India, Dec. 3 -- Updated | December 03, 18:20 IST

The public issue of Meesho saw strong investor interest on the first day of bidding and was oversubscribed 2.35X. It received bids for 65.4 Cr shares against 27.8 Cr shares on offer.

Retail investors showed the highest interest in the IPO, with the portion reserved for them getting oversubscribed 3.86X. They placed bids for 19.7 Cr shares as against 5.1 Cr shares reserved for them.

The NII portion was oversubscribed 1.80X, getting bids for 13.8 Cr shares against 7.7 Cr shares on offer. Within this, investors with a bidding amount of over INR 10 Lakh applied for 7.9 Cr shares, while those bidding between INR 2 Lakh to INR 10 Lakh applied for 5.9 Cr shares.

Meanwhile, after a slow start,...