Mumbai/IBNS, Dec. 10 -- E-commerce major Meesho made a strong debut on the stock market on Wednesday, with shares listing at a 46% premium over the IPO issue price of Rs.111 per share, media reports said.

Prior to the market debut, Meesho saw robust activity in the grey market, with the grey market premium (GMP) at Rs.35-36 per share, which surged to Rs.42-44 during the bidding phase.

The Bengaluru-based company had launched its IPO between December 3 and 5, offering shares in the price band of Rs.105-111 per share with a lot size of 134 shares. The strong listing underscores high investor demand and confidence in Meesho's growth story.

Published by HT Digital Content Services with permission from India Blooms....