Meesho IPO Opens with ₹5,421.20 Crore Raise, Anchor Investors Invest ₹2,439 Crore
AI Summary1 min read
TL;DR
Meesho's IPO opens December 3, raising ₹5,421.20 crore with ₹2,439 crore from anchor investors. It trades at a 40.54% grey market premium, priced ₹105–₹111 per share, and brokerages recommend long-term subscription.
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Meesho IPOanchor investorsgrey market premiumpublic subscriptionbrokerage recommendations
Meesho IPO opens for public subscription on December 3, seeking to raise ₹5,421.20 crore. The company has already raised ₹2,439 crore from anchor investors and is trading at a grey market premium of ₹45 per share, or 40.54% over the upper end of the IPO price band. The IPO comprises a fresh issue and an offer for sale, with a price band of ₹105–₹111 per share and a lot size of 135 shares. Brokerages have recommended subscribing to the IPO from a long-term perspective.
