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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The Bengaluru-based ecommerce company makes a strong debut, listing at Rs 162.5 on the NSE.
Meesho made a strong stock market debut on Wednesday. The ecommerce company listed at Rs 162.50 a share on the National Stock Exchange, a 46% premium to the issue price of Rs 111, and closed even higher at Rs 170.45, marking a 54% rise on the first day of trade.
The Bengaluru-based company, known for its mass-market fashion and lifestyle marketplace, touched an intraday high of Rs 177.49, with trading volumes crossing 40 crore shares, reflecting intense investor activity. With the gains, Meesho’s market capitalization now stands at Rs 76,926.32 crore.
The IPO comprised a fresh issue of Rs 4,250 …
The kingdom is moving to tighten the rules around public listings, algorithmic trading, trading in foreign securities and company disclosures—all in an effort to chase transparency.
As the smart fan maker gears up for an IPO, prospective investors could do with some clarity on what the company’s next phase of growth will look like.
The stock market regulator is investigating a string of disappointing public listings. The idea is to send a message.
