Indian e-commerce company Meesho has begun accepting initial public offering with the aim of raising around US$603 million. The company is joining one of the most actively traded listed markets in the world. The company is supported by Japan's SoftBank Group and Dutch investment company Prosus, and is the latest company to take advantage of India's hot IPO market. As companies are optimistic about the steady growth and huge market potential of the Indian economy, the Indian market has welcomed a series of company listings this year. Bengaluru headquartered Meesho is seeking to raise no more than 54.21 billion rupees in total. This includes raising US$130.3 million through the public offering of shares, with an issue price range of Rs 105 to 111 rupees per share; and raising US$472.6 million through current shareholder sales. The offering is expected to end on Friday, and its shares are expected to begin trading on December 10 on the Bombay Stock Exchange and the National Stock Exchange of India. Meesho said in an announcement that it has received 125 anchor investors, including well-known supporters such as SBI Funds, BlackRock, Fidelity, Franklin Templeton, and Morgan Stanley.

Indian e-commerce company Meesho has begun accepting initial public offering with the aim of raising around US$603 million. The company is joining one of the most actively traded listed markets in the world. The company is supported by Japan's SoftBank Group and Dutch investment company Prosus, and is the latest company to take advantage of India's hot IPO market. As companies are optimistic about the steady growth and huge market potential of the Indian economy, the Indian market has welcomed a series of company listings this year. Bengaluru headquartered Meesho is seeking to raise no more than 54.21 billion rupees in total. This includes raising US$130.3 million through the public offering of shares, with an issue price range of Rs 105 to 111 rupees per share; and raising US$472.6 million through current shareholder sales. The offering is expected to end on Friday, and its shares are expected to begin trading on December 10 on the Bombay Stock Exchange and the National Stock Exchange of India. Meesho said in an announcement that it has received 125 anchor investors, including well-known supporters such as SBI Funds, BlackRock, Fidelity, Franklin Templeton, and Morgan Stanley.