Meesho IPO allotment, Dec. 6 -- The initial public offering (IPO) of e-commerce company Meesho saw a strong response from investors. The book build issue, which combined a fresh issue of about 38.29 crore shares to raise Rs.4,250 crore, and an offer for sale (OFS) of 10.55 crore shares, saw an overall subscription of 79 times.

With a price band of Rs.105 to Rs.111 per share, the Rs.5,421.20 crore IPO opened for subscription on Wednesday, December 3, and concluded on Friday, December 5.

Share allotment is expected to be finalised on Monday, December 8, after which shares will be credited to the demat accounts of successful bidders on Tuesday, December 9. Meesho shares are expected to list on the BSE and the NSE on Wednesday, December 10....