QIBs bid for more than 120 times the shares of the ecommerce marketplace allocated to them, while retail investors subscribed to the book 19 times. Meesho’s Rs 5,421 crore offering will value it at Rs 51,535 crore on a post-money basis. The company is raising Rs 4,250 crore in fresh capital through the IPO. By comparison, omnichannel beauty retailer Nykaa's Rs 5,350 crore IPO was subscribed 52 times, and at-home services platform Urban Company's Rs 1,900 crore share sale was subscribed 104 times.
from Tech-Economic Times https://ift.tt/2ZYOtV0
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