Ecommerce marketplace Meesho has raised Rs 2,439 crore in a pre-IPO anchor allotment, according to a regulatory filing with the company.
Of this, Rs 1,040 crore worth of shares were allocated to domestic mutual funds.
SBI Mutual Fund picked up almost a quarter of Meesho’s anchor book, while others such as Singapore’s sovereign wealth fund GIC, asset managers BlackRock and Fidelity, and hedge fund Tiger Global also participated.
Meesho's public issue will open on December 3 and the company's stock will list on the exchanges on December 10.
The Bengaluru-based e-tailer is going public with a Rs 5,421-crore offering, which will value Meesho at Rs 51,535 crore on a post-money basis. It is raising Rs 4,250 crore in fresh capital from the IPO.
Also Read: Meesho faces investor protest over anchor allotment to SBI Funds
Of this, Rs 1,040 crore worth of shares were allocated to domestic mutual funds.
SBI Mutual Fund picked up almost a quarter of Meesho’s anchor book, while others such as Singapore’s sovereign wealth fund GIC, asset managers BlackRock and Fidelity, and hedge fund Tiger Global also participated.
Meesho's public issue will open on December 3 and the company's stock will list on the exchanges on December 10.
The Bengaluru-based e-tailer is going public with a Rs 5,421-crore offering, which will value Meesho at Rs 51,535 crore on a post-money basis. It is raising Rs 4,250 crore in fresh capital from the IPO.
Also Read: Meesho faces investor protest over anchor allotment to SBI Funds