Meesho’s $603 Million India IPO Fully Subscribed on First Day

URBANZ:JP,360103Z:IN,LENSKART:IN,BLK:US,9984:JP,BSE:IN,181586Z:UH,4441Z:LN,3871458Z:US,1484600D:US

ipos,brics,emerging-markets,startups,retail,consumer-discretionary

Rajesh Mascarenhas

Company Overview

Meesho Faces Investor Protest Over Anchor Allotment to SBI Funds

India’s Meesho Allots Shares Worth $271m to Anchor Investors

SoftBank-Backed Meesho IPO to Fuel Its Small-Town India Push (1)

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Meesho, an Indian e-commerce firm backed by SoftBank, started taking orders Wednesday for an IPO that may raise as much as $603 million.

Meesho Kicks Off Investor Orders for $603 Million India IPO

Lenskart Listing Ceremony At the National Stock Exchange

Meesho Ltd.’s initial public offering, which aimed to raise as much as 54.2 billion rupees ($603 million), was fully subscribed on the first day of book building, becoming the third Indian startup this year to draw such strong demand after Urban Co. and Lenskart Solutions Ltd.

India E-Commerce Firm Meesho Starts Taking Orders for $603 Million India IPO

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