Tech
Meesho raises Rs 2,439 crore from anchor investors ahead of IPO
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Ecommerce marketplace Meesho has raised Rs 2,439 crore in a pre-IPO anchor allotment, according to a regulatory filing with the company.
Of this, Rs 1,040 crore worth of shares were allocated to domestic mutual funds.
SBI Mutual Fund picked up almost a quarter of Meesho’s anchor book, while others such as Singapore’s sovereign wealth fund GIC, asset managers BlackRock and Fidelity, and hedge fund Tiger Global also participated.
Meesho’s public issue will open on December 3 and the company’s stock will list on the exchanges on December 10.
The…
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