Meesho IPO Gets Overwhelming Response, Anchors Secure ₹2,439 Crore

Meesho IPO sees massive interest, raising ₹2,439 crore from anchor investors, highlighting strong backing from institutional players.

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Meesho IPO Gets Overwhelming Response, Anchors Secure ₹2,439 Crore

Meesho IPO Gets Overwhelming Response, Anchors Secure ₹2,439 Crore
  • Meesho’s IPO has garnered a strong response, with anchor investors committing ₹2,439 crore before the issue opens. The anchor book was oversubscribed 30 times, reflecting investor confidence in the e-commerce platform’s growth potential. Major institutional investors, including SBI Mutual Fund and Fidelity, are backing the issue. Meesho plans to use the proceeds for expansion and strengthening its tech infrastructure.
Tags:
  • ipo
  • meesho