FIs exit Meesho anchor allotment, allege unfair SBI MF allocation in IPO

FIs exit Meesho anchor allotment, allege unfair SBI MF allocation in IPO

Mumbai: A group of foreign and domestic institutions withdrew from Meesho‘s anchor allotment process, alleging that SBI Mutual Fund was given a disproportionately higher share in the pre-IPO anchor allocation. Capital Group, Norges Bank Investment Management, ICICI Prudential Mutual, and Nippon India Mutual were among the funds that opted out of the e-commerce marketplace’s ₹2,439-crore … Read more

Meesho IPO to open soon: Will it turn into next stock market jackpot? Check GMP

Meesho IPO to open soon: Will it turn into next stock market jackpot? Check GMP

Meesho’s long-awaited IPO will open for subscription on December 3, and many retail investors are keen to know whether the issue can deliver strong listing gains. The company, which has grown rapidly in India’s e-commerce space, is coming to the market with a large issue size and early signals from the grey market suggest healthy … Read more

10-days work break, unlimited wellness leaves & more: How Meesho and other cos are prioritising employee’s well-being

10-days work break, unlimited wellness leaves & more: How Meesho and other cos are prioritising employee’s well-being

Vidit Aatrey, Founder and CEO, Meesho In a first of its kind unique initiative, Meesho rolls out a wellness oriented move to let employees unplug themselves through its ‘Reset and Recharge’ policy! Work from home has undoubtedly been a welcome move for most employees. Workers are more comfortable working at the comfort of their homes … Read more