India, Dec. 10 -- Shares of Meesho Ltd. have listed at a premium over IPO price, indicating that India's appetite for new-age stocks continues unabated.

On Wednesday, Meesho's share price rose as much as 54.95% over the IPO price of Rs.111 apiece on the BSE even as the benchmark Sensex traded up to 0.25% higher. That after the Meesho IPO garnered Rs.5,420 crore for the small-town e-commerce company.

The Meesho IPO was fully subscribed on the first day itself, offering shares at Rs.111 apiece for a valuation of $5.6 billion. The shares were quoted in the grey market at 35% above the issue price on Tuesday, according to IPOWatch.in.

Meesho's debut comes amid a rush by Indian companies to raise funds in the primary market, making India th...