ET Intelligence Group: Meesho, an e-commerce platform, plans to raise ₹4,250 crore through a fresh issue for investment in cloud infrastructure and capital expenditure. It will also raise ₹1,171.2 crore through an offer for sale. The company plans to spend ₹480 crore or over 11% of the fresh IPO proceeds to pay salaries of employees … Read more
Technology platform Meesho raised Rs 2,440 crore from 125 anchor investors on Tuesday ahead of its initial public offering (IPO) which opens on Wednesday, December 3. The company allocated 21.98 crore shares at the upper price band of Rs 111 apiece. Out of the 21.98 crore shares, 9.37 crore shares accounting for 42.63% of the … Read more
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
Mumbai: December is set to be another busy month for India’s red-hot initial public offering (IPO) market, with public issues worth nearly ₹30,000 crore scheduled to hit the street, a fitting crescendo to mark the end of what has already been a record-breaking year. The IPO market is set to accelerate in December with around … Read more