Meesho IPO: E-Commerce Firm Files Confidential DRHP With SEBI to Raise Rs 4,250 Crore
Meesho IPO: A few days back shareholders of Meesho had approved the plan to raise Rs 4,500 crore ($500 million) through a fresh issue of equity shares.
Meesho IPO: Meesho, the budget-friendly e-commerce platform, has reportedly filed its draft red herring prospectus (DRHP) confidentially with the Securities and Exchange Board of India (SEBI), aiming to raise Rs 4,250 crore through its initial public offering (IPO), as per a report by Moneycontrol.
A few days back sharesholders of Meesho had approved the plan to raise Rs 4,500 crore ($500 million) through a fresh issue of equity shares. In the filing with Registrar of Companies, Meesho announced that the resolution was passed during an Extraordinary General Meeting on June 25, 2025.
Additionally, the shareholders approved the designation of co-founder Vidit Aatrey as chairman, managing director, and CEO. It is part of Meesho's board rejig ahead of the launch of its IPO.
Meesho is reportedly expected to file Draft Red Herring Prospectus (DRHP) in the coming months under the confidential route, as MoneyControl reported earlier.
The company is planning to raise a total of around Rs 8,500 crore ($1 billion) through a mix of primary capital and an offer for sale (OFS).
Earlier, Meesho shifted the headquarters to India as part of its public listing plan. Meesho mergered its Delaware-based entity Meesho INC. with its Indian arm.
In the past two weeks alone, Pine Labs, Wakefit, Curefoods, Shadowfax have all filed their DRHPs to raise a total of about Rs 6,000 crore in primary capital, Moneycontrol had reported earlier.
The name change, effective from May 13, 2025, aligns with Meesho's strategic focus on strengthening its brand identity as a leading e-commerce platform in India. It reflects Meesho's evolution into a comprehensive online marketplace. The company will now begin the process for its IPO, though the timeline for the listing has not been disclosed.
While Prosus and SoftBank jointly hold around 22 percent of Meesho, this stake is relatively lower compared to the combined ownership of Elevation Capital and Peak XV Partners, the two largest investors in the e-commerce startup.
Despite entering the Indian e-commerce market relatively late in 2015, Meesho has expanded rapidly, particularly by focusing on Tier 3 and smaller markets, which cater to value-conscious consumers. This strategy has helped it gain significant market share, even against well-funded rivals like Flipkart and Amazon.
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