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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.
- 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.