyers. The IPO price band has been fixed at ₹105–₹111 per share and comprises both a fresh issue and an offer for sale. The description highlights Meesho’s recent financial performance, including revenue growth and reduced losses, which appear to have strengthened investor sentiment. It also outlines the company’s plans for utilizing the IPO proceeds, including technology investments, cloud infrastructure expansion, marketing initiatives, and scaling its marketplace operations. The article presents the oversubscription as a strong indication of market confidence in Meesho’s long-term scalability and its position in India’s competitive e-commerce sector.