India, Dec. 5 -- Ecommerce unicorn Meesho's IPO continued to see strong investor demand on the final day of bidding, with the issue getting oversubscribed 16.60X as of 12:30 IST. The public offering received bids for 27.79 Cr shares against 1.67 Cr shares on offer.

The non-institutional investors' (NIIs) category led with an oversubscription of 24.09X, drawing bids for 118 Cr shares against 7.65 Cr shares on offer.

Within this segment, high-ticket bidders dominated. NIIs bidding above INR 10 lakh saw their quota getting oversubscribed 25.66X, while the portion reserved for NIIs bidding between INR 2 Lakh and INR 10 Lakh was oversubscribed 20.96X.

Retail investors placed bids for 71.4 Cr shares as against 5.10 Cr shares on offer, transl...