Meesho IPO: 32x demand from anchor investors
Meesho's IPO is turning heads with a record 32 times oversubscription in its anchor round.
The company is looking to raise ₹5,421 crore, with the public issue open from December 3 to 5.
Allotment happens on December 8 and shares are set to list on December 10.
What does Meesho do—and why all the buzz?
Meesho runs a zero-commission marketplace that links buyers with small sellers across India.
This unique model has caught the eye of big investors like SBI Mutual Fund, Tiger Global, and BlackRock.
Shares are priced at ₹105-111 each (valuing Meesho at up to ₹50,096 crore), and retail investors can get started for about ₹15k.
As per SEBI regulations, anchor investors typically have a lock-in period of up to 90 days after listing.
Quick numbers
Of the total IPO amount, ₹4,250 crore comes from new shares and ₹1,171 crore from existing shareholders selling part of their stake.