Meesho IPO fully subscribed on day one despite investor concerns over SBI MF’s large anchor allocation

MUMBAI: Despite the growing concerns and the reported resultant decisions of some institutional investors to quit the Softbank-backed company after the management and not its i–bankers’ decided to allot a disproportionately higher share of the anchor book to SBI Mutual Fund, forcing many others to quit the issue, the Rs 5,422-crore IPO of ecommerce platform Meesho has been fully subscribed on the day one Wednesday.