FIs exit Meesho anchor allotment, allege unfair SBI MF allocation in IPO

Mumbai: A group of foreign and domestic institutions withdrew from Meesho's anchor allotment process, alleging that SBI Mutual Fund was given a disproportionately higher share in the pre-IPO anchor allocation.

Capital Group, Norges Bank Investment Management, ICICI Prudential Mutual, and Nippon India Mutual were among the funds that opted out of the e-commerce marketplace's ₹2,439-crore anchor book, said sources.