Meesho faces major investor protest a day before IPO opens

Meesho IPO: Anchor Investors Line Up Despite SBI Funds Pushback

Meesho, the Indian e-commerce firm, is set to open its anchor book for large institutional investors ahead of its highly anticipated initial public offering (IPO) on Wednesday.

• Global Investors Lined Up: Meesho's anchor line-up features several prominent global investors, including sovereign wealth funds and major long-only investors.
• Anchor Investor List: The list includes:
• GIC Pte (Sovereign Wealth Fund)
• Abu Dhabi Investment Authority (Sovereign Wealth Fund)
• Fidelity International (Major Long-Only Investor)
• BlackRock Inc. (Major Long-Only Investor)
• Baillie Gifford (Major Long-Only Investor)
• WCM Investment Management (Global Firm)
• Dragoneer Investment Group LLC (Global Firm)

Meesho is set to raise as much as ₹5,420 crore in the IPO, with shares priced at ₹105-111 apiece, according to a newspaper advertisement.

Anchor Allotment Process Ongoing: The anchor allotment process is still underway, and the final investor lineup may change.

Recent IPO Trends: Meesho's IPO is the latest in a series of highly sought-after listings in India's tech startup space, with recent IPOs from digital platforms drawing heavy demand.

Key IPO Details:

• Date: Wednesday
• Price: ₹105-111 per share
• Target Raise: ₹5,420 crore