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Meesho under fire from investors over SBI Funds allotment
Mint New Delhi
|December 03, 2025
Meesho Ltd's anchor book faced a setback after several major investors pulled out when the Indian e-commerce firm was said to have allocated about a quarter of the shares in this tranche to SBI Funds Management Pvt,, the country’s largest asset manager, according to people familiar with the matter.
That decision triggered a pushback from other large funds, the people said, asking not to be identified as the information is private. Meesho is set to open its anchor book— a portion of shares reserved for institutional investors—on Tuesday ahead of its initial public offering that launches on Wednesday.
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