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Meesho Faces Backlash Over SBI Funds' Anchor Allotment
Meesho faces protests over anchor allotment to SBI Funds in its IPO, raising fairness concerns.
Meesho is facing investor protests over the allocation of anchor shares to SBI Funds in its upcoming IPO. Investors are questioning the fairness of the allocation, claiming that the decision may disadvantage retail investors. The company, which plans to raise ₹5,421 crore, is under scrutiny ahead of its public offering.