Meesho IPO Opens with ₹5,421.20 Crore Raise, Anchor Investors Invest ₹2,439 Crore

Meesho IPO opens for public subscription on December 3, seeking to raise ₹5,421.20 crore. The company has already raised ₹2,439 crore from anchor investors and is trading at a grey market premium of ₹45 per share, or 40.54% over the upper end of the IPO price band. The IPO comprises a fresh issue and an offer for sale, with a price band of ₹105–₹111 per share and a lot size of 135 shares. Brokerages have recommended subscribing to the IPO from a long-term perspective.