Meesho IPO Oversubscribed 79 Times Amidst Strong Institutional Investor Interest! 🚀

Hello everyone! There's a lot of exciting news in the economic sphere these days. Among them, I found myself particularly drawn to the news of Meesho's Initial Public Offering (IPO). 😊

Institutional Investors' Stellar Performance Fuels the IPO Frenzy!

The most striking aspect of this Meesho IPO was the active participation of institutional investors. On Friday, the final day of subscription, the IPO recorded an oversubscription of 79.2 times due to an explosive surge in demand from Qualified Institutional Buyers (QIBs). With a total of approximately 2.196 trillion KRW in subscriptions by market close, you can imagine the intense interest! 🔥

While QIBs typically participate mainly on the third day of IPO subscriptions, their contribution this time was truly outstanding. QIBs subscribed for 1.807 trillion KRW against their allocated quota of 150.3 billion KRW, achieving an astonishing subscription rate of 120.18 times. Among these, foreign institutional investors accounted for approximately 812.1 billion KRW, and domestic financial institutions and mutual funds accounted for approximately 994 billion KRW respectively, indicating a massive influx of funds.

Individual Investors' Initial Enthusiasm and Demand in the High-Value Segment

Of course, individual investors also showed strong enthusiasm at the beginning of the IPO. By noon on the first day, the IPO shares were almost completely sold out, demonstrating significant interest from retail investors. Individual investors subscribed for 9.714 billion shares against their allocated 510 million shares, showing a high subscription rate of 19 times. 🤩

Within the non-institutional investor segment, demand was particularly high in the high-value segment. It seems that many individuals recognized Meesho's growth potential and decided to invest.

Why Meesho's Future Trajectory is Even More Anticipated

There are likely several reasons why Meesho's IPO garnered such a fervent response. However, its solid position in the e-commerce market and its innovative business model appear to have been major contributing factors. The company's rapid growth, particularly among the younger demographic, and its development of a unique ecosystem seem to have been a significant draw for investors.

Isn't it exciting to anticipate what Meesho will achieve after its listing? 📈

How did you hear about this Meesho IPO news? If you participated in the subscription yourself, we would love it if you could share your experience in the comments! 👇

Congratulating a Successful IPO and Wishing Meesho a Bright Future

I hope the Meesho IPO news shared today has been interesting and informative for you. Let's continue to watch together to see what new momentum Meesho will bring to the e-commerce market. Thank you for your continued interest and attention! ✨