Latest Updates Around The World
Meesho’s Rs 5,421-crore IPO attracted heavy investor traffic on Thursday, with bids more than three times the shares offered on Day 2 and gray market premiums indicating a listing population of over 40%, paving the way for one of the most-watched debuts of the year as investors weighed rapid growth against sustained losses.As of 11.20 […]
Meesho CMD & CEO Vidit Aatrey and CFO Dhiresh Bansal said the strong anchor interest reflects confidence in the company’s capital-light model, rapid user growth and improved monetization levers. Anchor investors include major domestic and global names, with the e-commerce platform highlighting its cash flow positive track record and scalable revenue streams as key strengths. […]
Technology platform Meesho on Tuesday raised Rs 2,440 crore from 125 investors, ahead of its initial public offering (IPO) set to launch on Wednesday, December 3. The company has allotted 21.98 crore shares at the highest price band of Rs 111 each. Of the 21.98 crore shares, 9.37 crore shares, accounting for 42.63% of the […]
The anchor book of Meesho Ltd. suffered a setback after several major investors pulled out when the Indian e-commerce company reportedly allocated about a quarter of the shares in this tranche to SBI Funds Management Pvt., the country’s largest asset manager, according to people familiar with the matter.That decision prompted a pushback from other major […]
As many as seven companies, including Softbank-backed e-commerce firm Meesho and Temasek-backed e-commerce platform Shiprocket, have secured Sebi’s approval to collectively raise nearly Rs 7,700 crore through initial public offerings (IPO), an update from the market regulator said on Monday.Others that have received regulatory approval include German Green Steel and Power, Allied Engineering Works, Skyways […]
