India, Dec. 4 -- Update | December 4, 19:55 IST

Ecommerce major Meesho's IPO ended its second day on a high. At the end of its Thursday, the IPO was oversubscribed by 7.97X receiving bids for 221.61 Cr shares against the total offering of 27.79 Cr shares.

Non-institutional investors (NIIs) showed the highest optimism for the company's IPO, bidding for 70.30 Cr against the 7.65 Cr shares in the offering. This translates to an oversubscription of 9.18X.

Following NIIs, retail investors oversubscribed their quota by 9.14X, bidding for 46.62 Cr shares against the 5.1 Cr shares reserved for them. Meanwhile qualified institutional buyers (QIBs) placed bids for 104.69 Cr shares against the 15.04 Cr shares reserved for them, translating into a...