Meesho files for IPO to raise ₹4,250 crore

E-COMMERCE UNICORN MEESHO has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) through the confidential route.

- AYANTI BERA

E-COMMERCE UNICORN MEESHO has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) through the confidential route. It is aiming to raise ₹4,250 crore in fresh capital through an initial public offering, according to sources.

The issue size is likely to be bigger after the inclusion of the offer-for-sale (OFS) component. Meesho's last-known valuation is $3.9 billion, as of March 2024. Meesho joins a slew of startups that have filed IPO papers in the last few weeks, including Shadowfax, Pine Labs, Wakefit, and Curefoods, which are collectively raising nearly ₹6,500 crore in fresh capital. More than a dozen new-age companies are readying to list on the bourses and are expected to raise a combined ₹18,000 crore.