The initial public offering (IPO) of SoftBank-backed e-commerce firm Meesho was subscribed 7.97 times on the second day of its share sale on Thursday, driven by participation across investor categories. The three-day IPO received bids for 2,21,60,51,730 shares against 27,79,38,446 shares on offer, as per NSE data. Meanwhile, precision component maker Aequs Group’s IPO was subscribed over 11 times.