Meesho’s Rs 5,422-crore issue and 10 other IPOs to flood market next week
MUMBAI: The opening week of December is set to flood the primary markets with 11 IPOs, three on the mainboard and the rest on the SME platfroms. The initial offer series is led by the Softbank-backed e-commerce major Meesho opening on December 3 with a Rs 5,422-crore (almost 40% lower than initially planned) share sale, and all 11 issuers combined are rasing over Rs 7,000 crore, helping the overall IPO market to cross the record Rs 1,59,784 crore fundraising achieved last year.
